09:04 AM EST, 11/28/2024 (MT Newswires) -- Wishpond Technologies ( WPNDF ) said Thursday that its Viral Loops marketing platform reached a record 3 million participants in 2024 and surpassed 1 million referrals year-to-date.

Viral Loops also recorded a 40% jump in customer lifetime value and an increase of more than 25% in average revenue per account.

"It's incredibly encouraging to see such tremendous year-over-year growth with the Viral Loops Platform, a clear testament to the platform's innovative approach to referral marketing, which continues to resonate with businesses across industries," CEO Ali Tajskandar said.

The company's share price fell 5.5% yesterday to near 52-week lows of $0.26 on the TSX Venture Exchange.