RE:Achieving new records
If they didn't have headwinds because of exchange rate ( usd/cad around 1.40 during Q2 2020 vs 1. 20-1.25 for Q2 2021) and PersistIQ's deferred revenue balance, the Q2 revenue would have been higher as stated from the extract below. They would have achieved around 94.5% yoy revenue growth and they expect growth to accelerate for Q3 and Q4! From the Q2 2021 revenue report: Wishpond's revenue was negatively impacted in the second quarter by the weakening of the US dollar. Had this decrease in exchange rate not occurred, the Company estimates consolidated revenues would have been higher by approximately $272,709 as compared to the exchange rate in Q2-2020. Revenues were also negatively impacted by an initial acquisition accounting adjustment related to PersistIQ's deferred revenue balance resulting in a negative impact of approximately $133,389 in the second quarter.