Wisr Limited Witnessed 50% Increased Revenue for Q4FY20, Stock up ~6%

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Wisr Limited Witnessed 50% Increased Revenue for Q4FY20, Stock up ~6%

Wisr Limited (ASX:WZR) revealed its business update and Appendix 4C for the fourth quarter ending 30 June 2020.

The company delivered several growth records for the quarter, comprising an upsurge of 50% in revenue as compared to the previous quarter. Nearly A$19.1 million in loan originations delivered in June exceeds A$13.8 million in May, with almost 38% month-on-month growth.

Notably, Wisr is well-capitalised through COVID-19 and beyond with A$40.0 million in cash and liquid loan assets as of 30 June 2020.

On 28 July 2020, WZR stock quoted at A$0.270 up by 5.882% at AEST 12:06 PM.

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