Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to discuss the company's second-quarter 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 2Q 2023, the company achieved 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, 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.