Why is the Whispir (ASX:WSP) share price rocketing 14% higher?

It has been a good day for Whispir shares…
The post Why is the Whispir (ASX:WSP) share price rocketing 14% higher? appeared first on The Motley Fool Australia. –

The Whispir Ltd (ASX: WSP) share price has been a very strong performer on Wednesday.

In morning trade, the cloud-based communications management systems platform provider’s shares are up 14% to $2.40.

Why is the Whispir share price rocketing higher?

Investors have been bidding the Whispir share price higher today following the release of an update on its guidance for FY 2022 ahead of its annual general meeting.

According to the release, Whispir now expects its revenue to be in the range of $64 million to $68 million in FY 2022. This represents a year on year increase of between 34% and 42%.

In addition, it is an improvement on its prior guidance of revenue in the range of $57.2 million to $60.2 million which was given just over a month ago.

But the good news doesn’t stop there. Whispir’s guidance for EBITDA excluding non-cash share-based payments for FY 2022 is now a loss of $11.2 million to $13.2 million. This compares to previous guidance for a loss of $13 million to $15.5 million.

What is driving this?

Management advised that Whispir is well positioned for growth in FY 2022, predicated by its book of long-term, blue chip clients.

It notes that several new business wins, including a sizeable customer in North America, provides confidence that the sales pipeline is strong, and the product is delivering to meet the changing needs of customers across the core regions of ANZ, Asia, and North America.

Commenting on the upgraded revenue and EBITDA guidance, Founder and CEO, Jeromy Wells said: “This improved forecast performance, in revenue and EBITDA, validates that our strategy is working. Our updated guidance also highlights the valuable role we’re playing in the delivery of COVID specific communications across our install base.”

“Our ‘return to work’ and ‘vaccine roll-out’ campaigns are clearly benefiting our top-line and they also provide an increased opportunity, for up-sell and cross-sell, introducing our platform, and our products, to an expanding customer base,” he added.

The post Why is the Whispir (ASX:WSP) share price rocketing 14% higher? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Whispir right now?

Before you consider Whispir, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Whispir wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

2 exciting small cap ASX shares named as buys

2 high-growth ASX tech shares looking cheap right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Whispir Ltd. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!