Key notes from Q2 corporate update Key notes from Q2 corporate update:
1. Record Q2 quarter
2. Demand remains strong
3. MRR posted in April, May, June and expecting same trend in future
4. Annualized revenues increased over $20M and expecting cash flow profitability in 2nd half of the year
5. More than $1M in cost savings over the course of next 12 months
A. Implementing AI campaign to run certain campaigns
B. Realizing saving by optimizing spend in cloud cost
6. $6M line of credit untouched
7. We are not seeing recessionary impact from out clients infact the contracts are growing
8. Revenue growth from customer acquisition, without viral loop we are having record MRR numbers
9. Headwinds: we want to make sure we have enough cash flow and that’s why we are going to save $1M
10. For clients whom we manage, we have increased the prices. Before $500 to now $600 (example)
11. Wishpod is marketing tech and AD Tech. Marketing tech is protected from recessionary environment