Q: Please comment Wishpond shares 2Q financials. Thanks
5i Research Answer:
EPS of ($0.01) matched estimates and revenues of $5.6M slightly missed estimates of $5.61M. Sales grew by 13% year-over-year, driven largely by organic growth. Its efforts in optimizing costs led to positive Adjusted EBITDA, and the company is looking at expanding its services with the launch of its AI-powered marketing tools. These results point to positive trends in revenue, profitability, and product innovation. It is focusing on optimizing costs, and we feel that things are beginning to move in the right direction for the company, although it is quite small and carries a lot of size risk.