Fourth Quarter and Annual 2023 Financial Results Video Conference Call

Wishpond released its Q4 and annual 2023 financial results. This was discussed during a live webinar, where Wishpond’s CEO and CFO broke down the company’s financial performance and business developments.

Fiscal 2023 Annual Financial Highlights:

Wishpond achieved record annual revenue of $23,088,138 during its fiscal year 2023, compared to $20,478,834 in its fiscal year 2022, an increase of 13%. Revenue growth was primarily driven by organic growth resulting from strong product demand for the Company’s new Propel IQ marketing platform.
Wishpond achieved record gross profit of $15,190,124 in its fiscal year 2023 (2022: $13,556,839), representing a 12% increase from its fiscal year 2022, driven by an increase in overall revenue.
Wishpond achieved a gross margin percentage of 66% during its fiscal year 2023 (2022: 66%), in line with the Company’s historical performance.
During its fiscal year 2023, Wishpond achieved record Adjusted EBITDA of $758,807 (2022: $647,667), an increase of 17%. Adjusted EBITDA growth was positively impacted by the Company’s cost-cutting measures over the past year.

Ali Tajskander, Wishpond’s Founder and CEO commented, “2023 was a transformational year as Wishpond underwent the two most significant new product initiatives in the Company’s history – the first being the launch of Propel IQ, our next generation marketing platform, and the second being the development of a suite of AI powered marketing tools, including our flagship SalesCloser AI product. We believe the combination of Propel IQ and SalesCloser AI, positions Wishpond for the next phase of the Company’s growth. Propel IQ firmly places Wishpond in an elite league amongst very few digital marketing companies that boast an all-in-one bundled sales and marketing platform. Meanwhile, the recently launched SalesCloser AI product launch is garnering tremendous interest in the industry. We believe artificial intelligence is going to change the way that companies will do sales calls and product demos, and SalesCloser AI is leading the charge in this evolution.”