Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Wishpond Technologies, a provider of marketing-focused online business solutions, is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “WISH”, following its qualifying transaction with Capital Pool Company Antera Ventures 1 Corp.

Ali Tajskandar, Chairman and CEO, stated: “We are very excited to be listed on the TSXV. Being publicly listed significantly increases our profile, and our recently completed financing of $4.6M provides us with the capital necessary to execute on our current business opportunities. We look forward to providing investors with an update on our growth plans and acquisition prospects in the coming months.”

Based in Vancouver, British Columbia, Wishpond offers an “all-in-one” marketing suite that provides companies with more than 20 different lead generation tools integrated into a single platform for the price of a single subscription for a fraction of the cost.

With more than 300 integrations, Wishpond’s solutions fit seamlessly with Shopify, mailchimp, slack, stripe and most other applications.

Wishpond serves over 2,000 customers who are primarily small-to-medium size businesses in a wide variety of industries.

Jordan Gutierrez, COO, added: “Wishpond has spent years analyzing the challenges of the average small-business entrepreneur to design a suite of cloud-based applications and services developed with those challenges in mind. Wishpond’s tools and services are designed to empower entrepreneurs to efficiently launch and manage professional marketing campaigns, obtain insights into customer behaviour and preferences, and generate a positive return on their marketing dollars – all for a fraction of the cost of what marketing agencies charge for comparable solutions.”

The company employs a Software-as-a-Service business model where substantially all the company’s revenue is subscription based recurring revenue, across several countries, providing excellent revenue predictability.
the past three years
The company has reported an approximate 30% compound annual growth rate for the past 3 years and is expecting to be EBITDA positive for the full year 2020.

Juan Leal, CFO, commented: “Wishpond’s SaaS-based recurring business model provides excellent revenue and cash flow visibility with gross margins exceeding 65%. The funds from the recently closed financing have strengthened the Company’s balance sheet, with over $5.5M in cash and no debt. Wishpond has a solid track record and is well positioned to meet its growth objectives over the next year.”

The shares are trading at $1.32.

For more information, or to book a free demo, please visit the company’s website www.wishpond.com, contact Juan Leal, CFO, at 800-921-0167 ext 727 or email investor@wishpond.com.

I’m Megan Edwards for Investmentpitch Media