Australia's WISR sees best day in over 2 years as operating expenses seen lower

WISR

25/10/2022 04:33

** Shares of WISR Ltd  WZR.AX  rise as much as 28.9% to
A$0.067, on track to see their best day since June 16, 2020 - if
gains hold 
    ** Financial products and services provider says co
estimates 15% reduction in Q2 FY23 operating expenses versus Q4
FY22  urn:newsml:reuters.com:*:nASX9hDHPV
    ** Says estimated reduction can be attributed to series of
cost reductions that were enacted throughout current quarter
    ** Says co recorded revenue for Q1 FY23 at A$21.2 mln
($13.40 mln), up 75% compared to Q1 FY22 
    ** Co's shares hit their highest since Sept. 19  
    ** More than 2.95 mln shares change hands compared to 30-day
average trading volume of 1.27 mln 
    ** Co's shares are down 78.3% YTD, as of last close 
($1 = 1.5815 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))