Wishpond CEO Ali Tajskandar and Chief Financial Officer Adrian Lim joined Steve Darling from Proactive to share exciting news about the company's financial performance in the second quarter of 2024. Wishpond achieved its highest-ever Adjusted EBITDA for a second quarter, reflecting a remarkable 151% improvement compared to the same period last year. The company reported a positive Adjusted EBITDA of $541,610, up from $215,926 in Q2 2023, representing a significant increase and an Adjusted EBITDA margin of 9%.
In addition to this financial success, Wishpond's quarterly revenue reached $5,828,709 in Q2 2024, marking a 3% increase from the $5,639,417 generated during the same period in 2023. This growth was primarily driven by organic expansion, fueled by stronger product demand and the introduction of new products.
Tajskandar expressed confidence in the company’s future, anticipating record revenue and Adjusted EBITDA for the full year of 2024. This optimism is based on the growing traction of Wishpond's new Propel IQ bundled product and fresh sales generated by the recently launched SalesCloser AI virtual agent. The company continues to see robust demand for its offerings and maintains an active pipeline of sales opportunities.
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