Wishpond Technol Stock Price, News & Analysis

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.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announced growth in revenue and customer base following the integration of its subsidiary, Viral Loops Technologies Inc. Since the acquisition in April 2022, Viral Loops has utilized Wishpond's sales strategies and cross-selling opportunities, enhancing its marketing solutions. Wishpond granted 1.7 million incentive awards, including stock options and performance shares, to encourage growth. The company highlights a robust marketing stack through viral referral software, further improving customer acquisition and marketing efficiency.

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.