Wishpond shares 2Q financials including a healthy jump in quarterly revenue year-over-year

About this update from Wishpond Technologies Ltd.

[{"type":"text","content":"Wishpond shares 2Q financials including a healthy jump in quarterly revenue year-over-year\n \n \n (NewsDirect)\n \n \n \n \n Wishpond Technologies CEO Ali Tajskandar\nand CFO David Pais joined Steve Darling from Proactive to discuss the\ncompany's second-quarter financial results, which reveal notable\ngrowth in revenue attributed to various factors, including increased\nproduct demand, expanded sales and marketing efforts, and the\nintroduction of new products.\n \n \n Pais\ninformed Proactive that during 2Q 2023, the company achieved revenue\nof $5,639,417, marking a 13% increase from the $5,007,343 generated in\nthe corresponding period of 2022. Notably, Wishpond also achieved a\npositive adjusted EBITDA of $215,926, signifying a substantial 212%\nincrease from the previous year.\n \n \n Tajskandar added that in this quarter, the company successfully\nfinalized the acquisition of Essential Studio Manager (ESM), a\nsignificant addition to its portfolio and the sixth acquisition in the\ncompany's history. The integration of ESM broadened Wishpond's\nofferings to include features like invoicing, customer relationship\nmanagement, and business management functionalities.\n \n \n Moreover, Wishpond has been diligently\nworking on the development of additional AI-powered marketing tools,\nset to be launched in the upcoming quarters.\n \n \n He also touched on a game-changing AI\nproduct, Sales Closer AI, capable of autonomously handling sales\ncalls, which could revolutionize the sales industry.\n \n \n Tajskandar also emphasized the growing\npopularity of the company's flagship Propel IQ platform, which has\nbeen gaining traction in the market. Early indicators point to\nimproved margins and increased customer retention for this platform,\nreflecting its robust value proposition.\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":2487,"tagName":"div"}]

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