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Wishpond Appoints Jordan Gutierrez as Chief Executive Officer to Lead Next Phase of Execution
Prnewswire· 2026-03-27 10:00
<!doctype html> <!-- For structured data --> <!-- For language declaration --> Wishpond Appoints Jordan Gutierrez as Chief Executive Officer to Lead Next Phase of Execution <!-- Additional Authorable Meta tags --> Accessibility StatementSkip NavigationVANCOUVER, BC, March 27, 2026 /PRNewswire/ - Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the "Company" or "Wishpond"), a provider of AI-enabled marketing-focused online business solutions, is pleased to announce the appointment of Jordan Gutierrez ...
Wishpond Announces Closing of Sale of Viral Loops for $2.3 Million
Prnewswire· 2026-03-10 10:00
Core Viewpoint - Wishpond Technologies Ltd. has successfully completed the sale of its Viral Loops product to Emerge Commerce Ltd. for $2.3 million, which is aimed at strengthening its balance sheet and enhancing financial flexibility [1]. Financial Transaction Details - The total cash consideration for the sale of Viral Loops is $2,300,000, with $2,100,000 received at closing and the remaining $200,000 payable on the one-year anniversary of closing [1]. - Approximately $1.6 million of the proceeds will be used to repay the senior credit facility, significantly reducing the company's outstanding debt [1]. Strategic Implications - The divestiture of Viral Loops is not expected to materially impact Wishpond's core AI-enabled marketing and sales platform or its broader strategic initiatives [1]. - The company aims to reallocate capital towards its core AI-driven marketing platform, focusing on innovation and long-term growth [1]. Forbearance Agreement - In connection with the transaction, Wishpond has entered into a forbearance agreement with its senior lender, National Bank of Canada, which allows the lender to forbear from exercising certain rights under the credit facility until December 31, 2026, subject to customary conditions [1].
Wishpond Enters into Asset Purchase Agreement to Sell Viral Loops for $2.3 Million to Strengthen Balance Sheet
Prnewswire· 2026-02-19 11:00
Core Viewpoint - Wishpond Technologies Ltd. has entered into an asset purchase agreement to sell its Viral Loops product for $2.3 million, aiming to strengthen its balance sheet and reduce debt [1]. Financial Transaction - The total cash consideration for the sale of Viral Loops is $2,300,000, with $2,100,000 payable at closing and $200,000 on the one-year anniversary of the closing [1]. - The company expects to reduce its outstanding line of credit by approximately $1.4 million following the transaction, significantly lowering its current indebtedness [1]. Strategic Intent - The transaction reflects Wishpond's commitment to disciplined capital allocation and strengthening its balance sheet, allowing for reinvestment in its core AI-driven marketing and sales platform [1]. - The sale of Viral Loops is not expected to materially impact the company's core operations or broader strategic initiatives [1]. Company Overview - Wishpond is a Vancouver-based provider of AI-enabled marketing and sales solutions, focusing on creating a fully autonomous platform for customer acquisition [1]. - The company operates on a Software-as-a-Service (SaaS) model, generating most of its revenue from subscription-based recurring revenue, which ensures strong revenue predictability [1].
Wishpond Returns to Positive Adjusted EBITDA and Achieves Highest Gross Margins Since 2020
Prnewswire· 2025-11-26 11:00
Core Insights - The company has transitioned towards an AI-focused business model, achieving positive Adjusted EBITDA and the highest gross margin since 2020, indicating progress in profitability and operational efficiency [2][5][6] Financial Performance - In Q3 2025, the company reported revenue of $3,375,653, a decrease from $5,055,738 in Q3 2024, attributed to a strategic shift from lower-margin digital marketing solutions to AI-enabled platforms [6][14] - Gross profit for Q3 2025 was $2,400,784, down from $3,490,107 in Q3 2024, with a gross margin of 71%, up from 69% in the previous year, marking the highest margin since Q3 2020 [5][14] - The company achieved positive Adjusted EBITDA of $49,012 in Q3 2025, a decline from $571,228 in Q3 2024, primarily due to lower revenues and increased professional fees [5][14] Business Developments - The company has filed multiple patent applications to enhance its AI capabilities, including innovations in virtual AI agents and sales automation [9][12] - A proposed spin-off of the SalesCloser platform aims to improve focus and funding opportunities for both Wishpond and SalesCloser, potentially enhancing growth prospects [2][12] - The company secured a loan agreement for $200,000 to support working capital and liquidity, reflecting ongoing financial discipline [10] Strategic Focus - The company is concentrating on improving profitability, enhancing its core marketing technology platform, and advancing AI-focused solutions [11][12] - Key goals for 2025 include accelerating organic revenue growth, increasing Monthly Recurring Revenue (MRR), and improving customer value [16]
Wishpond Adds Three New Patent Applications to Expand AI Sales Automation Capabilities
Prnewswire· 2025-09-04 10:00
Core Viewpoint - Wishpond Technologies Ltd. has filed three new non-provisional utility patent applications to enhance its intellectual property portfolio in conversational AI and sales automation, marking a significant advancement for its SalesCloser AI platform [1][7]. Group 1: Patent Filings - The three new patent applications focus on conversational AI workflow building, adaptive voicemail/IVR detection, and real-time appointment scheduling, bringing the total number of patent applications to seven [7][8]. - The first filing introduces an embedded AI assistant for creating and managing AI voice agents through a conversational interface, making agent-building accessible to non-technical users [3]. - The second filing features technology that allows AI agents to detect whether outbound calls connect with a live person, voicemail, or IVR, improving outbound campaign efficiency [4]. - The third filing addresses appointment scheduling by enabling AI agents to connect directly to calendar systems for real-time booking, which shortens sales cycles and boosts conversion rates [5]. Group 2: Strategic Development - Wishpond is developing a strategic patent portfolio aimed at making AI sales agents function more like humans, with patents focusing on natural voice synthesis, managing complex conversations, and facilitating seamless AI-to-human transitions [6][9]. - The company's vision is to create a fully autonomous AI-enabled platform that streamlines the customer acquisition journey, enhancing efficiency and driving higher conversions [10]. - Wishpond's business model is based on Software-as-a-Service, generating revenue primarily from subscription-based recurring revenue, which ensures strong revenue predictability and cash flow visibility [10].
