Wisr (ASX:WZR) reported loan originations of AU$93.5 million in the fiscal second quarter ended Dec. 31, 2024, up 77% from AU$52.9 million last year, according to a Thursday filing with the Australian bourse.
Quarterly revenue from operations increased to AU$22.8 million from AU$22.5 million year on year, due to improvement in the portfolio yield.
The company's loan book grew to AU$757 million, up from AU$753 million last quarter, with net losses decreasing to 1.72% from 2.06% quarter on quarter due to an increasing proportion of secured vehicle loans in the portfolio, the filing said.
Shares of the company fell 11% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.