Wishpond Technol Stock Price, News & Analysis

Wishpond Technologies Ltd. reported a 41% year-over-year revenue growth for Q1-2022, achieving $4,078,317 in revenue, driven by an expanded sales team and acquisitions.

The company anticipates record Monthly Recurring Revenue (MRR) in May, following a strong performance in April. Wishpond expects accelerating revenue and earnings growth in the latter half of 2022, aided by recent acquisitions and cross-selling opportunities.

Despite macroeconomic challenges, Wishpond asserts its robust demand and diversified customer base support its growth strategy.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announced it will release its First Quarter Financial Statements for the period ending March 31, 2022, on May 26, 2022, before market open. A conference call will follow at 10:00 am PT to discuss the results, hosted by CEO Ali Tajskandar and CFO David Pais. Wishpond offers an integrated marketing suite for small and medium-sized businesses, operating under a subscription-based SaaS model, enhancing revenue predictability.

Wishpond Technologies Ltd. reported record monthly recurring revenue (MRR) for April 2022, driven by robust organic growth across its businesses. The PersistIQ sales automation subsidiary and new acquisitions like Winback and Viral Loops contributed to this success. Despite macroeconomic challenges, Wishpond is poised for continued growth with increasing revenues and improving cash flows. The company has also initiated cost optimization measures. Notably, Wishpond announced earn-out payments related to its acquisitions, highlighting its flexible financial strategy.

Wishpond Technologies Ltd. reported record financial results for fiscal 2021, achieving annual revenue of $14.76 million, up 87% from 2020. Fourth quarter revenue reached $4.67 million, marking a 107% increase year-over-year. The company's Adjusted EBITDA rose to $490,873 for Q4-2021. However, Wishpond recorded an operating loss of $3.15 million for 2021. The company has successfully integrated recent acquisitions, including Winback, and anticipates further growth through additional acquisitions and organic strategies in 2022.

Wishpond has successfully integrated its acquired Winback assets, achieving a 50% increase in clients since January 2022. This performance highlights Winback's growth potential within Wishpond's services and sales framework. The platform, which specializes in SMS marketing for eCommerce, notably enhances revenue opportunities for businesses, particularly through abandoned cart campaigns. New features have been introduced to improve functionality. Overall, the integration positions Winback as a significant contributor to Wishpond's strategic goals.

Wishpond Technologies Ltd. (TSXV: WISH, OTCQX: WPNDF) announced the release date for its Audited Annual Financial Statements for the fiscal year ended December 31, 2021. The statements will be released on April 27, 2022, followed by a conference call scheduled for the same day at 10:00 am PT (1:00 pm ET). The call will feature key executives including Ali Tajskandar, CEO, and David Pais, CFO. Wishpond aims to empower entrepreneurs with an 'all-in-one' marketing suite, serving over 3,700 SMB customers, primarily through a subscription-based SaaS model.

Wishpond Technologies Ltd. (OTCQX: WPNDF) has acquired Viral Loops, a referral marketing software platform, for approximately US$2.3 million. This acquisition, effective April 1, 2022, includes an upfront payment of US$1.38 million and a performance-based earn-out of US$920,000. Viral Loops serves over 700 customers and is EBITDA positive, contributing to Wishpond's growth strategy by enhancing its product offerings and providing cross-sell opportunities to its customer base of over 3,000 small to medium-sized businesses.

Wishpond Technologies Ltd. announced that its subsidiary, Brax, has partnered with ROI Marketplace LLC, a top native advertising agency. This partnership aims to enhance Brax's platform by migrating ROI's customer base and incorporating insights from ROI's CEO, Joe Burton, into product development. Additionally, Brax has completed integration with MGID Inc., expanding its reach to over 32,000 publishers and enhancing its advertising capabilities. The integration includes features like direct management of MGID ad spend and built-in optimization tools, furthering Wishpond's growth in digital marketing solutions.

Wishpond Technologies Ltd. announced a partnership with LaLeo, the largest medical eCommerce marketplace in Latin America, to resell Wishpond's EverGenius platform. With over 300,000 customers, LaLeo aims to enhance Wishpond's footprint in this key market. The collaboration will provide training and support for the EverGenius platform, which focuses on digital marketing services for medical and dental clinics. This opportunity is expected to boost customer engagement and drive revenue for both companies in Latin America, particularly in Mexico.