WPNDF - Wishpond seeing strong growth as company reports 38% increase in revenue year over year

(NewsDirect)

Wishpond Technologies CEO Ali Tajskandarand chief financial officer David Pais joined Steve Darling fromProactive to share its 1Q 2023 financial numbers that showed 38%year-over-year revenue growth to $5.6 million.

Pais also told Proactive gross profit sawa 45% increase, with a gross margin percentage of 66%, and positiveadjusted EBITDA showing an increase of 147%.

Tajskandar telling Proactive growth wasdriven organically from stronger product demand, an increase in salesand marketing activities, and new product introductions. The companycurrently has $1.9 million in cash and no debt and plans to look atbuilding its acquisition pipeline.

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Proactive Canada

+1 604-688-8158

na-editorial@proactiveinvestors.com

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