In afternoon trade on Wednesday, the S&P/ASX 200 Index (ASX: XJO) is on track to record another gain. At the time of writing, the benchmark index is up 0.2% to 7,516.8 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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Bigtincan Holdings Ltd (ASX: BTH)
The Bigtincan share price has rocketed 20% to $1.43. This follows the successful completion of its placement and institutional entitlement offer. Bigtincan is seeking to raise $135.3 million in order to fund the acquisition of Brainshark, Inc. for US$86 million (A$116 million). Brainshark is an industry-recognised and multi-awarded leader in its field of sales coaching, learning and readiness. Its addition is expected to lead to combined FY 2022 annualised recurring revenue meeting or exceeding A$119 million in FY 2022.
Lovisa Holdings Ltd (ASX: LOV)
The Lovisa share price has jumped 19% to $19.47. Investors have been buying the fashion jewellery retailer's shares following the release of strong full year results. For FY 2021, Lovisa reported an 18.9% increase in revenue to $288 million and a 43.3% jump in net profit after tax to $27.7 million.
SILK Laser Australia Ltd (ASX: SLA)
The SILK Laser share price has jumped 14% to $3.89 following the release of its maiden full year results. The cosmetic clinic operator reported a 68% increase in network sales to $85.1 million and a 180% jump in pro forma EBITDA to $17.3 million. The latter was ahead of its upgraded guidance of $15 million to $16 million. This was driven by a 52% increase in like for like sales, new store openings, and strong demand in the injectables and body categories.
WiseTech Global Ltd (ASX: WTC)
The WiseTech Global share price has surged 25% to $45.45. Investors have been scrambling to buy the logistics solution platform provider's shares following the release of a full year result that smashed expectations. The company was aiming for revenue of $470 million to $510 million and EBITDA of $165 million to $190 million. However, it reported an 18% increase in revenue to $507.5 million and a 63% jump in EBITDA to $206.7 million. Looking ahead, management is guiding to EBITDA growth of 26% to 38% in FY 2022.
