Whilst WIZR clearly have a way to go, and they also clearly need to start scaling to once again increase revenues & increase the loan book size, it is good to see the continued positive trends:
Unrestricted cash now up to $28.4m (up from $21.7m at 31 March 2024)
7% increase in loan originations to $55.2 for the quarter - with a quarter "exit run rate" of a 30% increase in loan originations ($67.5m)
Continually increasing nett interest margins
Continually increasing yields - especially the "front book yields"
Nett Operating Cash Inflows of $4.0m for the quarter
Now that they have $28.4m in unrestricted cash & they also the debt facility sorted, will be interesting to see how they start to increase the loan originations amounts & loan book going forward
Also, it shouldn't be too long before interest rates start to decrease - which will obviously help this business significantly
All in all, this report was a step in the right direction IMO
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