Wishpond Technologies Ltd. Reports Q1 2025 Financial Results
VANCOUVER, BC, May 22, 2025 /CNW/ – Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the “Company” or “Wishpond”), a provider of AI-enabled marketing-focused online business solutions, announces it has filed its interim consolidated financial statements (the “Interim Financial Statements”) and management’s discussion and analysis (the “MD&A”) for Q1-2025, representing the three months ended March 31, 2025.
As reported by Wishpond Technologies Ltd., the Company achieved quarterly revenue of $4,089,641 during Q1-2025 (Q1-2024: $6,050,263). The decline in revenue can be attributed to the Company’s strategic transition of the business from selling digital marketing solutions for SMB’s to an AI enabled marketing and sales platform for all businesses.
According to Wishpond Technologies Ltd., Ali Tajskandar, Wishpond’s Founder and CEO commented, “We are encouraged by the increasing traction of our SalesCloser AI product in the first quarter of 2025. SalesCloser AI has achieved $1 million in ARR representing the fastest ARR growth among the Company’s products to date.”
The Company expects revenue growth in the second half of 2025, with such growth primarily driven by the growth of its SalesCloser AI (“SalesCloser”) platform, a virtual AI sales agent that can conduct sales calls and demos in multiple languages with minimal human intervention, as reported by Wishpond Technologies Ltd..
For 2025, Wishpond Technologies Ltd.’ focus is on profitable growth driven by an increase in the growth of its SalesCloser platform, a virtual AI sales agent that can conduct sales calls and demos in multiple languages with minimal human intervention.
The Wishpond Technologies Ltd. management is pleased to introduce the Company’s key goals for 2025:
* Accelerate organic revenue growth and increase Monthly Recurring Revenue (“MRR”).
* Increase utilization of SalesCloser in internal sales processes to drive sales of Wishpond’s own products.
* Accelerate revenue growth of SalesCloser to external customers.
* Improve margins, decrease churn and increase long-term customer value.
A Wishpond Technologies Ltd webinar conference call to discuss its year-end financial results will be hosted today at 10:00 AM (PT) / 1:00 PM (ET).
To register for the webinar, please visit the following URL: https://bit.ly/q1_wp
Selected Financial Highlights:
The tables below set out selected financial information relating to Wishpond Technologies Ltd and should be read in conjunction with the Interim Financial Statements and the MD&A, copies of which can be found under Wishpond Technologies Ltd‘s profile on SEDAR+ at www.sedarplus.ca.
Reconciliation to Adjusted EBITDA(1)
Footnotes:
(1) Adjusted EBITDA, ARR, and MRR are not financial measures recognized by International Financial Reporting Standards (“IFRS”), do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other entities. See “Cautionary Statements – Non-GAAP Financial Measures” for more information and definitions of each non-GAAP term used in this press release.
The Wishpond Technologies Ltd vision is to create a fully autonomous AI-enabled platform that streamlines the entire customer acquisition journey, from lead generation and engagement to deal closure, enabling businesses to scale cost-effectively while driving higher conversions.
The Company serves small-to-medium-sized businesses across various industries, providing a powerful yet cost-effective alternative to fragmented marketing solutions.
