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

(NewsDirect)

Wishpond Technologies CEO Ali Tajskandarand CFO David Pais joined Steve Darling from Proactive to discuss thecompany's second-quarter financial results, which reveal notablegrowth in revenue attributed to various factors, including increasedproduct demand, expanded sales and marketing efforts, and theintroduction of new products.

Paisinformed Proactive that during 2Q 2023, the company achieved revenueof $5,639,417, marking a 13% increase from the $5,007,343 generated inthe corresponding period of 2022. Notably, Wishpond also achieved apositive adjusted EBITDA of $215,926, signifying a substantial 212%increase from the previous year.

Tajskandar added that in this quarter, the company successfullyfinalized the acquisition of Essential Studio Manager (ESM), asignificant addition to its portfolio and the sixth acquisition in thecompany's history. The integration of ESM broadened Wishpond'sofferings to include features like invoicing, customer relationshipmanagement, and business management functionalities.

Moreover, Wishpond has been diligentlyworking on the development of additional AI-powered marketing tools,set to be launched in the upcoming quarters.

He also touched on a game-changing AIproduct, Sales Closer AI, capable of autonomously handling salescalls, which could revolutionize the sales industry.

Tajskandar also emphasized the growingpopularity of the company's flagship Propel IQ platform, which hasbeen gaining traction in the market. Early indicators point toimproved margins and increased customer retention for this platform,reflecting its robust value proposition.

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