Ann: Wisr Appoints Chief Product Officer, Chief Strategy Officer, page-35

To be honest I don't think many are capable of understanding the trajectory of this company, I would expect them to be posting profitable quarters prior to the end of FY 2021. That is the line of sight to where they are headed, the financials are merely an indicator of where they had been for the year ending 3 months prior.

You only need to have a look at the impact of the NAB wholesale facility on the bottom line, the addition of a new product, which should be higher lend at most likely a slightly reduced margin. But the new product is still a very saleable chattel mortgage that comes with all of the advance payment and financial health ecosystem benefits of WISR. They have many more products they can add, I cannot wait to see them have a crack in the R2M space and start looking at gap funding. They will probably look to put dedicated BDM's on for the car product, which will add $700-800k to costs, but they wouldn't do that until all of the bugs are ironed out and the product is gaining traction.

Feel free to reference this EOFY 2021, it wont be a profitable year most likely, but we will see the last 1-2 quarters in the black.