#Vancouver #Wishpond #SalesCloser AI #ARR Growth

Wishpond Reports Q1-2025 Financial Results

On May 22, 2025, Wishpond Technologies Ltd. announced its financial performance for the first quarter of 2025 and the impressive results reflected a strategic shift in its business model. The highlight of the report was the extraordinary success of SalesCloser AI, Wishpond's artificial intelligence-driven sales agent, which achieved $1 million in Annual Recurring Revenue (ARR), marking it as the fastest-growing product among the company’s offerings. This underscores the increasing demand for AI-driven solutions in the sales sector, and echoes the broader trend of businesses increasingly leveraging technology to enhance efficiency in their operations.

Ali Tajskandar, the Founder and CEO of Wishpond, expressed significant satisfaction with the uptake of the SalesCloser AI in the market. He noted that the platform has rapidly onboarded over 150 customers and deployed more than 2,600 AI agents, further validating the critical need for sales automation technologies. According to Tajskandar, the technology enables businesses to streamline their sales processes, reduce operational costs, and ultimately improve conversion rates—essential components for success in today's competitive landscape.

The financial report reflects a quarterly revenue total of $4,089,641, a decrease from $6,050,263 the previous year. This decline is attributed to the company's strategic pivot away from lower-margin legacy customers and its focus on building a robust AI-enabled marketing and sales platform. Such a transformation required significant adjustments in internal operations, including a reduction in the sales team size, which ultimately impacted revenue figures in the short term. However, the company's management firmly believes that this strategic direction will pave the way for sustainable growth moving forward.

Moreover, in terms of gross profit, Wishpond recorded $2,725,725 during Q1-2025, down from $4,128,922 in Q1-2024, resulting in a gross margin of 67%. Additionally, the company faced a negative Adjusted EBITDA of $177,372 compared to a positive figure of $290,304 in the same quarter last year. Such figures exemplify the operational challenges associated with transitioning to higher-margin AI-enabled products, yet the management remains optimistic about future prospects for revenue generation and profitability, particularly in the second half of 2025.

The first quarter also witnessed notable technological advancements and business initiatives. Wishpond filed patent applications for innovative technologies integral to the SalesCloser platform, including **