Vancouver, BC — November 26, 2025 — Leads & Copy — Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) has released its interim consolidated financial statements and management’s discussion and analysis for Q3 2025, showcasing a return to positive Adjusted EBITDA and the highest gross margin percentage since Q3 2020.
The provider of AI-enabled marketing-focused online business solutions generated $49,012 in Adjusted EBITDA, driven by successful cost optimization and a leaner operating model. The financial documents are available on SEDAR+.
Wishpond’s Founder and CEO, Ali Tajskandar, said Q3 marked an important step in the company’s transition into an AI-focused entity. He noted the positive Adjusted EBITDA and the highest gross margin percentage since 2020, which reflected progress in shifting the business toward more profitable revenue streams. Tajskandar believes SalesCloser is one of the most advanced AI sales platforms on the market.
Tajskandar added that the company strengthened its innovation pipeline with new patent application filings that advance the reliability, automation, and intelligence of its virtual AI agents. The proposed SalesCloser spin-off is a strategic move expected to allow both businesses to operate with greater focus, access dedicated funding, and reinvest more aggressively into the growth of Wishpond’s core marketing technology platform.
Wishpond’s Chief Financial Officer, Adrian Lim, reported a return to positive Adjusted EBITDA of $49,012, which was supported by cost reduction and efficiency measures implemented earlier in the year. The company also achieved 71% gross margins, the strongest margin performance in five years. These results reflect the shift to a leaner operating model and the continued shift toward a more profitable business, Lim said.
Lim added that the company remained focused on liquidity and financial discipline during the quarter and subsequent to quarter-end, which included securing additional shareholder funding and working closely with its lender on the extension of its forbearance period. He believes that improved margins, a lower cost structure, and ongoing liquidity initiatives provide a stronger financial foundation as the company works towards achieving sustained growth and profitability.
Additional highlights from the third quarter of 2025 include:
Quarterly revenue reached $3,375,653, which is a decline from Q3 2024’s $5,055,738. The company attributes this to a strategic transition from selling digital marketing solutions for small and medium-sized businesses to an AI-enabled marketing and sales platform for all businesses.
Gross profit was $2,400,784, which is a drop from $3,490,107 in the previous year. The company attributed the decrease to lower revenue in the quarter.
The gross margin percentage was 71%, the highest since Q3 2020, which is a slight increase from the 69% reported in Q3 2024.
On August 21, 2025, the company announced it had filed a non-provisional utility patent application, entitled ‘Self-Testing in a Virtual AI Representative’ that enables a virtual AI agent to undergo pre-engagement simulations before interacting with real users. It was Wishpond’s fourth patent application filing.
On August 26, 2025, the company successfully renewed its revolving operating line with National Bank of Canada with a maximum limit of $5 million. The lender provided a cure period through October 25, 2025, after non-compliance with an existing covenant at the renewal date.
On September 4, 2025, the company announced it had filed three new non-provisional utility patent applications in connection with its AI-enabled sales platform, SalesCloser. The three patents were for:
A Conversational AI Assistant for Dynamic Agent Sequence Building
Adaptive Voicemail and IVR Detection for AI-Driven Call Automation
An AI-Driven Conversational Appointment Scheduling System
Subsequent to the end of Q3, the company announced the following highlights:
On November 4, 2025, the Company entered into a non-binding letter of intent with G2M Cap Corp. and 1560320 B.C. Ltd. regarding a proposed reverse takeover transaction. The company would receive 22,750,000 shares in the capital of the Resulting Issuer at a deemed value of $0.75 per Resulting Issuer Share.
On November 21, 2025, the company signed a non-binding letter of intent with an arm’s-length third party regarding a potential sale of certain assets of the Viral Loops business.
On November 24, 2025, the company received confirmation from its senior lender of its intention to extend the existing forbearance period and covenant cure timeline to the end of December 2026.
On November 25, 2025, the company entered into a loan agreement with Malek Holdings Ltd. for proceeds of $200,000. The loan is unsecured and bears interest at Canadian prime rate plus 2.0% per annum, with a maturity date of 12 months from the effective date of the Loan.
Malek Holdings Ltd. is a significant shareholder of the company.
Management’s key goals for 2025 are as follows:
Accelerate organic revenue growth and increase Monthly Recurring Revenue.
Increase utilization of SalesCloser in internal sales processes to drive sales of Wishpond’s own products.
Accelerate revenue growth of Wishpond and SalesCloser to external customers.
Improve margins, decrease churn and increase long-term customer value.
Contact:
Ali Tajskandar
Chairman and Chief Executive Officer
Source: Wishpond Technologies Ltd.
