Qoria (QOR AU)’s Solid 1H26 Results. Limited Colour On Aura’s Backdoor Listing
Back on the 2nd February Qoria (QOR AU) announced a scrip merger with unlisted Boston-based Aura, to form an enlarged digital safety play under the ASX-ticker AXQ.
This morning Qoria released 1H26 numbers, with revenue and gross margins up 25%, and EBITDA up 68%.
Zero earnings colour on Aura; although its prospectus is due out in April. Qoria is down 10% since Aura’s backdoor listing was announced as SaaS plays come under the hammer.
The Trade:
Tough call as SaaS plays face a valuation reset on AI advancements.
Pinnacle took the opportunity to offload 3.23% of shares out on the merger news pop.
I might be inclined to sit this out until Aura dispatches its prospectus.
This insight is labelled bullish as I’m not bearish here.
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