Welcome to our dedicated page for Wishpond Technol news (Ticker: WPNDF), a resource for investors and traders seeking the latest updates and insights on Wishpond Technol stock.
Wishpond Technologies Ltd. (OTCQX: WPNDF, TSXV: WISH) is a Vancouver-based provider of AI-enabled marketing and sales solutions, and its news flow reflects this focus on artificial intelligence, SaaS metrics, and product development. Company updates frequently highlight the performance of its SalesCloser AI platform, a conversational AI-based virtual sales agent that conducts personalized sales calls and demos in multiple languages with minimal human intervention.
Investors following WPNDF news can expect regular coverage of quarterly and annual financial results, including revenue trends, gross margin performance, and Adjusted EBITDA. Management often links these results to a strategic transition away from lower-margin legacy email delivery customers toward higher-value, AI-enabled products such as SalesCloser AI, as well as to cost optimization initiatives and a leaner operating model.
Wishpond’s press releases also focus on AI innovation and intellectual property. The company has announced multiple non-provisional utility patent applications related to its virtual AI agents, including technologies for enhanced state management, human takeover, self-testing, conversational workflow building, voicemail and IVR detection, and AI-driven appointment scheduling. These updates provide insight into how Wishpond is building a patent portfolio around conversational AI and sales automation.
Another recurring theme in WPNDF news is strategic initiatives and partnerships. The company has disclosed a proposed spin-out of its SalesCloser business through a reverse takeover transaction with G2M Cap Corp., potential divestiture of certain Viral Loops assets, and collaboration agreements that extend the reach of its AI-powered platforms. Liquidity and credit facility developments, including forbearance arrangements and shareholder loans, are also discussed in its releases, offering context on financial flexibility and risk factors.
By monitoring this news page, readers can track Wishpond’s financial performance, AI product milestones, patent filings, strategic transactions, and management’s commentary on its transition toward an AI-focused marketing and sales platform.
Wishpond Technologies (OTCQX: WPNDF) has announced a collaboration agreement with Venops to market their AI-powered SalesCloser platform, rebranded as 'Provencis', to the medical industry. Venops, with its network of over 1,000 medical clinics, will leverage its healthcare compliance expertise to market Provencis while Wishpond provides the platform infrastructure and support.
Provencis is designed as a healthcare-focused AI solution offering multiple applications including virtual receptionist services, post-surgery follow-ups, and inbound sales operations. The platform aims to enhance patient care, reduce administrative burdens, and streamline sales processes in medical practices, surgical centers, and the medical device industry.
The solution integrates with electronic medical records and CRM systems, handles patient inquiries, manages appointments, and provides comprehensive patient education. This collaboration represents a strategic expansion of SalesCloser's reach into new verticals while combining Wishpond's AI technology with Venops' regulatory expertise.
Wishpond Technologies (TSXV: WISH) (OTCQX: WPNDF) has launched its SalesCloser AI White-Label Reseller Program, enabling businesses to brand and resell the Company's AI-powered sales solution as their own. The program allows complete customization of the AI sales demo experience, including logos, colors, fonts, and messaging.
The strategic initiative aims to expand SalesCloser's market reach without incurring direct customer acquisition costs. By enabling third-party businesses like marketing agencies, business consultants, and sales teams to resell the platform under their own brand, Wishpond expects to create new distribution channels and revenue streams.
According to CEO Ali Tajskandar, the program responds to strong market interest and is designed to accelerate adoption, strengthen customer retention, and enhance Wishpond's recurring revenue potential. The white-label solution can be seamlessly integrated into existing workflows, websites, sales platforms, and marketing materials.
Wishpond Technologies (TSXV: WISH, OTCQX: WPNDF) has filed a non-provisional utility patent application for its human takeover technology in AI call agents. The technology, already implemented in their SalesCloser AI product, enables seamless transition from AI to human operators during complex conversations using a secret word trigger.
The company emphasizes that its business remains unaffected by U.S.-Canada trade uncertainties due to its fully digital operations. Wishpond's position is further strengthened by strong demand for Canadian technology and favorable U.S. dollar exchange rates, as most of its products are USD-priced. The company operates across multiple markets including Canada, United States, UK, and Australia.
This marks Wishpond's third patent application, highlighting their commitment to AI innovation. The human takeover technology is particularly valuable in customer service and healthcare sectors, where communication sensitivity and accuracy are crucial.
Wishpond Technologies (TSXV: WISH, OTCQX: WPNDF) has released its fourth annual CEO letter, outlining its vision for 2025 centered on artificial intelligence. The company aims to create a fully autonomous AI-enabled marketing and sales platform that manages the entire customer acquisition journey.
The company's flagship product, SalesCloser, leverages generative AI for conducting personalized sales calls and product demos. Wishpond has filed three patent applications related to conversational AI and reports nine consecutive quarters of positive Adjusted EBITDA with positive cash flow from operations in the second half of 2024.
For 2025, Wishpond plans to reaccelerate growth by expanding its sales team and scaling SalesCloser adoption while maintaining strong margins and cash flow. The company is implementing a hybrid sales model combining AI agents with human expertise to enhance efficiency without increasing personnel costs.
Wishpond Technologies (TSXV: WISH, OTCQX: WPNDF) has filed a non-provisional utility patent for its enhanced state manager technology within SalesCloser AI virtual agents. This marks the company's second patent application related to SalesCloser.
The technology aims to improve complex conversations by dynamically adapting to real-time cues and maintaining context across interactions. The enhanced state manager utilizes both user-defined and system-defined states to deliver consistent and responsive experiences, particularly valuable in customer service and therapy sectors.
Additionally, the company announced the resignation of Nick Steeves, Vice President of Partnerships and former General Manager of PersistIQ subsidiary, effective January 16, 2025. Steeves, who joined in 2011, played a key role in integrating PersistIQ following its 2021 acquisition. Moving forward, Wishpond's senior leadership team will manage strategic partnerships.
Wishpond Technologies reported significant achievements for its Viral Loops Platform in 2024. The platform engaged over 3 million participants and generated over 1 million referrals year to date, launching nearly 7,000 campaigns. The company experienced substantial growth with a 40% increase in Customer Lifetime Value (LTV) and 25% increase in Average Revenue Per Account (ARPU) year over year. This growth is attributed to a strategic shift towards longer-term referral campaigns and new integrations, including Stripe, Sendoso, and Tremendous in Q3 2024. The platform's lifetime figures include over 130,000 campaigns, 57 million participants, and 29 million referrals.
Wishpond Technologies reported Q3-2024 financial results, achieving its highest Adjusted EBITDA since 2022 at $0.6 million, a 79% increase year-over-year. The company reached an 11% Adjusted EBITDA margin through cost optimizations and sales team restructuring. Revenue was $5.1 million, down from $5.8 million in Q3-2023, primarily due to reduced spending from a legacy email delivery customer. Gross margin improved to 69% from 66% year-over-year. The company launched SalesCloser AI, its new flagship virtual sales agent product, and announced a collaboration with Roomvu Technologies to enhance lead follow-up for real estate agents.
Wishpond Technologies (TSXV: WISH, OTCQX: WPNDF) has announced it will release its Third Quarter Financial Statements and management's discussion and analysis for the period ended September 30, 2024, on Wednesday, November 20, 2024. The company will host a conference call to discuss the results at 10:00 am PT (1:00 pm ET) on the same day. The call will be led by Chairman and CEO Ali Tajskandar and CFO Adrian Lim.
Wishpond Technologies has announced a collaboration between its AI-powered virtual sales agent platform SalesCloser.ai and Roomvu, a real estate marketing platform used by over 220,000 agents. The partnership aims to address the critical issue of lead follow-up in real estate, as Roomvu generated over 500,000 leads last year with minimal agent follow-through. SalesCloser will integrate with Roomvu's platform to provide automated outbound calling, 24/7 self-service booking, and AI-driven sales follow-ups, targeting improved lead conversion rates and enhanced client experience for real estate agents.
Wishpond Technologies (TSXV: WISH) (OTCQX: WPNDF) announces its participation in the 2024 Cantech Letter Investment Conference on October 9, 2024, in Toronto, Ontario. CEO Ali Tajskandar will deliver an investor presentation and engage in 1-on-1 meetings with investors.
Tajskandar will also participate in a keynote panel discussion titled 'Artificial Irrelevance? How Canadian Techs are Building Intelligence and Purpose into AI Solutions' at 8:30 a.m. in the Court Ballroom. The panel, moderated by Brady Fletcher, President of Roth Canada, will explore trends shaping the future of the Canadian innovation sector.
The CEO expressed enthusiasm about the conference, viewing it as an opportunity to strengthen connections within capital markets, enhance visibility, showcase achievements, and increase Wishpond's profile among investor communities. He looks forward to sharing Wishpond's story as a leading AI and digital marketing solutions company.
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