Wishpond shared Q2 financials including a healthy jump in quarterly revenue year over year

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to discuss the Q2 2023 financial results, which reveal notable growth in revenue attributed to various factors, including increased product demand, expanded sales and marketing efforts, and the introduction of new products. Pais informed Proactive that during the second quarter of 2023, the company achieved remarkable revenue of $5,639,417, marking a 13% increase from the $5,007,343 generated in the corresponding period of 2022. Notably, Wishpond also achieved a positive adjusted EBITDA of $215,926 during Q2 2023, signifying a substantial 212% increase from the previous year. Tajskandar added that in this quarter, the company successfully finalized the acquisition of Essential Studio Manager (ESM), a significant addition to its portfolio and the sixth acquisition in the company's history. The integration of ESM broadened Wishpond's offerings to include features like invoicing, customer relationship management, and business management functionalities. Moreover, Wishpond has been diligently working on the development of additional AI-powered marketing tools, set to be launched in the upcoming quarters. He also touched on a game-changing AI product, Sales Closer AI, capable of autonomously handling sales calls, which could revolutionize the sales industry. Tajskandar also emphasized the growing popularity of the company's flagship Propel IQ platform, which has been gaining traction in the market. Early indicators point to improved margins and increased customer retention for this platform, reflecting its robust value proposition. The discussions with Tajskandar and Pais underscore the successful strategic initiatives that Wishpond Technologies is implementing, leading to substantial revenue growth and operational efficiencies. The company's commitment to innovation and expansion is evident in its acquisition strategy and the development of advanced marketing tools, positioning it well for continued success in the dynamic digital marketing landscape. #proactiveinvestors #wishpondltd #tsxv #wish #otcqx #wpndf #Q2Earnings #AIInnovation #SalesCloserAI #FinancialResults #TechIndustry #BusinessGrowth #CEOInterview #CFOInsights #RevenueSurge #FuturePlans #AutonomousSales #AIRevolution #ProfitableQuarter #GrowthStrategy #Acquisitions #PropelIQSuccess #FinancialPerformance #TechInnovations #BusinessUpdates #EconomicOutlook #InvestmentOpportunity #MarketTrends #IndustryDisruption #DigitalTransformation #CorporateAchievements#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews