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An announcement from Wisr Ltd. ( (AU:WZR) ) is now available.
In its Q2FY25 update, Wisr Ltd. reported a modest increase in its loan book by 0.5% to $757 million as of December 2024. The company achieved a 1% rise in revenue to $22.8 million and a significant decrease in net losses by 34 basis points, indicating improved financial performance. With a growth in new loan originations by 21% and a well-capitalized position featuring $17.9 million in unrestricted cash, Wisr is poised for future expansion. These positive financial metrics reflect the company’s strategic focus on enhancing its loan offerings and maintaining robust financial health, potentially strengthening its market position and stakeholder confidence.
More about Wisr Ltd.
Wisr Ltd. operates in the financial services industry, primarily focusing on providing personal loans. The company is dedicated to offering innovative financial products and solutions aimed at helping customers manage debt and improve their financial wellness.
YTD Price Performance: 3.33%
Average Trading Volume: 1,052,945
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$43.15M
See more data about WZR stock on TipRanks’ Stock Analysis page.
