Wishpond’s Second Quarter 2022 Financial Results Video Conference Call

Did you catch the recent Q2 results webinar? Wishpond hosted a webinar to discuss the company’s record-breaking second-quarter earnings. The event was hosted by Wishpond CEO Ali Tajskandar, and CFO David Pais. 

2022’s second quarter proved to be the strongest quarter in the company’s history. Q2 revenue reached over $5 million, representing a 55% year-over-year growth from the same period. Wishpond also achieved positive cash flow from operations in the second quarter. This is an enormous achievement for a company of Wishpond’s size.

Watch the webinar replay to find out more information about Wishpond’s Q2 results:

Some other highlights from the webinar include:

• Wishpond achieved a gross profit of $3.4 million in Q2-2022, compared to $2.2 million during Q2-2021, representing an increase of 50%
• Wishpond’sgGross margin percentage in Q2-2022 was 67%
• As of June 30, 2022, Wishpond had $2.5 million in cash and cash equivalents, and the Company has no debt. 

“Wishpond is in a very strong financial position with a healthy balance sheet, solid monthly recurring revenue, and very good visibility on revenue and cash flow for the current year.  Wishpond is able to continue to grow comfortably from its cash flow from operations, without the need for any additional equity or debt capital raise,” concluded David Pais.