Wishpond Technol Stock Price, News & Analysis

Wishpond Technologies Ltd. has successfully acquired assets from Winback for US$700,000, enhancing its SMS eCommerce marketing solutions. Winback specializes in cart abandonment technology, particularly for Shopify merchants, which can bolster Wishpond's offerings. The acquisition is anticipated to generate recurring revenue with strong gross margins and positive cash flows, contributing to Wishpond's growth strategy. Winback, with over 350 customers and an annual revenue run rate exceeding US$450,000, aligns well with Wishpond's focus on small-to-medium businesses.

Wishpond has announced the acquisition of WinBack, a New York-based SMS marketing and cart abandonment tool, for US$700,000 entirely from cash reserves. This marks Wishpond's fourth acquisition this year, expected to be immediately accretive, generating strong recurring revenue with healthy gross margins. WinBack serves primarily Shopify merchants, offering a user-friendly platform that enhances Wishpond's current offerings and customer retention. The deal is projected to close in early January 2022, subject to TSX Venture Exchange approval.

Wishpond Technologies Ltd. (OTCQX: WPNDF) will present at the SNN Network Canada Virtual Event on December 8, 2021, at 1:00 PM ET. CEO Ali Tajskandar will lead the presentation and participate in private meetings. For live access, visit the webcast. Wishpond, based in Vancouver, offers a comprehensive marketing suite for small-to-medium-sized businesses, featuring a SaaS model for predictable revenue. More details can be found on their website.

Wishpond Technologies Ltd. reported a 90% revenue growth in Q3-2021, achieving $3,976,965 in quarterly revenue, driven by its expanded sales team and successful acquisitions. The company has returned to positive Adjusted EBITDA of $204,322 and now exceeds $16M in annualized revenue run-rate. The growth was significantly fueled by 104% revenue growth in the US market. Wishpond maintains a robust cash position of $7,758,720 and no long-term debt, indicating strong financial health.

Wishpond Technologies Ltd. (OTCQX: WPNDF) plans to release its third-quarter financial results for the period ending September 30, 2021, on November 25, 2021, before market open. A live webinar will follow at 12:00 PM EST to discuss these results, hosted by executive members. Based in Vancouver, Wishpond offers an all-in-one marketing suite primarily for small-to-medium businesses, with a subscription-based revenue model ensuring predictable cash flows. The company aims to solidify its position as a leading provider of digital marketing solutions.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announces the successful integration and performance of its PersistIQ business, surpassing growth expectations since its acquisition. The integration has expanded product offerings and sales capabilities, leading to increased monthly recurring revenue. With over 900 clients, PersistIQ has enhanced its sales automation platform and introduced new service packages, benefitting from Wishpond's resources. The leadership under Nick Steeves has optimized pricing and signup processes, further driving growth.

Wishpond Technologies Ltd. (OTCQX: WPNDF) announces CEO Ali Tajskandar's participation in two upcoming conferences. He will present at the TSX Technology Investor Day on November 3, 2021, and the OTC Markets Consumer/Digital Services Conference on November 4, 2021. Tajskandar will discuss the company's significant achievements since its public listing in December 2020, including raising over $12 million and 73% year-over-year revenue growth in Q2 2021. The conferences will provide insights into Wishpond's future strategies including acquisition plans.

Wishpond Technologies Ltd. announced the integration of its Appointments product with Zoom, now available on the Zoom App Marketplace. This new feature allows over 3,000 customers to schedule virtual meetings seamlessly, enhancing customer interactions and potentially reducing 'no-show' rates. The integration includes automated meeting link sharing in confirmation emails. Wishpond continues to enhance its all-in-one digital marketing platform, which includes over 300 other integrations. This development reflects Wishpond's commitment to providing innovative solutions for small and medium-sized businesses.

Wishpond Technologies Ltd. has secured a $6 million revolving credit facility from National Bank of Canada's Technology and Innovation Banking Group. This facility, undrawn as of the announcement date, aims to bolster the company's capital for future growth and acquisitions. Wishpond currently holds over $7.5 million in cash with no debt, positioning itself strongly for expansion. The credit facility is secured against the company's assets and is intended for working capital and general corporate purposes.