Australian (ASX) Stock Market Forum

WZR - Wisr Limited

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WZR keeps building.. now @ 0.23c +12.20% on huge volume/momentum!

Recent analyst price forecast target of 0.47c so another 100% upside from here (if it comes to fruition finger's crossed).
 
not much on WZR . After its own Covid scare, the company has persisted.

Up over the last few days on unaudited H1FY21 results [which] show a material increase in revenue, and a reduction in loss compared to the previous corresponding period. This announcement accompanies the H1FY21 Results Presentation, dated 01 February 2020.

Key Results from the H1FY21 presentation include:
● H1FY21 revenue was $10.0m, a 354% increase on H1FY20 ($2.2m)
● Overall Cash EBTDA loss was $6.5m, a 6% decrease on H1FY20 ($6.9m)
● Operating Expenses (Opex) increased 59%, comparing very favourably to the 354% revenue increase, in line with the business now delivering operational leverage as it scales. This lift in Opex was delivered in line with management plan, and has set up the business to scale effectively in the coming periods
● Interest expense increased in line with growth in the Wisr Warehouse, which was $207m at 31 December 2020, an 815% increase on 31 December 2019 ($23m)
● Total Expected Credit Loss provisioning of 2.8% of loan book at 31 December 2020, down from 4.1% at 30 June 2020, highlighting continued strength in credit quality .


Three year chart:
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Just a chart pick for the February Comp and time for a chart update in the WZR thread.

A bit of interest in this stock of late and a nice break out as well yesterday. Hopefully this pick will continue upwards through the 8 cent area and towards the high in Aug 22 around the 10 cent mark.

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Sydney, 21 August 2023 - Wisr Limited (ASX: WZR) (Wisr, or the Company) announced on 16 August 2023 that the Wisr Board had terminated Chief Executive Officer Anthony Nantes’ employment.

The Wisr Board confirms that Anthony Nantes’ termination was not occasioned by any financial irregularity or regulatory contravention and the Company continues to conduct business as usual.
The Wisr Board had formed the view over recent months that Anthony was unable to perform the role of CEO to the level required by the Board and as such the Board took action in terminating his employment agreement.

Wisr is aware that Anthony Nantes is the subject of criminal proceedings brought by NSW Police. As these matters remain before the courts, the Company is not able to comment further.

www.smartcompany.com.au

Smart50 List 2022: Wisr

Wisr increased its revenue by 118% in the last 12 months, here's where it ranks on the annual Smart50 List of fastest-growing Australian companies.
www.smartcompany.com.au www.smartcompany.com.au

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The founders head has been offed 5 years after start up, now where to for the company and share price?
 
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