Wishpond Technologies (WISH) Q1 2026 earnings summary

Executive summary

• Completed divestiture of Viral Loops for $2.3 million and spin-out of SalesCloser, simplifying operations and focusing on core marketing technology platform.

• Retained 63.3% controlling interest in SalesCloser Technologies Ltd., providing continued exposure to its growth.

• Appointed Jordan Gutierrez as CEO, with Ali Tajskandar moving to lead SalesCloser.

Financial highlights

• Q1 2026 revenue was $2,765,018, down from $4,089,641 in Q1 2025, mainly due to Viral Loops divestiture and lower sales capacity.

• Gross profit was $1,852,135 (Q1 2025: $2,725,725), with gross margin steady at 67%.

• Net loss before income taxes was $5,141,969 (Q1 2025: $640,450), including $3.87 million in non-cash, non-recurring items from the SalesCloser transaction.

• Adjusted EBITDA was negative $792,469 (Q1 2025: negative $177,372); excluding SalesCloser, core Adjusted EBITDA was positive $28,203.

• $1.6 million of Viral Loops proceeds used to reduce credit facility to $942,670 as of March 31, 2026 (from $2,554,931 at Dec 31, 2025).

Outlook and guidance

• Focus for 2026 is on strengthening the core marketing suite, improving efficiency, and enhancing financial flexibility.

• Management aims to strengthen organic revenue, improve margins, reduce churn, and improve liquidity.

• Continued development of AI-enabled capabilities and disciplined cost management are priorities.