AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Wisr recorded a 2.07% YoY increase in revenue, reaching AUD 93.80 million in FY24, driven by improved yield metrics.
- Cash from operating activities rose from AUD 12.81 million in FY20 to AUD 17.94 million in FY24.
- The company aims for 75% loan origination growth and plans to enhance its technology platform and customer acquisition strategies.
Wisr Limited (ASX:WZR) is a neo-lender within Australia’s financial landscape, offering personal loans and securing vehicle loans for three, five and seven-year maturities. These loans are funded through the warehousing funding structures.
In the financial year 2024 (FY24), the company recorded 2.07% YoY rise in revenue to AUD 93.80 million, driven by improved yield metrics, partially offset by a decrease in the loan books.
The company reported noteworthy financial progress over the five years. Revenue increased from AUD 7.17 million in FY20 to AUD 93.80 million in FY24, and net loss decreased from AUD 23.53 million in FY20 to AUD 8.19 million in FY24.
In FY24, the company implemented strategic cost management which resulted in 19% YoY drop in opex and taking cost-to-income ratio to 28% from 36% in FY23.
Outlook
In FY25, the company intends to focus on sustainable growth, supported by the continuous expansion of its loan book and enhancements in profitability. The company is expected to deliver annual loan origination growth of 75% in FY25.
To increase market share, WZR intends to further improve its technology platform and customer acquisition strategies.
Share performance of WZR
WZR shares closed at AUD 0.029 apiece on 15 October 2024. In the last nine months, WZR’s share price has dropped by almost 29.27%, and in the past one month, it has increased by almost 7.41%.
52-week high of WZR is AUD 0.051, recorded on 5 January 2024, while 52-week low is AUD 0.019, recorded on 5 December 2023.
WZR Daily Technical Chart, Source: REFINITIV
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 15 October 2024. The reference data in this report has been partly sourced from REFINITIV.
Disclaimer
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