One stock we had our eye on last year was the cloud based communications company Whispir (WSP). They essentially provide a SaaS based platform to improve communications within organisations and external to them. While Market Matters does not use WSP for our SMS notifications, we could and no doubt many of you will notice more are more uses of SMS technology in everyday interactions with business. Whispir provides the technology to make this happen across a broad range of industries.
The stock struggled for much of 2021 after raising money early in the year. The raise was done at $3.75/sh, a far cry from where the stock currently trades despite the recent ~25% rally from the lows. The bounce came on the back of a deal with Asian telco giant Singtel. The three-year deal will see Whispir’s core SMS notification system be offered into Singtel’s existing enterprise customers, along with a number of other enhancements. While it’s unlikely to contribute to FY22 revenue given the 6 months to implement, it significantly de-risks the growth targets Whispir set back when they raised mid last year.
MM is bullish WSP
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