Wisr Limited (ASX: WZR) In the Quarterly Activities Report for the quarter ending 30 September 2023, highlighted their financial performance, revealing an operating cash flow of AU$5.4million and EBITDA of AU$(0.8) million. Despite a 1% decrease in Quarterly Revenue to AU$24.3 million from the previous quarter, this marked a 15% increase from the same period last year. Wisr continued to manage its loan book, which amounted to AU$887 million, a deliberate 5% reduction to prioritize profitability and maintain a robust balance sheet.
With a stable on-balance sheet 90+ day arrears of 1.26% and a focus on credit policy management, the company sustained a high-quality loan book. Loan originations saw a 6% decrease, reaching AU$50 million, as Wisr concentrated on moderating origination volume. The report also highlighted their AU$20.3 million unrestricted cash balance, alongside notable investments in their Financial Wellness Platform, which had processed 774K profiles and facilitated AU$7.0 million in round-ups on customer debt through the Wisr App by September 30, 2023.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
