Curated News
By: NewsRamp Editorial Staff
April 23, 2024
Wishpond Technologies Reports 13% Increase in Annual Revenue for 2023
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- Wishpond achieved record annual revenue of $23.1 million in 2023, a 13% increase from 2022, driven by next-generation marketing platform Propel IQ.
- Wishpond's revenue for fiscal year 2023 was $23.1 million, with a 13% increase from 2022, primarily driven by sales of Propel IQ.
- Wishpond's financial achievements in 2023, including record revenue and positive EBITDA, position the company for continued growth and innovation in 2024.
- Wishpond Technologies CEO and CFO presented the company's 2023 financial achievements, highlighting record revenue and the launch of SalesCloser AI.
Impact - Why it Matters
The financial achievements of Wishpond Technologies, including the record annual revenue and positive Adjusted EBITDA, demonstrate the company's growth and success in the competitive marketing industry. This news highlights the company's future outlook and potential impact on the market, making it important for investors, stakeholders, and industry professionals to pay attention to Wishpond's continued growth and financial performance.
Summary
Wishpond Technologies CEO Ali Tajskandar and CFO David Pais presented the company’s financial achievements for the fiscal year ended December 31st, 2023. Wishpond reported record annual revenue of $23.1 million for fiscal year 2023, a 13% increase from 2022. The company's growth was driven by sales of their next-generation marketing platform, Propel IQ. Additionally, Wishpond achieved Adjusted EBITDA of $0.8 million in 2023, marking the sixth consecutive quarter of positive Adjusted EBITDA. The company anticipates an improvement in its cash position in 2024 as revenue continues to grow and the company has fulfilled all earn-outs related to prior acquisitions.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Wishpond Technologies Reports 13% Increase in Annual Revenue for 2023
