WISHPOND TECHNOLOGIES LTD - WPNDF STOCK NEWS

Wishpond Technologies Ltd. announces the launch of Sales Email AI, a new feature of PersistIQ, their outbound sales solution. Sales Email AI aims to provide personalized email responses to potential clients, enhancing sales communications. The AI tool is user-friendly and practical, targeting small and medium-sized businesses.

Wishpond Technologies announces a partnership with Fiverr International to create a unique freelance marketplace for the Propel IQ platform. Fiverr will build a co-branded marketplace and certify professionals from Wishpond's partner network to provide services to Wishpond's SMB customers. The partnership is expected to bring new revenue opportunities, data insights, and exposure to millions of potential customers.

Wishpond CEO to present at investor conference on September 6, 2023

Wishpond Technologies Ltd. has completed the acquisition of certain assets of Essential Studio Manager (ESM), a provider of business management software. This acquisition expands Wishpond's sales and marketing technology platform and adds new business management and CRM functionality. ESM has over 150 customers and offers solutions for invoicing, expense management, customer communication, and more. Wishpond plans to integrate ESM with its Propel IQ platform, allowing customers to access contract signing, invoicing, and CRM functionality from one platform.

Wishpond Technologies Ltd. (OTCQX: WPNDF) will present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023. CEO Ali Tajskandar's live presentation is scheduled for 11:30 AM PT (2:30 PM ET) at the Horseshoe Hotel & Casino in Las Vegas. The presentation will cover the company's strategic direction and growth prospects. Investors can access the webcast here. In addition, Wishpond will hold one-on-one meetings at the conference. The company focuses on delivering marketing solutions through its Propel IQ platform, serving over 4,000 small and medium-sized businesses. With a subscription-based SaaS model, Wishpond maintains strong revenue predictability and growth potential.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announced record annual revenue of $20.5 million, a 39% increase compared to 2021. The fourth quarter saw a revenue of $5.9 million, contributing to an annualized revenue run-rate of over $23 million. Positive cash flows from operating activities reached $1.0 million, a significant turnaround from a loss of $1.5 million in the previous year. Adjusted EBITDA increased by 1,049% to $647,667. Looking forward, Wishpond anticipates continued growth and increased profitability in 2023, backed by its new Propel IQ platform and AI-powered solutions.