Wishpond Technologies (WISH) AI Stock Analysis

• Market Cap: C$7.14M
• Dividend Yield: N/A
• Average Volume (3M): 42.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -31.03%
• EPS Growth: -67.36%
• Country: CA
• Employees: 230
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.01
• Shares Outstanding: 54,951,150
• 10 Day Avg. Volume: 27,263
• 30 Day Avg. Volume: 42,660
• PEG Ratio: 0.38
• Price to Book (P/B): 2.02
• Price to Sales (P/S): 0.83
• P/FCF Ratio: -36.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.50
• Price Target Upside: 284.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$0.13 ▼(-0.77% Downside)

Wishpond Technologies faces significant financial challenges with declining revenues and profitability issues, which are the most impactful factors on the score. Technical analysis shows mixed signals, while valuation metrics highlight risks due to negative earnings. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Recurring SaaS subscription model

A subscription, tiered-pricing SaaS model provides durable recurring revenue, predictable cash inflows, and upsell opportunities. This supports customer lifetime value and scalability, allowing steady revenue base even if new-sales slow and enabling focus on retention and product expansion.

High gross profit margin

A ~66% gross margin indicates efficient delivery of software services and strong unit economics. High gross margins give headroom to cover fixed R&D and SG&A spending, support sustained investment in product development, and improve chances of returning to profitability as revenue stabilizes.

Moderate leverage and stable capital structure

Low debt relative to equity and a >57% equity ratio provide financial flexibility and lower refinancing risk. Manageable leverage helps the company withstand cyclical revenue pressure, preserves borrowing capacity for strategic investments, and reduces solvency risk over the medium term.

Negative Factors

Declining revenue trends

Sustained revenue decline undermines scale benefits of a SaaS business, compresses operating leverage, and limits reinvestment capacity. Without consistent top-line recovery, fixed-cost absorption worsens, hindering margin recovery and slowing product and sales investments needed to regain growth.

Negative profitability metrics

Negative EBIT and net margins indicate the business is burning cash at the operational level, reducing retained earnings and investor reinvestment capability. Persistent losses also pressure returns metrics (ROE negative), constrain strategic options, and may force cost cuts that impair long-term growth.

Operating cash flow weakness

Negative operating cash flow signals core cash generation shortfalls, creating reliance on financing to fund operations or growth. Even with free cash flow to net income >1, negative opex cash flow raises liquidity risk, limits margin recovery investments, and pressures financial flexibility over months.

Wishpond Technologies Business Overview & Revenue Model

Company Description

Wishpond Technologies Ltd. engages in the provision of technological digital marketing solutions for businesses in the United States, Canada, and internationally. The company provides a platform that provides companies with marketing, promotion, lead generation, sales automation, ad management, referral marketing, and sales conversion capabilities. It also offers proprietary cloud-based software for lead generation, marketing automation, and analytics, including landing pages, social promotions, website pop-ups, online forms, lead activity tracking, and email marketing; and a range of integrated marketing services, such as campaign design and management, online advertising, search engine optimization, landing page design, and others. The company serves small-to-medium sized businesses in various industries, such as e-commerce, marketing agencies, beauty, fitness, and design; and blue-chip companies. Wishpond Technologies Ltd. is headquartered in Vancouver, Canada.

How the Company Makes Money

Wishpond generates revenue primarily through subscription fees for its software services. The company operates on a tiered pricing model, offering various plans that cater to different business needs and budgets. Additionally, Wishpond earns income through add-ons and premium features, such as advanced analytics, custom branding, and additional marketing tools. Significant partnerships with other technology and marketing firms also contribute to its revenue, allowing Wishpond to expand its service offerings and reach a broader customer base. The company further benefits from upselling existing customers on higher-tier plans and additional services.

Wishpond Technologies Financial Statement Overview

Summary

Wishpond Technologies is experiencing financial difficulties with declining revenue and profitability challenges. Despite a strong gross profit margin and a stable balance sheet with moderate leverage, cash flow issues persist, necessitating improvements in revenue growth and profitability.

Income Statement

Wishpond Technologies has faced challenges with declining revenue, as indicated by a negative revenue growth rate of -9.58% TTM. The company also struggles with profitability, evidenced by a negative net profit margin of -9.33% and an EBIT margin of -8.39%. Despite these challenges, the gross profit margin remains relatively strong at 65.74%, suggesting efficient cost management at the gross level.

Balance Sheet

The balance sheet shows moderate leverage with a debt-to-equity ratio of 0.32, indicating manageable debt levels. However, the return on equity is negative at -19.51%, reflecting ongoing profitability issues. The equity ratio stands at 57.21%, suggesting a stable capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis reveals a challenging situation with negative operating cash flow and free cash flow. The free cash flow to net income ratio is 1.87, indicating that free cash flow exceeds net income, which is a positive sign. However, the operating cash flow to net income ratio is negative, highlighting cash flow difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.86M	21.62M	23.09M	20.48M	14.76M	7.88M
Gross Profit	10.02M	14.77M	15.19M	13.56M	9.98M	5.23M
EBITDA	-347.84K	985.84K	-233.29K	-1.04M	-3.91M	-1.79M
Net Income	-2.19M	-828.99K	-1.89M	-1.75M	-4.89M	-2.22M
Balance Sheet
Total Assets	12.05M	13.77M	14.47M	16.28M	16.79M	9.09M
Cash, Cash Equivalents and Short-Term Investments	501.01K	1.13M	1.42M	2.96M	6.41M	7.31M
Total Debt	2.53M	1.30M	994.66K	0.00	0.00	344.29K
Total Liabilities	5.15M	4.93M	5.15M	5.69M	7.12M	5.03M
Stockholders Equity	6.89M	8.84M	9.32M	10.59M	9.67M	4.06M
Cash Flow
Free Cash Flow	-1.50M	-490.65K	-1.58M	-298.74K	-2.45M	2.90M
Operating Cash Flow	-1.08M	519.38K	-287.00K	1.04M	-1.55M	3.19M
Investing Cash Flow	-804.68K	-1.11M	-1.99M	-4.47M	-6.27M	-286.12K
Financing Cash Flow	1.31M	291.73K	984.26K	-107.06K	6.74M	4.11M

Wishpond Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WISH, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.10 is Neutral, neither overbought nor oversold. The STOCH value of 31.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WISH.

Wishpond Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RSS	51 Neutral	C$34.82M	-110.71	―	―	104.32%	70.63%
WISH	48 Neutral	C$7.14M	-3.50	-27.39%	―	-31.03%	-67.36%
ADCO	47 Neutral	C$9.11M	-17.61	-4.97%	―	7.41%	55.10%
MBO	45 Neutral	C$2.29M	―	―	―	155678.40%	-1772.63%
VSBY	41 Neutral	C$4.43M	-0.39	―	―	―	―
NTAR	41 Neutral	C$35.46M	-6.05	―	―	-59.22%	83.08%

Wishpond Technologies Corporate Events

Wishpond to Spin Out SalesCloser in Reverse Takeover with G2M Cap

G2M Cap Corp., Wishpond Technologies and SalesCloser Technologies have signed a definitive master agreement under which Wishpond’s rapidly growing SalesCloser business will be spun out and combined with G2M through a reverse takeover to create a new publicly listed company on the TSX Venture Exchange, with Wishpond expected to retain about 68% ownership. The move is aimed at unlocking shareholder value and sharpening strategic focus: Wishpond plans to concentrate on enhancing its core AI marketing platform and improving cash flow, while SalesCloser, as a standalone public entity, is expected to gain better access to capital, resources and dedicated leadership to accelerate product development and market adoption in the conversational AI sales space, reinforcing both firms’ positions in the AI-driven sales and marketing ecosystem.

The most recent analyst rating on (TSE:WISH) stock is a Hold with a C$0.15 price target. To see the full list of analyst forecasts on Wishpond Technologies stock, see the TSE:WISH Stock Forecast page.

Wishpond and Partners Secure $1.5M for SalesCloser’s AI Expansion

Wishpond Technologies, along with G2M Cap Corp and SalesCloser Technologies, announced the closing of a $1.5 million bridge financing to support the growth of SalesCloser and its expansion in AI sales and marketing. The financing will fund product development, market expansion, and transaction-related expenses. SalesCloser aims to become a leader in the conversational AI space, and the public listing transaction with G2M Capital is expected to enhance its access to funding and resources, facilitating accelerated product development and market adoption.

The most recent analyst rating on (TSE:WISH) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Wishpond Technologies stock, see the TSE:WISH Stock Forecast page.

Wishpond Technologies Achieves Positive Adjusted EBITDA and Record Gross Margins in Q3 2025

Wishpond Technologies announced a return to positive Adjusted EBITDA and achieved its highest gross margins since 2020 in Q3 2025, driven by cost optimization and a leaner operating model. Despite a decline in revenue due to strategic business transitions, the company reported a gross margin of 71%, reflecting improved product mix and operational efficiencies. The company is focusing on AI-driven products like SalesCloser and strengthening its innovation pipeline with new patent applications. The proposed spin-off of SalesCloser aims to allow both businesses to operate with greater focus and reinvest more aggressively into growth.

Wishpond Technologies to Spin Out SalesCloser for Focused Growth

Wishpond Technologies has announced a strategic move to spin out its SalesCloser business into a separate publicly listed company. This decision is expected to allow Wishpond to focus on its core marketing technology platform and improve financial performance, while SalesCloser, with its advanced conversational AI platform, will gain access to resources needed for accelerated growth and market leadership in the conversational AI space.