Page 1

FOR DISTRIBUTION Q2 2021 Financial Results : WeCommerce Reports Second Quarter 2021 Results VICTORIA , British Columbia , August 26 , 2021 -- WeCommerce Holdings Ltd. ( " WeCommerce " or " the " Company " ) ( TSXV : WE ) today announced its financial results for the three- and six - month periods ended June 30 , 2021 ( “ Q2 2021 " and " YTD Q2 2021 respectively " ) . Currency amounts are in Canadian dollars unless otherwise noted . Revenue Recurring subscription revenue Digital goods revenue Agency service revenue Operating income / ( loss ) Net income / ( loss ) EBITDA ( ¹ ) EBITDA % Adjusted EBITDA ( ¹ ) Adjusted EBITDA % For the three - month periods ended June 30 , 2020 ● Notes : 1. See " Non - IFRS financial measures " for further information . ● 2021 6,111,019 1,417,379 1,963,283 2,485,847 1,454,843 1,245,022 885,546 507,696 August 26 , 2021 1,493 , 139 29 % 1,727,065 34 % 9,529,145 5,148,248 15,568,365 ( 497,997 ) ( 634,113 ) ( 44,675 ) ( 1,802,651 ) 3,690,093 3,197,425 34 % 24 % 2,879,409 30 % For the six - month periods ended June 30 , 2020 2021 " // 8,390,861 4,134,831 3,042,673 4,880,383 31 % Q2 2021 Highlights Revenue in Q2 2021 was $ 9,529,142 , an increase of $ 4,380,897 or 85 % ( 108 % on a constant currency basis ( ¹ ) ) compared to Q2 2020 . Apps segment revenue in Q2 2021 was $ 6,111,019 , an increase of $ 4,693,640 or 331 % ( 385 % on a constant currency basis ) compared to Q2 2020. Q2 2021 Apps segment revenue includes the results of Foursixty ( acquired on June 1 , 2020 ) and Stamped ( acquired on April 6 , 2021 ) , which contributed revenues of $ 1,101,561 and $ 3,911,690 , respectively , in Q2 2021. Excluding Foursixty and Stamped , Apps segment revenue decreased by $ 7,236 or -1 % ( + 10 % on a constant currency basis ) in Q2 2021 compared to Q2 2020 . ● Themes segment revenue in Q2 2021 was $ 1,963,283 , a decrease of $ 522,564 or -21 % ( -8 % on a constant currency basis ) compared to Q2 2020 . ● Agency segment revenue in Q2 2021 was $ 1,454,843 , an increase of $ 209,821 or 17 % ( 23 % on a constant currency basis ) compared to Q2 2020 . Net loss was $ 44,675 in Q2 2021 compared to net income of $ 507,696 in Q2 2020 . 2,572,948 4,232,223 2,505,470 9,310,641 1,075,899 647,023 2,420,581 26 % 2,639,083 28 % 1