Business
Wishpond Provides Business Update with Record Revenue Expected for Q2-2022
Wishpond Provides Business Update with Record Revenue Expected for Q2-2022 Cana...
About this update from Wishpond Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Wishpond Provides Business Update with Record Revenue Expected for Q2-2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Wishpond expects to achieve record revenue in the second quarter ended\n \n June 30, 2022\n \n , with annualized revenue run-rate now exceeding\n \n $20 million\n \n .\n \n \n The Company's recent cost saving initiatives and operational efficiencies will result in more than\n \n $1.0 million\n \n in annual cost savings.\n \n \n Wishpond is the recipient of three awards from Gartner recognizing the Company's innovative and easy-to-use marketing technology software products.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n July 20, 2022\n \n /CNW/ -\n \n Wishpond Technologies Ltd.\n \n (TSXV: WISH) (OTCQX: WPNDF) (the \"\n \n Company\n \n \" or \"\n \n Wishpond\n \n \"), a provider of marketing-focused online business solutions, is pleased to provide a business update for the second quarter of 2022.\n \n \n \n \n \n \n \n \n \n Wishpond is expecting Q2-2022 to be the strongest quarter in the Company's history, with revenues exceeding the previous record of\n \n $4.7 million\n \n achieved in Q4-2021. The Company's growth has not been hindered to date by macroeconomic challenges such as high inflation, increasing interest rates and significant supply chain disruptions affecting other industries around the globe. Wishpond has a diversified customer base of small-medium sized businesses. The demand for the Company's products and services remains robust with organic growth over the past year largely driven by investments in Wishpond's sales and marketing teams.\n \n \n Wishpond posted higher monthly recurri...