Beacon remains bullish on Wishpond following Q1 results
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Beacon Securities analyst Gabriel Leung is staying the course after good-looking quarterly results from Wishpond Technologies (Wishpond Technologies Stock Quote, Chart, News, Analysts, Financials TSXV:WISH). In an update to clients on Thursday, Leung reiterated his “Buy” rating, saying WISH is currently trading at a discount to its peers.
Digital marketing platform Wishpond Technologies released on Thursday its first quarter 2021 financials, featuring record revenue of $2.9 million, up 74 per cent year-over-year. Gross profit was $1.8 million for a margin of 62 per cent, while the Q1 adjusted EBITDA loss was $318,779 compared to negative $3,610 a year earlier.