Wishpond seeing strong growth as company reports 38% increase in revenue year over year

News Direct

May 29, 2023

–News Direct–

Wishpond Technologies CEO Ali Tajskandar and chief financial officer David Pais joined Steve Darling from Proactive to share its 1Q 2023 financial numbers that showed 38% year-over-year revenue growth to $5.6 million.

Pais also told Proactive gross profit saw a 45% increase, with a gross margin percentage of 66%, and positive adjusted EBITDA showing an increase of 147%.

Tajskandar telling Proactive growth was driven organically from stronger product demand, an increase in sales and marketing activities, and new product introductions. The company currently has $1.9 million in cash and no debt and plans to look at building its acquisition pipeline.

Contact Details

Proactive Canada

+1 604-688-8158

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/wishpond-seeing-strong-growth-as-company-reports-38-increase-in-revenue-year-over-year-106424909

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