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Wishpond Reports 38% Revenue Growth in Q1-2023

Retrieved on: 
Thursday, May 25, 2023
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Wishpond achieved revenue of $5.6 million in Q1-2023, representing a 38% year over year revenue growth driven primarily by the Company's expanded sales team and new product introductions.

Key Points: 
  • Wishpond achieved revenue of $5.6 million in Q1-2023, representing a 38% year over year revenue growth driven primarily by the Company's expanded sales team and new product introductions.
  • Ali Tajskandar, Wishpond's Chairman and CEO commented, "We are very pleased with our first quarter results in which Wishpond achieved 38% annual revenue growth, primarily driven by the Company's organic growth.
  • Revenue growth was primarily driven by organic growth resulting from stronger product demand, an increase in sales and marketing activities, and new product introductions.
  • Wishpond achieved Gross Profit(1) of $3,689,338 in Q1-2023 (Q1-2022: $2,536,195), representing a 45% increase from Q1-2022, driven by an increase in overall revenue.

Wishpond Reports Record Revenue, EBITDA and Cash Flow for Q4-2022 and Fiscal 2022

Retrieved on: 
Thursday, April 13, 2023
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Wishpond achieved record positive cash flows from operating activities of $1.0 million in fiscal 2022 as a result of higher revenue in the past year and a greater focus on cost control.

Key Points: 
  • Wishpond achieved record positive cash flows from operating activities of $1.0 million in fiscal 2022 as a result of higher revenue in the past year and a greater focus on cost control.
  • Fiscal 2022 Annual Financial Highlights:
    Wishpond achieved record annual revenue of $20,478,834 during fiscal 2022, compared to $14,761,275 in fiscal 2021, an increase of 39%.
  • Wishpond achieved Gross Profit(1) of $13,556,839 in fiscal 2022 (2021: $9,980,399), representing a 36% increase from fiscal 2021, driven by an increase in overall revenue.
  • In fiscal 2022, Wishpond had record positive cash flows from operating activities of $1,031,821 (2021: loss of $1,538,146).

Wishpond Launches Propel IQ, the Company's Next Generation Marketing Technology Platform

Retrieved on: 
Thursday, March 9, 2023
Software, IQ, Artificial intelligence, SEO, Copywriting, Propel, SMS, Luigi, AI, Marketing, Automation, Sales, Video game, Publishing, WinBack

VANCOUVER, BC, March 9, 2023 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of marketing-focused online business solutions, is pleased to announce the launch of Propel IQ, the Company's next generation marketing technology platform.

Key Points: 
  • VANCOUVER, BC, March 9, 2023 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of marketing-focused online business solutions, is pleased to announce the launch of Propel IQ, the Company's next generation marketing technology platform.
  • Propel IQ combines Wishpond's award-winning software with its recent acquisitions to create one connected platform, providing businesses with a comprehensive, affordable, and easy-to-use marketing and sales technology platform.
  • Propel IQ is the most extensive solution offered by Wishpond to date, utilizing powerful technology from all of Wishpond's different brands.
  • In addition to Wishpond's lead generation, email marketing, automation, and marketing technology solutions, Propel IQ includes SMS marketing from Winback, referral marketing from Viral Loops, and sales engagement software from PersistIQ, all integrated together into one platform.

New release of Census Segments as the Best Audience Management Solution Built on the Data Warehouse

Retrieved on: 
Tuesday, December 13, 2022
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SAN FRANCISCO, Dec. 13, 2022 /PRNewswire/ -- Census, the leading reverse ETL platform that syncs customer data from data warehouses to key business tools, today introduced Census Segments 2.0, the latest version of Census Segments which enables marketers to build complex audience segments without coding or SQL. Census Segments 2.0 includes powerful visual segmentation that makes it easy for marketers to filter across object and event relationships and keep all their marketing tools up to date.

Key Points: 
  • SAN FRANCISCO, Dec. 13, 2022 /PRNewswire/ -- Census , the leading reverse ETL platform that syncs customer data from data warehouses to key business tools, today introduced Census Segments 2.0, the latest version of Census Segments which enablesmarketers to build complexaudience segments without coding or SQL.
  • Census enables marketing teams to activate the most complete source of truth for customer data in the organization the data warehouse unlike legacy CDPs which create another costly silo of data.
  • The data warehouse is the best source of truth for customer data data that can help marketing teams do their job better and faster if only they could access it.
  • Census Segments is powered by Census Entities , which is a new product that helps data teams define and expose their most important business objects in the warehouse.

Wishpond Reports 41% YoY Growth in First Quarter 2022 and Provides Strong Outlook for the Rest of the Year

Retrieved on: 
Thursday, May 26, 2022
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"I am very pleased with our first quarter results in which we accomplished 41% year-over-year growth compared to the same period last year.

Key Points: 
  • "I am very pleased with our first quarter results in which we accomplished 41% year-over-year growth compared to the same period last year.
  • The first quarter results were driven by organic growth as well as contributions from the acquisitions we completed in 2021.
  • First Quarter 2022 Business Highlights:
    On January 10, 2022, the Company announced the appointment of David Pais as Chief Financial Officer (CFO).
  • Wishpond is in a very strong financial position with cash on its balance sheet, improving cash flows and solid performance across its businesses.

Wishpond Achieves Record Monthly Recurring Revenue in April 2022

Retrieved on: 
Tuesday, May 3, 2022
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Wishpond remains well positioned for continued growth with increasing revenue in 2022 and improving cash flows.

Key Points: 
  • Wishpond remains well positioned for continued growth with increasing revenue in 2022 and improving cash flows.
  • Wishpond is pleased to report that the Company's monthly recurring revenue ("MRR") was at an all-time high in April 2022.
  • In particular, Wishpond's PersistIQ subsidiary exceeded expectations, recording a record high MRR in April 2022.
  • The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company's revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility.

Wishpond Reports 107% Revenue Growth in Q4-2021; Drives Record Annual Revenue for Fiscal 2021

Retrieved on: 
Wednesday, April 27, 2022
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I am also very pleased with our financial performance in the fourth quarter 2021, in which we achieved record revenue and Adjusted EBITDA with 107% revenue growth compared to the fourth quarter of 2020."

Key Points: 
  • I am also very pleased with our financial performance in the fourth quarter 2021, in which we achieved record revenue and Adjusted EBITDA with 107% revenue growth compared to the fourth quarter of 2020."
  • Fiscal 2021 Annual Financial Highlights:
    Wishpond achieved record annual revenue of $14,761,275 during fiscal 2021, compared to $7,882,018 in fiscal 2020, an increase of 87%.
  • Revenue growth was primarily driven by an increase in sales and marketing activities, new product introductions and acquisitions completed in 2021.
  • Wishpond achieved Gross profit(1) of $9,980,399 in fiscal 2021 (2020: $5,229,099), representing a 91% increase from fiscal 2020, driven by an increase in overall revenue.

Wishpond Announces its Winback Business is Accelerating since being Acquired by Wishpond

Retrieved on: 
Wednesday, April 20, 2022
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Since the beginning of the year, the Winback business has increased its number of clients by over 50%, including existing Wishpond clients.

Key Points: 
  • Since the beginning of the year, the Winback business has increased its number of clients by over 50%, including existing Wishpond clients.
  • "Winback is proving to be a key acquisition for Wishpond," said Jordan Gutierrez, COO at Wishpond.
  • Winback's abandoned cart SMS marketing is a powerful marketing tool; hence, we've had tremendous success in introducing Winback to our existing Wishpond clients."
  • Wishpond has also developed and launched new innovative features to the Winback platform since it acquired Winback.

Wishpond Completes Acquisition of Winback - Adding SMS Marketing Solutions to its Platform

Retrieved on: 
Tuesday, January 4, 2022
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Winback offers SMS eCommerce marketing solutions for small-medium sized businesses with a specialization in providing cart abandonment technology to Shopify merchants.

Key Points: 
  • Winback offers SMS eCommerce marketing solutions for small-medium sized businesses with a specialization in providing cart abandonment technology to Shopify merchants.
  • Based out of New York, Winback provides Wishpond with user-friendly and automated SMS marketing solutions, including a cart abandonment tool that can also be sold to Wishpond's existing eCommerce clients, thereby creating a stickier offering.
  • "We are pleased to welcome Winback to the Wishpond family", said Ali Tajskandar, Chairman and CEO of Wishpond.
  • Winback provides an automated SMS marketing platform for small-medium sized businesses, including a cart abandonment app for Shopify merchants, which installs with one click.

Wishpond Announces Acquisition of Winback - a Provider of Automated SMS Marketing Solutions for eCommerce

Retrieved on: 
Monday, December 13, 2021
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Based out of New York, Winback is a SMS marketing solutions platform including a cart abandonment tool for use with Shopify.

Key Points: 
  • Based out of New York, Winback is a SMS marketing solutions platform including a cart abandonment tool for use with Shopify.
  • "We're very pleased to announce our fourth acquisition this year," said Ali Tajskandar, Chairman and CEO of Wishpond.
  • Winback offers a SMS platform for small-medium sized businesses with a focus on providing cart abandonment solutions.
  • WinBack will continue to maintain its own brand and will maintain existing client relationships, while Wishpond will provide operational support.