Whispir shares shout on upgraded guidance

Whispir shares received a boost on Wednesday after the communications SaaS business upgraded its full-year guidance for FY22.

The developer of communications platforms now expects its full-year revenue to be in the range of $64-$68 million, reflecting an improvement on FY21 of between 34% and 42%. The figure also bumps up the company’s prior guidance estimate of $57.2-$60.2 million provided in October by 12%-13.0%.

Furthermore, the Whispir provided guidance for EBITDA in FY22 to be in the range of $(13.2)-$(11.2) million, also an improvement on previous guidance of between 13.8% and 14.8%.

Whispir provides a communications workflow platform that automates interactions between organisations and people. Its products help organisations improve their communications through automated workflows to deliver accurate, timely, useful and actionable insights.

Whispir said it is well-positioned for growth in FY22, predicated by its book of long-term, bluechip clients. Several new business wins, including a sizeable customer in North America, have provided confidence that the company’s sales pipeline is strong, and the product is delivering to meet the changing needs of customers across 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.”