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IXUP Ltd.
(Sydney:DWG)
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Rating:46Neutral
Price Target:
AU$0.14
â–²(57.78% Upside)
Action:Reiterated
Date:09/29/26
The score is held down primarily by weak financial quality: despite strong FY2026 revenue growth and a meaningful swing to positive operating/free cash flow, the company remains loss-making and the balance sheet shows negative shareholder equity. Technicals are only mildly constructive with a neutral-to-mixed momentum profile, while valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Strong revenue rebound
The sharp revenue rebound indicates stronger commercial traction and improved adoption of the company’s offerings. If maintained, this expanding top line can provide operating leverage, support investment in the platform, and improve the pathway toward sustainable profitability over the next several quarters.
Negative Factors
Negative shareholder equity
Negative shareholder equity is a significant structural weakness because it leaves the company more sensitive to further operating losses and reduces its financial cushion. This can constrain capital allocation flexibility and make the business less resilient while it works toward consistent profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue rebound
The sharp revenue rebound indicates stronger commercial traction and improved adoption of the company’s offerings. If maintained, this expanding top line can provide operating leverage, support investment in the platform, and improve the pathway toward sustainable profitability over the next several quarters.
Read all positive factors
IXUP Ltd. (DWG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.60M
Dividend YieldN/A
Average Volume (3M)105.13K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth23.92%
EPS Growth79.94%
CountryAU
EmployeesN/A
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
Shares Outstanding113,359,760
10 Day Avg. Volume55,747
30 Day Avg. Volume105,131
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)-7.95
Price to Sales (P/S)1.72
P/FCF Ratio8.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IXUP Ltd. Business Overview & Revenue Model
Company Description
Established in 2011 and headquartered in North Sydney, Australia, DataWorks Group Limited (which rebranded from IXUP Limited in March 2025) specializes in creating software solutions. The company's operations span Australia, the United Kingdom, an...
IXUP Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
28
Negative
Cash Flow
62
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.93M | 7.20M | 6.63M | 1.26M | 977.17K |
| Gross Profit | 1.68M | 6.32M | 5.37M | 650.54K | 540.30K |
| EBITDA | -1.50M | -7.94M | -7.64M | -25.79M | -12.57M |
| Net Income | -2.25M | -10.03M | -10.28M | -26.56M | -13.66M |
Balance Sheet | |||||
| Total Assets | 4.18M | 3.62M | 6.72M | 7.38M | 24.74M |
| Cash, Cash Equivalents and Short-Term Investments | 651.31K | 404.60K | 1.15M | 1.64M | 5.16M |
| Total Debt | 705.48K | 731.47K | 1.09M | 2.78M | 271.15K |
| Total Liabilities | 6.11M | 3.46M | 3.95M | 5.39M | 4.20M |
| Stockholders Equity | -1.93M | 162.28K | 2.77M | 1.98M | 20.54M |
Cash Flow | |||||
| Free Cash Flow | 1.89M | -5.32M | -6.58M | -10.84M | -13.68M |
| Operating Cash Flow | 1.91M | -5.30M | -6.26M | -9.43M | -10.41M |
| Investing Cash Flow | -1.54M | -22.62K | -514.71K | -1.43M | -1.43M |
| Financing Cash Flow | -35.64K | 4.60M | 6.27M | 7.65M | 7.65M |
IXUP Ltd. Technical Analysis
Negative
0.09
Price Trends
0.14
Negative
0.14
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
45.12
Neutral
2.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DWG, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.12 is Neutral, neither overbought nor oversold. The STOCH value of 2.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DWG.
IXUP Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$4.98B | -90.36 | -5.20% | ― | 37.49% | -11816.67% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | AU$42.44M | 97.30 | 1.06% | 13.17% | 4.73% | ― | |
49 Neutral | AU$14.89M | -2.73 | -21.70% | ― | -4.17% | 80.49% | |
48 Neutral | AU$10.73M | -1.48 | -162.05% | ― | -11.66% | 89.02% | |
46 Neutral | AU$13.60M | -5.45 | 134.85% | ― | 23.92% | 79.94% | |
41 Neutral | AU$3.45M | -1.04 | -418.00% | ― | -38.96% | 26.32% |
* Technology Sector Average
AU:DWG
IXUP Ltd.
0.11
0.04
52.78%
AU:MP1
Megaport
19.38
5.04
35.12%
AU:FCT
FirstWave Cloud Technology
0.01
0.00
0.00%
AU:SEN
Senetas Corporation Limited
2.51
>-0.01
-0.04%
AU:CYB
Sovereign Cloud Holdings Ltd.
0.05
-0.03
-37.80%
AU:WHK
WhiteHawk Ltd.
0.01
0.00
0.00%
IXUP Ltd. Corporate Events
Dataworks launches entitlement offer to fund growth in gambling self-exclusion technology
Sep 28, 2026
Dataworks Group Limited has opened a 1-for-10 non-renounceable pro-rata entitlement offer, with a prospectus and personalised entitlement and acceptance forms despatched to eligible shareholders in Australia, New Zealand and the United Kingdom. Th...
Dataworks Raises A$3 Million to Accelerate Growth in Responsible Gaming Tech
Sep 25, 2026
Regulated gaming technology provider Dataworks Group Limited has completed a A$3.0 million share placement, issuing 25 million new fully paid ordinary shares at A$0.12 each to support its growth plans. The placement forms part of a broader capital...
Dataworks Group Bolsters Capital Base With 25 Million-Share Placement
Sep 25, 2026
Dataworks Group Limited has issued and allotted 25 million fully paid ordinary shares under a capital raising placement first announced earlier this month. The company confirmed the shares were issued without a prospectus, while stating it remains...
Dataworks Group Seeks ASX Quotation for 25 Million New Shares
Sep 25, 2026
Dataworks Group Limited has applied for quotation of 25,000,000 ordinary fully paid shares on the Australian Securities Exchange, under its issuer code DWG. The securities are scheduled for issue and quotation on 25 September 2026, in line with AS...
Dataworks Group Sets Out Corporate Structure in Annual Report Directory
Sep 24, 2026
Dataworks Group Limited, an ASX-listed company headquartered in North Sydney and incorporated in Victoria, operates within Australia’s corporate sector under the ticker DWG. Its governance framework includes an executive chairman, non-execut...
DataWorks files FY2026 governance statement as RegTech platforms scale globally
Sep 24, 2026
DataWorks Group Limited has lodged its Appendix 4G and FY2026 Corporate Governance Statement with the ASX, confirming that its governance disclosures and compliance with ASX Corporate Governance Council recommendations are available via its invest...
Dataworks Group Updates Prospectus-Based Capital Raising and Applies for Quotation of New Shares
Sep 20, 2026
Dataworks Group Limited has updated its announcement regarding a proposed non-renounceable pro rata issue of new shares. The update follows lodgement of a prospectus with ASIC and the ASX on 18 September 2026, forming the basis for an entitlement ...
Dataworks Group Options Lapse, Simplifying Capital Structure
Sep 18, 2026
Dataworks Group Limited has confirmed the expiry of 8,874,998 DWGAZ options, which carried an exercise price of $0.40 and were due to expire on 18 September 2026. The options lapsed without being exercised, resulting in a reduction of the company&...
Dataworks Group Launches Targeted A$1.24m Entitlement Offer
Sep 18, 2026
Dataworks Group has launched a non-renounceable entitlement offer to raise up to A$1.24 million by issuing one new share for every ten existing shares at A$0.12, with one free attaching option for every two new shares subscribed. The offer is limi...
DataWorks Group Launches A$1.24m Entitlement Offer With Attaching Options
Sep 17, 2026
DataWorks Group Limited has launched a non-renounceable entitlement offer to raise up to A$1.24 million before costs by issuing approximately 10.3 million new shares at A$0.12 each on a one-for-ten basis to eligible shareholders. The offer include...
Dataworks Group Clarifies Option Pricing in Updated ASX Securities Filing
Sep 17, 2026
Dataworks Group Limited, traded on the ASX under ticker DWG, operates in the data and technology sector with a focus on software-enabled solutions and information services. The company targets Australian markets where digital and data capabilities...
Dataworks Group Plans Issue of 5 Million Options to Bolster Capital Base
Sep 14, 2026
Dataworks Group Limited, an ASX-listed data and technology company, is continuing to utilise capital markets to support its strategic ambitions. Its focus on digital solutions underpins an active approach to funding through listed securities.The c...
Dataworks Group Launches Non-Renounceable Pro Rata Capital Raising
Sep 14, 2026
Dataworks Group Limited has outlined a non-renounceable pro rata issue to its existing shareholders, proposing the issue of up to 10,305,432 new ordinary fully paid shares and 5,152,716 options expiring 31 December 2027 with a $0.20 exercise price...
Dataworks Group Plans Share and Option Issue to Support Growth
Sep 14, 2026
Dataworks Group Limited has outlined plans for a new capital raising, proposing the issue of up to 25 million fully paid ordinary shares and 12.5 million options exercisable at $0.20 and expiring on 31 December 2027. The proposed securities are in...
Dataworks launches A$4.24m capital raising to fund growth and strengthen balance sheet
Sep 14, 2026
Dataworks Group Limited has launched a capital raising of up to A$4.24 million comprising a A$3.0 million placement to sophisticated and professional investors and a 1-for-10 non-renounceable entitlement offer to existing shareholders, both priced...
Dataworks Group Seeks Trading Halt Ahead of Material Capital Raising
Sep 10, 2026
The Australian Securities Exchange has placed Dataworks Group Limited’s shares in a trading halt at the company’s request, as it prepares to announce a material capital raising. The halt will remain in place until either the market ope...
Dataworks boosts revenue and cash flow as second government gambling platform goes live
Aug 31, 2026
Dataworks reported a 24% rise in operating revenue to $8.93 million in FY26 and a sharply reduced statutory loss after tax of $2.25 million, helped by restructuring and a leaner cost base. The company generated positive operating cash flow of $1.9...
Dataworks Narrows Loss as Revenue Climbs but Asset Backing Weakens
Aug 31, 2026
Dataworks Group Limited operates in the technology and data services sector, reporting under International Financial Reporting Standards for both domestic and foreign entities. The group previously controlled DataPOWA Limited, which was placed int...
Dataworks wins NSW Government planning contract for gambling harm initiative
Aug 31, 2026
Regulated gaming technology provider Dataworks Group has secured a planning and mobilisation agreement with the NSW Government linked to gambling harm minimisation measures. The fixed-price engagement, scheduled to start on 2 September 2026, is ex...
Dataworks Extends Interim CFO Engagement Amid Strategic Growth
Aug 11, 2026
Dataworks Group has extended the engagement of interim Chief Financial Officer Anna Hooper beyond her initial three-month term, moving to an ongoing monthly arrangement that either party can end with two weeks’ written notice. Chairman Julia...
Dataworks Turns Cashflow Positive as Ontario BetGuard Launch Cements Global RegTech Role
Jul 30, 2026
Dataworks reported a transformational FY26 with positive operating cashflow of about $276,000 for the year and $538,000 in the June quarter, while customer receipts reached record levels above $10 million. The improved cash generation and higher c...
Dataworks flags expiry of 8.9 million unlisted options in September 2026
Jul 24, 2026
Dataworks Group Limited, a regulated gaming technology company, develops mission-critical platforms that underpin responsible gambling measures, including Australia’s BetStop National Self-Exclusion Register and Ontario’s BetGuard syst...
Dataworks Secures $1.5m Facility to Drive RegTech Growth
Jul 3, 2026
Dataworks Group Limited has secured a $1.5 million unsecured working capital facility to bolster liquidity and financial flexibility during a key phase of commercial execution. The RegTech company, which runs major self-exclusion platforms for gam...
Dataworks Group Options Lapse, Streamlining Capital Structure
Jun 30, 2026
Dataworks Group Limited has confirmed the cessation of 375,000 listed options, DWGAR, which were due to expire on June 30, 2026 with an exercise price of $1.20. The options lapsed without being exercised, resulting in a reduction of potential dilu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.