Wisr shares up following the release of its Q1 FY2023 results

Wisr Limited (ASX: WZR) has released its Q1 FY2023 results. The Company highlighted that it made reductions in operating costs, lifted yield through product price increases to customers and moderated growth plans to set a way to profitability within 12 months while maintaining a healthy balance sheet.

Q1 FY2023 Highlights:

1. Prime loan book increased 86% to AU$885 million.

2. Quarterly Revenue increased 75% to US$21.2 million compared to the previous corresponding period (pcp).

3. Q1FY23 loan originations increased 41% to AU$186 million on pcp.

4. Total loan originations stood at AU$1.4 billion as at 30 September 2022.

At AEDT 1:47 PM, WZR shares are trading at AU$0.053, up 1.923% from the previous close. 

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