Business
Wishpond seeing strong growth as company reports 38% increase in revenue year over year
(NewsDirect) Wishpond Technologies CEO Ali Tajskandar and chief financial officer David P...
About this update from Wishpond Technologies Ltd.
[{"type":"text","content":"Wishpond seeing strong growth as company reports 38% increase in revenue year over year\n \n \n (NewsDirect)\n \n \n \n \n Wishpond Technologies CEO Ali Tajskandar\nand chief financial officer David Pais joined Steve Darling from\nProactive to share its 1Q 2023 financial numbers that showed 38%\nyear-over-year revenue growth to $5.6 million.\n \n \n Pais also told Proactive gross profit saw\na 45% increase, with a gross margin percentage of 66%, and positive\nadjusted EBITDA showing an increase of 147%.\n \n \n Tajskandar telling Proactive growth was\ndriven organically from stronger product demand, an increase in sales\nand marketing activities, and new product introductions. The company\ncurrently has $1.9 million in cash and no debt and plans to look at\nbuilding its acquisition pipeline.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1386,"tagName":"div"}]