Whispir (WSP) strong update fails to spark rally
WSP -1.92%: 2nd quarter trading update for the communications business today, though the stock traded lower in the session. Cash receipts in the 2nd quarter were up 125% YoY, managing to add another 127 customers. The sales did come at a cost with an increased headcount weighing on free cash flow however the growing pipeline of sales are expected to offset the costs, particularly in North America where another key customer was added. The company reiterated full year guidance of revenue of $64-68m.
MM recently bought WSP
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