Whispir's Annual General Meeting 2023 overview

Whispir Limited (ASX:$WSP) presented its Annual General Meeting 2023, highlighting achievements, growth strategy, and financial results. The company, providing a cloud-based communications platform for enterprise customers globally, emphasized its focus on revenue growth, improved margins, and positive free cash flow.

Executive commentary at Annual General Meeting 2023

Whispir's ambition is to achieve the world's highest engagement rates, gain a complete and actionable view of the customer, and deliver distraction-free, highly-targeted messaging. The company is addressing a large and growing market with its Communications-as-a-Service (CaaS) platform, aiming to embed communication and collaboration into business applications and processes to support enterprise digital transformation requirements. The company's recent achievements include revenue growth in Asia, innovation, gross margin improvement, and right-sizing the business while investing in innovation to enhance its competitive advantage.

Summary of Annual General Meeting 2023

Whispir's Annual General Meeting 2023 highlighted the company's focus on revenue growth, improved margins, and positive free cash flow. The company aims to deepen integration with existing Telco partners, diversify partners and resellers, and integrate with 3rd party software solutions to drive future growth. Whispir's outlook for FY24 includes executing the product roadmap, delivering new major releases, and generating free cash flow from the second half of FY24 onwards. The company's value proposition lies in its leadership position in the digital communications market, established track record of securing new customers, quality install base, strengthening operating leverage, and positive free cash flows. Whispir's experienced management team and its update on the unsolicited Soprano offer were also key highlights of the meeting.