09:01 AM EDT, 05/22/2025 (MT Newswires) -- Wishpond Technologies ( WPNDF ) , a provider of marketing-focused online business solutions, on Thursday reported lower first-quarter gross profit and revenue.

For Q1, Wishpond ( WPNDF ) reported a gross profit of around $2.7 million, down from $4.1 million in the prior corresponding period. The company attributed the reduction in gross profit primarily to lower revenue in the quarter.

Quarterly revenue fell 32% to about $4.1 million from around $6.1 million a year earlier. The company stated that the revenue declined due to its strategic transition of the business from selling digital marketing solutions for SMB's(Small and Medium-sized Businesses) to an AI enabled marketing and sales platform for all businesses.

On outlook, for 2025 Wishpond ( WPNDF ) said it aims to grow profitably driven by an increase in the growth of its SalesCloser platform, a virtual AI sales agent that can conduct sales calls and demos in multiple languages with minimal human intervention. The company stated that among its key goals, it expects to accelerate organic revenue growth and increase monthly recurring revenue as well as to accelerate revenue growth of SalesCloser to external customers. The company also said it anticipates to increase utilization of SalesCloser in internal sales processes to drive sales of its own products.

"Over the past year, Wishpond ( WPNDF ) has made significant strides in transforming into an AI-driven company," said Wishpond's ( WPNDF ) Founder and Chief Executive Officer Ali Tajskandar. "We've evolved from offering marketing solutions primarily to SMBs, to developing a fully autonomous, AI-enabled marketing and sales platform designed for businesses of all sizes. This shift included the launch of our AI-integrated platform, the successful integration of SalesCloser into our internal sales processes, a strategic move away from lower-margin legacy customers, and a refocused sales strategy centered on our new AI agentic products. As a result, in our view, we have made meaningful investments in AI by dedicating time, capital, and resources to drive innovation."