WorthPoint Announces Strong Q1 Results, Continuing Momentum into Q2
Friday, April 29th, 2022
WorthPoint Corporation, the world's largest online resource for researching, valuing and preserving antiques, art and collectibles, announced today its business results for the first quarter of 2022, ending March 31, posting its 21st sequential quarter of revenue growth.
The firm saw revenue increase by 30 percent this quarter from Q1 2021, with its subscriber base growing another impressive 30 percent year over year.
"WorthPoint holds significant pricing power and value to customers, evident in our sustained revenue growth over this past quarter," said Will Seippel, CEO of WorthPoint. "WorthPoint's business flexibility is indicative of our price-insensitive products and services and the unique competitive advantage we maintain in the industry."
In Q1, WorthPoint prepared the official launch of its national educational campaign with the Salvation Army, implementing its database resources to assist Salvation Army employees and shoppers in identifying valuables for online resale. It also welcomed a new partnership with MaxSold, a leading estate sale marketplace based in Canada. WorthPoint plans to continue establishing impactful partnerships through 2022, aiming to expand value to partners and subscribers with new products and applications.
"In a time of growing economic uncertainty, we are on the verge of building and integrating our product lines and databases into an improved suite of tools, better-suited for meeting customer needs when they need it most," Seippel said. "We are moving into a very transformative phase for WorthPoint, advancing the capabilities of our archival, preservation and valuation tracking tools. By investing in our on-shore engineering and marketing teams, we look to optimize WorthPoint as an all-encompassing tool past just a comprehensive Price Guide."