WISHPOND TECHNOLOGIES LTD - WPNDF STOCK NEWS

Wishpond Technologies Ltd. reported 55% year-over-year revenue growth in Q2-2022, achieving revenue of $5.0 million. This growth is attributed to an expanded sales team, new products, and successful acquisitions. The company achieved positive cash flow from operations, recording $81,354 in Q2. The annualized revenue run-rate exceeded $20 million. Although the gross margin slightly decreased to 67%, overall performance remains strong with a solid outlook for continued revenue and cash flow growth in the second half of 2022.

Wishpond Technologies Ltd. (OTCQX: WPNDF) will announce its Second Quarter Financial Statements on August 24, 2022, before market open. This release will include the financial results for the three months ending June 30, 2022. A conference call will follow at 10:00 AM PT (1:00 PM ET) to discuss these results, hosted by CEO Ali Tajskandar and CFO David Pais. Additionally, the company will issue total earn-out payments of US$680,029.97 via the issuance of common shares related to past acquisitions, pending TSX Venture Exchange approval.

Wishpond Technologies Ltd. (WPNDF) anticipates achieving record revenue in Q2 2022, projecting an annualized revenue run-rate exceeding $20 million. The company has implemented cost-saving initiatives expected to yield over $1 million in annual savings. Despite macroeconomic challenges, Wishpond's revenue shows resilience, with a steady growth in monthly recurring revenue throughout Q2. Moreover, it has received three awards from Gartner, underscoring its strong position in the marketing technology sector. A webinar for further updates is scheduled for July 21, 2022.

Wishpond Technologies Ltd. has launched a new Website Builder designed specifically for small businesses to enhance lead generation and sales. This platform integrates various marketing tools, enabling businesses to create high-quality, optimized websites without the need for coding skills. Key features include lead tracking, advanced forms, and payment integration. The user-friendly interface allows for easy customization with drag-and-drop capabilities. This launch aims to improve customer retention and satisfaction by providing an all-in-one marketing solution.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announces the TSX Venture Exchange's acceptance of its Normal Course Issuer Bid, allowing for the repurchase of up to 2,613,316 shares over a 12-month period starting June 20, 2022. The Board believes this buyback will enhance shareholder value by reflecting the true market value of shares. In addition, the results from the Annual General and Special Meeting on June 14, 2022, indicate 59.14% of shares voted, confirming resolutions including the appointment of directors and auditor.

Wishpond Technologies Ltd. reported a 41% year-over-year revenue growth for Q1-2022, achieving $4,078,317 in revenue, driven by an expanded sales team and acquisitions.

The company anticipates record Monthly Recurring Revenue (MRR) in May, following a strong performance in April. Wishpond expects accelerating revenue and earnings growth in the latter half of 2022, aided by recent acquisitions and cross-selling opportunities.

Despite macroeconomic challenges, Wishpond asserts its robust demand and diversified customer base support its growth strategy.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announced it will release its First Quarter Financial Statements for the period ending March 31, 2022, on May 26, 2022, before market open. A conference call will follow at 10:00 am PT to discuss the results, hosted by CEO Ali Tajskandar and CFO David Pais. Wishpond offers an integrated marketing suite for small and medium-sized businesses, operating under a subscription-based SaaS model, enhancing revenue predictability.

Wishpond Technologies Ltd. reported record monthly recurring revenue (MRR) for April 2022, driven by robust organic growth across its businesses. The PersistIQ sales automation subsidiary and new acquisitions like Winback and Viral Loops contributed to this success. Despite macroeconomic challenges, Wishpond is poised for continued growth with increasing revenues and improving cash flows. The company has also initiated cost optimization measures. Notably, Wishpond announced earn-out payments related to its acquisitions, highlighting its flexible financial strategy.

Wishpond Technologies Ltd. reported record financial results for fiscal 2021, achieving annual revenue of $14.76 million, up 87% from 2020. Fourth quarter revenue reached $4.67 million, marking a 107% increase year-over-year. The company's Adjusted EBITDA rose to $490,873 for Q4-2021. However, Wishpond recorded an operating loss of $3.15 million for 2021. The company has successfully integrated recent acquisitions, including Winback, and anticipates further growth through additional acquisitions and organic strategies in 2022.