Welcome to our dedicated page for Wishpond Technol news (Ticker: WPNDF), a resource for investors and traders seeking the latest updates and insights on Wishpond Technol stock.
Wishpond Technologies Ltd. (WPNDF) provides a comprehensive news hub for tracking developments in its AI-driven marketing SaaS solutions. This page serves investors and businesses seeking timely updates on product innovations, financial performance, and strategic initiatives within the digital automation sector.
Access curated press releases and announcements covering earnings reports, technology partnerships, and platform enhancements like Wishpond's AI-powered sales tools. The repository ensures stakeholders stay informed about operational milestones and market positioning without speculative commentary.
Content highlights include updates on recurring revenue growth, new feature deployments, and leadership insights. Bookmark this page for streamlined access to verified information supporting informed analysis of Wishpond's evolving role in marketing technology.
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.
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