Wishpond seeing strong growth as company reports 38% increase in revenue year over year
Vancouver
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May 29, 2023 01:36 PM Eastern Daylight Time
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.
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