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Wishpond Technologies Ltd V.WISH

Alternate Symbol(s):  WPNDF

Wishpond Technologies Ltd. is a Canada-based provider of marketing focused online business solutions. The Company provides digital marketing solutions that enable entrepreneurs to achieve success online. The Company’s Propel IQ platform offers an all-in-one marketing suite that provides companies with marketing, promotion, lead generation, advertisement management, referral marketing, sales conversion and outbound sales automation capabilities on one integrated platform. It serves over 4,000 customers who are primarily small and medium-sized businesses (SMBs) in a variety of industries. The Company has developed marketing technology solutions, including an artificial intelligence (AI) powered Website builder, and continues to add new features and applications. Its subsidiaries include Wishpond Technology Group Ltd., Brax Technologies Inc., Winback Technologies Inc. and others. Wishpond Technology Group Ltd. provides sales engagement technologies to salespeople and entrepreneurs.


TSXV:WISH - Post by User

Post by Mythioton Aug 26, 2021 11:21pm
188 Views
Post# 33774504

Stock based compensation expense

Stock based compensation expenseRegarding the stock based compensation expense of $562K and $574K in Q1 and Q2 of 2021, the following is from the conference call @ 28:48:

"... We went public in December and so all the stock options that had been issued as a private company were converted to public company shares and those... We had a large issuance in December to incentivise all the management team and all the key employees and directors going forward, now as part of the public company, and so, again, there was a large issuance of options at the time and those will continue to be recognized in our financial statements over the length of the vesting period which is four years. Nothing else major has happened beyond that point..."
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