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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].
Wishpond Advances IP Portfolio with Patent Filing for Self-Testing Technology
Prnewswire· 2025-08-21 10:00
Core Insights - Wishpond Technologies Ltd. has filed a non-provisional utility patent application for a technology called 'Self-Testing in a Virtual AI Representative', which enhances the reliability of AI interactions by allowing virtual agents to undergo rigorous pre-engagement simulations before interacting with users [1][6] - This marks the fourth patent application filed by the company, highlighting its commitment to innovation in AI-driven sales and marketing automation [1][6] - The Self-Testing technology is already being utilized with Wishpond's SalesCloser AI agent, improving the quality of sales interactions [3][6] Technology and Innovation - The Self-Testing feature enables virtual AI agents to simulate authentic user interactions using a 'Fake User', ensuring responses are accurate and contextually appropriate [2][4] - The technology involves comprehensive testing of the AI's text-based, visual, and auditory outputs, ensuring readiness for live interactions and enhancing customer experience [2][4] - Wishpond's strategic patent portfolio aims to make AI sales agents function more like humans, incorporating advanced language models and deep learning for natural voice synthesis [4][6] Competitive Positioning - The company is strengthening its competitive moat through innovations such as Enhanced State Manager for managing complex conversations and Human Takeover Technology for seamless AI-to-human transitions [4][6] - Wishpond's focus on developing dependable and efficient AI-driven solutions positions it as a prominent player in the AI-driven sales automation landscape [4][6] - The company serves small-to-medium-sized businesses with an all-in-one marketing suite that integrates various AI-driven tools, enhancing efficiency and customer satisfaction [7]