WISHPOND TECHNOLOGIES LTD - WPNDF STOCK NEWS

Wishpond Technologies Ltd. reported a 90% revenue growth in Q3-2021, achieving $3,976,965 in quarterly revenue, driven by its expanded sales team and successful acquisitions. The company has returned to positive Adjusted EBITDA of $204,322 and now exceeds $16M in annualized revenue run-rate. The growth was significantly fueled by 104% revenue growth in the US market. Wishpond maintains a robust cash position of $7,758,720 and no long-term debt, indicating strong financial health.

Wishpond Technologies Ltd. (OTCQX: WPNDF) plans to release its third-quarter financial results for the period ending September 30, 2021, on November 25, 2021, before market open. A live webinar will follow at 12:00 PM EST to discuss these results, hosted by executive members. Based in Vancouver, Wishpond offers an all-in-one marketing suite primarily for small-to-medium businesses, with a subscription-based revenue model ensuring predictable cash flows. The company aims to solidify its position as a leading provider of digital marketing solutions.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announces the successful integration and performance of its PersistIQ business, surpassing growth expectations since its acquisition. The integration has expanded product offerings and sales capabilities, leading to increased monthly recurring revenue. With over 900 clients, PersistIQ has enhanced its sales automation platform and introduced new service packages, benefitting from Wishpond's resources. The leadership under Nick Steeves has optimized pricing and signup processes, further driving growth.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announces CEO Ali Tajskandar's participation in two upcoming conferences. He will present at the TSX Technology Investor Day on November 3, 2021, and the OTC Markets Consumer/Digital Services Conference on November 4, 2021. Tajskandar will discuss the company's significant achievements since its public listing in December 2020, including raising over $12 million and 73% year-over-year revenue growth in Q2 2021. The conferences will provide insights into Wishpond's future strategies including acquisition plans.

Wishpond Technologies Ltd. announced the integration of its Appointments product with Zoom, now available on the Zoom App Marketplace. This new feature allows over 3,000 customers to schedule virtual meetings seamlessly, enhancing customer interactions and potentially reducing 'no-show' rates. The integration includes automated meeting link sharing in confirmation emails. Wishpond continues to enhance its all-in-one digital marketing platform, which includes over 300 other integrations. This development reflects Wishpond's commitment to providing innovative solutions for small and medium-sized businesses.

Wishpond Technologies Ltd. has secured a $6 million revolving credit facility from National Bank of Canada's Technology and Innovation Banking Group. This facility, undrawn as of the announcement date, aims to bolster the company's capital for future growth and acquisitions. Wishpond currently holds over $7.5 million in cash with no debt, positioning itself strongly for expansion. The credit facility is secured against the company's assets and is intended for working capital and general corporate purposes.

Wishpond Technologies Ltd. (OTCQX: WPNDF) has acquired Brax.io, expanding its digital ad management solutions. This marks Wishpond's third acquisition in 2021. Brax generated approximately US$1.5 million in revenue over the last twelve months and has gross margins of 80%. Kevin Ho, Wishpond's former VP of Marketing, has been appointed as General Manager of Brax. The total purchase price is around US$2 million, with US$1.33 million paid in cash and the rest based on future revenue. This strategic acquisition is expected to enhance Wishpond’s offerings to small and medium-sized businesses.

Wishpond Technologies Ltd. reported a record quarterly revenue of $3,226,877 for Q2-2021, marking a significant 73% year-over-year growth. The growth was attributed to both organic growth from an expanded sales team and the contributions from recent acquisitions, Invigo and PersistIQ. Despite this, the company faced adverse impacts from foreign currency fluctuations and initial acquisition accounting adjustments. The outlook remains positive, with expectations for strong growth continuing into the second half of 2021.

Wishpond Technologies Ltd. (OTCQX: WPNDF) will release its Second Quarter 2021 financial results on August 26, 2021, prior to the market opening. A live video webinar for discussing the results will also take place on the same day at 12:00 pm ET. The webinar will feature key executives, including CEO Ali Tajskandar and CFO Juan Leal. Wishpond focuses on providing marketing solutions to small and medium businesses through a subscription-based SaaS model, serving over 3,000 customers.