Wisr (ASX:WZR) share price up 3% on another record quarterly result

Wisr just marked its 20th consecutive quarter of growth. Here's what you need to know.

| More on:
A group of people in an office celebrating.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Wisr Ltd (ASX: WZR) share price has opened 3.77% higher on Monday to 27.5 cents after the company announced yet another record quarterly result.

Wisr is a non-bank lender, offering personalised consumer loans of up to ~$63,000. The company also owns an innovative money management app allowing customers to round up purchases to the nearest dollar, with the difference used to pay off existing loans.

Why the Wisr share price is on the move

Wisr was pleased to announce the "continued trajectory of uninterrupted growth", delivering its 20th consecutive quarter of growth.

The company announced $123 million of new loans originated in Q4 FY21, a 26% increase on Q4 FY21 and a 193% increase against the prior corresponding period.

Wisr said it has now reached $611 million in total loan originations since inception, with the latest $100 million written in less than three months.

This momentum has carried through to its loan book balance, sitting at $379 million as at 30 June 2021, or a 342% increase on the prior corresponding period.

The company said that its medium-term target is to scale towards a wholly-owned $1 billion loan book.

What did management say?

Wisr CEO Anthony Nantes hailed the continued momentum, saying:

It's an incredible result to deliver 20 straight quarters of loan growth and another significant and material step-change in our new loan originations. Wisr's purpose-led model is attracting Australia's most creditworthy customers as they leave the banks and seek a smarter, fairer deal, underpinned by an exceptional experience that actually improves financial wellness.

About the Wisr share price

The Wisr share price has stalled in the past month, following a capital raising on 1 June.

The $50 million capital raising would offer a significant discount to participants, with new shares issued at 25 cents each, or a 21.9% discount to its last closing price on Friday, 28 May.

When Wisr resumed trading on 2 June, the company's shares plummeted 14% from 32 cents to 27.5 cents.

Despite this, the Wisr share price is still up a solid 40% year-to-date.

Should you invest $1,000 in Bhp Group right now?

Before you buy Bhp Group shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Bhp Group wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was the ASX's fourth day of gains for the week today.

Read more »

A happy couple drinking red wine in a vineyard.
Best Shares

5 ASX 200 shares just upgraded to strong buy ratings

The experts say these 5 shares are set to rise over the next 12 months.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Share Market News

What is next for ASX 200 shares after last month's upheaval?

Macquarie reveals its outlook for ASX 200 shares in May in a new research note published today.

Read more »

a man raises his fists to the air in joyous celebration while learning some exciting good news via his computer screen in an office setting.
Share Gainers

Why Cedar Woods, Healius, NextDC, and Platinum shares are charging higher today

These shares are rising on Thursday. But why are investors buying them? Let's find out.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

Two CEOs shaking hands on a deal.
Financial Shares

This ASX 300 stock is jumping on surprise merger news

This stock could be having a very big makeover.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Share Gainers

These were the best-performing ASX 200 shares in April

These shares were in fine form in April. Let's see why they outperformed.

Read more »

a man puts his hand on the nose of a bull in a lovely green rural setting with the bull raising his nose to meet the man's touch.
Opinions

Why this ASX 300 share looks like a fantastic buy right now

This stock looks like an excellent investment right now.

Read more »