WISHPOND TECHNOLOGIES LTD - WPNDF STOCK NEWS

Wishpond Technologies Ltd. has launched a new AI-powered Website Builder aimed at helping small-to-medium sized businesses (SMBs) create professional websites quickly and cost-effectively. Available through the Propel IQ platform, the Website Builder uses generative AI to tailor designs and content based on user inputs, significantly reducing development time and costs. Currently offered in a limited free version, this tool is designed for users without technical expertise and includes features like drag-and-drop design and multilingual support. The company aims to empower SMBs against larger competitors.

Wishpond Technologies Ltd. (OTCQX: WPNDF) will host its inaugural Virtual Investor Day on April 4, 2023, at 10:00 AM PT (1:00 PM ET). During this event, the senior management will present an overview of the company's business, updates from unit leaders, and insights into their acquisition strategy and future outlook. Notably, Lloyed Lobo will discuss current trends in digital marketing. Participants will also witness a demonstration of Propel IQ, Wishpond's next-generation marketing technology platform, and the new AI-powered Landing Page Builder. For registration, visit Wishpond's Investor page.

Wishpond Technologies Ltd. (OTCQX: WPNDF) has launched Propel IQ, an all-in-one marketing technology platform designed for small to medium-sized businesses (SMBs). Propel IQ integrates Wishpond's various marketing solutions, including lead generation, email marketing, SMS marketing, and referral programs, into a unified system. The platform incorporates AI technologies to enhance marketing efforts, aiming to improve customer retention and long-term value while boosting margins. Propel IQ's easy onboarding and access to professional marketing services position it as a comprehensive solution for businesses seeking effective marketing management.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announced the launch of Braxy, an AI-powered advertising platform aimed at improving customer targeting and campaign management for small and medium-sized businesses. The platform promises significantly better results compared to self-managed Google Ads, with potential click-through rates as high as 8%, exceeding the industry average of 2%. The launch further validates Wishpond's tuck-in acquisition strategy and will be cross-sold to over 4,000 customers. Additionally, the company granted incentive stock options for management, reinforcing its growth strategy.

Wishpond Technologies achieved a record revenue of $5.5 million in Q3-2022, leading to an annualized revenue run-rate of approximately $22 million. The company reported positive cash flows from operating activities of $0.7 million, thanks to cost optimization and increased sales. Key highlights include a 38% revenue increase year-over-year and record positive Adjusted EBITDA of $593,047. Wishpond anticipates continued growth and profitability in 2023, bolstered by a robust sales pipeline and the integration of its acquisitions.

Wishpond Technologies Ltd. (WPNDF) is set to release its Third Quarter Financial Statements for the period ended September 30, 2022, on November 17, 2022. The financial results will be discussed during a conference call at 10:00 am PT (1:00 pm ET) the same day, led by CEO Ali Tajskandar and CFO David Pais. Wishpond specializes in digital marketing solutions and operates a SaaS model, serving over 3,700 small and medium-sized businesses. The company emphasizes its subscription-based revenue model for enhanced cash flow visibility.

Wishpond Technologies Ltd. has appointed Lloyed Lobo to its Board of Directors, effective November 1, 2022, as an independent director and Audit Committee member. Lobo, a technology veteran with over 15 years of experience, brings expertise from several startups and as co-founder of Boast.AI. He replaces Arinder Mahal, who resigned to focus on other projects. Wishpond aims to enhance its growth in digital marketing solutions, serving over 3,700 customers primarily in the SMB sector. The company's focus remains on scaling through its subscription-based SaaS model.