Wrkr Ltd (ASX:WRK) Releases Half-Year Financial Report
Financial Performance
Wrkr Ltd reported a 26% increase in revenues for the half-year ended 31 December 2024, reaching $4,883,505. The loss from ordinary activities after tax decreased by 44.4% to $1,521,125 compared to the previous year. The company did not pay, recommend, or declare any dividends during this period.
Capital Raising
Wrkr Ltd successfully completed a A$6.6 million placement, issuing approximately 264 million new shares at a price of $0.025 per share, representing a significant discount to the previous trading prices. Additionally, the company conducted a Share Purchase Plan, raising an additional A$1.211 million. The funds raised will be used to strengthen the balance sheet, accelerate contract delivery, support working capital, and fund further growth opportunities. The company also converted $3.3 million in convertible notes into 132 million new shares.
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