07:45 AM EDT, 08/21/2024 (MT Newswires) -- Wishpond Technologies ( WPNDF ) on Wednesday said its second-quarter net loss narrowed on slightly higher revenue.

The company, which provides marketing-focused online business services, said the net loss fell to $120,000 from $650,000 the year before, mainly due to lower sales and marketing expenses.

Revenue rose 3% to $5.8 million, boosted by organic growth from stronger product demand and new product introductions.

Wishpond ( WPNDF ) also launched its flagship product SalesCloser AI during the second quarter, a virtual sales agent using artificial intelligence to conduct sales calls and product demos.

"In the short time since launch, we have already seen SalesCloser's impact across multiple industries and use cases. As we roll out the platform more broadly, we expect SalesCloser to be a key contributor in driving new growth to our business in 2025," said CEO Ali Tajskandar.