Wishpond Technologies Ltd. - WPNDF STOCK NEWS

Wishpond Technologies has appointed Adrian Lim as its new Chief Financial Officer, effective immediately. Lim, who has been with Wishpond for over three years as Group Financial Controller, will oversee finance, accounting, financial reporting, audit, tax, and capital planning functions. He replaces David Pais, who served as CFO since January 2022. Lim's promotion is subject to TSX Venture Exchange approval. CEO Ali Tajskandar praised Lim's financial expertise, citing his experience with Ernst & Young and BDO Canada. Lim holds a BCom from the University of British Columbia and a CPA designation. He aims to drive Wishpond's strategic growth and innovation.

Wishpond reported Q1-2024 financial results with revenue of $6.1 million, reflecting an 8% increase from Q1-2023.

Adjusted EBITDA improved by 39% to $0.3 million.

The company launched SalesCloser AI in April 2024, an AI-powered virtual sales agent, expected to drive growth alongside Propel IQ.

Gross profit grew by 12% to $4.13 million, and the gross margin increased to 68%.

Wishpond anticipates accelerated growth in H2-2024, with a focus on expanding sales of Propel IQ and SalesCloser AI.

As of March 31, 2024, the company had $2.09 million in cash but experienced a net cash decrease due to earnout payments and investments.

Wishpond Technologies has announced that it will release its First Quarter Financial Statements for the period ending March 31, 2024, on May 22, 2024, before the market opens. This will be accompanied by a management discussion and analysis.

A conference call to discuss these financial results will be held at 10:00 am PT (1:00 pm ET) on the same day. The call will be hosted by CEO Ali Tajskandar and CFO David Pais. Participants can join via webinar registration or dial-in using the provided numbers and Meeting ID.

Wishpond Technologies reports a record annual revenue of $23.1 million in fiscal year 2023, a 13% increase from the previous year. The company also achieved revenue of $6.1 million in Q4-2023, with positive Adjusted EBITDA for the sixth consecutive quarter. Wishpond anticipates accelerated growth in 2024 driven by increased Propel IQ sales and the launch of SalesCloser AI, a virtual AI sales agent.

Wishpond Technologies will present at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024, with CEO Ali Tajskandar hosting. Investors can book 1x1 meetings and access webcasts. The event will take place at the Paris Hotel & Casino in Las Vegas, NV.

Wishpond Technologies (WISH) announces the release of its Audited Annual Financial Statements for the fiscal year ended December 31, 2023, scheduled for April 18, 2024. The Company will host a conference call to discuss the results on the same day. Webinar details and registration information are provided for interested participants.

Wishpond Technologies launches SalesCloser AI, a virtual sales agent powered by advanced AI capabilities, offering personalized sales calls and product demos across various industries. The platform can engage leads, close deals, and deliver insights in ten languages, aiming to reduce hiring costs and automate sales processes.

Wishpond Technologies Ltd. reports significant growth and positive impact of Propel IQ, its all-in-one digital marketing platform. With over 500 new customers, Propel IQ shows up to 40% lower customer churn rate, 10-fold increase in MRR, over 80% gross margin, and 20% higher customer LTV. The platform integrates various marketing solutions, driving growth and profitability for Wishpond.

Wishpond Technologies Ltd. launches the Beta Program for SalesCloser, an AI-powered virtual sales agent platform. Kevin Ho has been appointed General Manager of SalesCloser AI. The platform is expected to provide personalized, round-the-clock sales calls and product demos without human intervention. The SalesCloser Beta program has attracted several hundred businesses, with an open invitation for more to sign up. The CEO, Ali Tajskandar, is optimistic about the potential of SalesCloser to accelerate sales and scale businesses across different industries. The platform is designed to reduce hiring costs, automate tasks, and provide detailed analytics for continuous improvement. Wishpond plans to adapt SalesCloser for various industries and applications, with Kevin Ho leading the platform's development and implementation.