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Wishpond Technologies Ltd. (TSE:WISH)
:WISH
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2021
|% Change Since: 0.00%
|Next Earnings Date:Dec 16, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant strides in profitability and operational efficiency through the use of AI technologies, particularly SalesCloser AI. However, there was a notable decline in revenue due to the loss of a large legacy customer and a reduction in the sales team. While the company is optimistic about future growth and profitability, these challenges weigh on the overall sentiment.Company Guidance
In the Q3 2024 earnings call for Wishpond, the company provided guidance emphasizing a focus on profitability and growth despite a decline in quarterly revenue to $5.1 million, down from $5.8 million in the previous year. The company achieved an adjusted EBITDA of $571,000, marking a 79% improvement over the prior year, and an EBITDA margin exceeding 11%, highlighting significant cost management and operational efficiency. Wishpond also reported positive cash flow from operations of $178,000 for the quarter. They unveiled plans to drive 2025 growth through increased utilization of their SalesCloser AI platform, which has demonstrated higher monthly recurring revenue (MRR) potential compared to their current Propel IQ offering. SalesCloser, priced from $250 to $2,000 per month, is expected to significantly impact Wishpond's revenue mix, with expectations of a return to historic growth rates of over 30% annually. Looking ahead, the strategic focus includes expanding the sales team, leveraging AI for internal and external sales processes, and enhancing gross margins and customer retention.Improved Profitability and Cash Flow
Wishpond achieved adjusted EBITDA of $571,000 in Q3 2024, an improvement of 79% compared to Q3 2023. The company also reported an adjusted EBITDA margin exceeding 11%, marking its most profitable quarter since 2022.
Launch and Success of SalesCloser AI
SalesCloser AI was launched, featuring a virtual AI agent capable of conducting sales calls and demos in 10 languages. Initial customer feedback has been positive, with SalesCloser performing better than human agents in some metrics.
Strategic Partnership with Roomvu Technologies
Wishpond entered a partnership with Roomvu Technologies to leverage SalesCloser, enhancing lead follow-up and sales conversions for over 220,000 real estate agents.
Increased Internal Efficiency
Wishpond utilized SalesCloser internally, reducing the need for a large sales team and improving sales capacity and operational efficiency.
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TSE:WISH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:WISH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | C$0.33 | C$0.26 | -21.21% |
| Aug 21, 2024 | C$0.26 | C$0.34 | +30.77% |
| May 22, 2024 | C$0.53 | C$0.54 | +1.89% |
| Apr 18, 2024 | C$0.67 | C$0.60 | -10.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wishpond Technologies Ltd. (TSE:WISH) report earnings?
Wishpond Technologies Ltd. (TSE:WISH) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Wishpond Technologies Ltd. (TSE:WISH) earnings time?
Wishpond Technologies Ltd. (TSE:WISH) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:WISH EPS forecast?
Currently, no data Available
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