Wishpond Corporate Update Webinar
Some highlights mentioned in the webinar include:
- Wishpond is expected to hit record revenue in the second quarter, with annualized revenue run-rate now exceeding $20 million.
- The Company expects to realize more than $1.0 million in cost savings over the course of the next twelve months.
- Wishpond expects to be cash flow positive in the second half of the year as a result of the growth it has experienced as well as the cost-saving initiatives that have been implemented. Wishpond has a healthy cash balance.
- The company’s growth also hasn’t been affected, despite the various challenges disrupting other industries around the world.
“We are committed to having a focused mindset on realizing cost efficiencies while keeping one foot on the pedal of our sales generation engine. The company’s financial success is predicated on doing more with less and so we expect to maintain our sales growth even while running the business cost-effectively. We believe that these two objectives are not mutually exclusive.” said David Pais, when summing up the company’s current sales growth and cost-saving measures.