More positives than negatives in this report IMO:
Revenue $17.6m for the Qtr - so revenue run rate of $70m + pa
Loan originations of $186m for the Qtr - now stands at $1.2b
Largest ever quarterly loan book growth of $117m - is now $780m (& fast approaching the $1b short term target - with the next target $3b)
Average 801 credit score
Increasing interest rates to new & existing clients - with front book originations already up by 130 basis points between April 2022 and July 2022
Obviously management need to try to keep OPEX under control as they scale WZR (as I did expect WZR to be slightly cash flow positive this Qtr), but this was a very strong update in my opinion.
And liked the comment by Anthony Nantes "We have our sights set firmly on moving through breakeven and into sustainable profitability as our next goal".
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