UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-38717 INTELLIGENT PROTECTION MANAGEMENT CORP. (Exact name of registrant as specified in its charter) | Delaware | 20- ...

Exhibit 99.1 Jason Katz, Chairman and Chief Executive Officer of IPM, said, "Since the completion of the acquisition of NTS on January 2, 2025, we are three quarters into our integration of NTS's business into our operations, and we are making great progress. From an operating perspective, the third quarter for IPM was very good. Total revenues for Q3 2025 increased 9% to $6.2 million, from $5.7 million in Q2 2025, and although net loss increased slightly by 3% over the prior quarter, we saw a 31% improveme ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-38717 INTELLIGENT PROTECTION MANAGEMENT CORP. (Exact name of registrant as specified in its charter) | Delaware | 20-31918 ...

Exhibit 99.1 Intelligent Protection Management Corp. Reports Second Quarter 2025 Financial Results ● We were selected by Hewlett Packard Enterprise to be an accredited partner for its HPE Private Cloud AI solution. ● We initiated a collaboration with IT Ally, a trusted business and technology services provider focused on lower middle- market private equity firms and their portfolio companies. ● During the quarter, our Board of Directors approved a stock repurchase plan for up to $400,000 of our outstanding ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-38717 INTELLIGENT PROTECTION MANAGEMENT CORP. (Exact name of registrant as specified in its charter) | Delaware | 20-3191 ...

Exhibit 99.1 Intelligent Protection Management Corp. Reports First Quarter 2025 Financial Results Reflecting Transition to Managed Technology Solutions Provider Focused on Cybersecurity and Cloud Infrastructure $5.5 Million Revenue for First Quarter 2025; Cash Balance of $9.7 Million at March 31, 2025 Jericho, NY – May 14, 2025 – (ACCESS Newswire) – Intelligent Protection Management Corp. ("IPM," the "Company," "we," "our" or "us") (Nasdaq: IPM), a managed technology solutions provider focused on cybersecur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-38717 INTELLIGENT PROTECTION MANAGEMENT CORP. (Exact name of registrant as specified in its charter) | Delaware | 20-3191847 | | --- | --- | | (State or other jurisdiction of | (I.R.S. ...

Business Overview and Strategic Transformation [Corporate Actions and Strategic Refocus](index=1&type=section&id=Corporate%20Actions%20and%20Strategic%20Refocus) IPM completed a strategic transformation in January 2025 by acquiring NTS and divesting applications, refocusing on cybersecurity and cloud infrastructure solutions - Completed the acquisition of Newtek Technology Solutions, Inc. (NTS) in January 2025[2](index=2&type=chunk) - Simultaneously sold its 'Paltalk', 'Camfrog', and 'Vumber' applications and related assets[2](index=2&type=chunk) - The company's new business focus is on server hosting, cloud hosting, data storage, managed security, and backup/disaster recovery services[3](index=3&type=chunk) [Management Commentary](index=3&type=section&id=Management%20Commentary) CEO Jason Katz expressed optimism about the company's strategic shift to cloud and cybersecurity, anticipating growth from new partnerships and M&A - The acquisition of NTS and divestiture of communication platforms officially moves the company into the cloud infrastructure and cybersecurity sectors[7](index=7&type=chunk) - A new referral arrangement with NewtekOne is expected to be a significant source of new customers[7](index=7&type=chunk) - The company sees ample merger and acquisition (M&A) opportunities to further scale growth in the technology sector[7](index=7&type=chunk) Financial Performance [Fourth Quarter 2024 Financial Highlights](index=1&type=section&id=Fourth%20Quarter%202024%20Financial%20Highlights) Q4 2024 revenue from continuing operations rose 9.1% to $0.3 million, but net loss significantly widened to $5.5 million due to impairment Q4 2024 vs Q4 2023 Financial Results (in thousands) | Metric | Q4 2024 | Q4 2023 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue from continuing operations | $280 | $256 | +9.1% | | Net loss from continuing operations | $(1,415) | $(585) | +141.8% | | (Loss) income from discontinued operations | $(4,075) | $302 | -1448.5% | | **Net loss** | **$(5,491)** | **$(283)** | **+1839.5%** | | Adjusted EBITDA loss | $(1,549) | $(223) | +593.9% | - The increase in net loss from continuing operations was driven by $0.6 million in professional fees and increased compensation expenses related to the NTS acquisition and asset sale[4](index=4&type=chunk) - Loss from discontinued operations included a one-time impairment loss of $3.8 million on the divested assets (Paltalk, Camfrog, Vumber)[6](index=6&type=chunk) [Full Year 2024 Financial Highlights](index=2&type=section&id=Full%20Year%202024%20Financial%20Highlights) Full year 2024 revenue from continuing operations grew 14% to $1.1 million, but net loss expanded to $8.4 million due to impairment Full Year 2024 vs 2023 Financial Results (in thousands) | Metric | FY 2024 | FY 2023 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue from continuing operations | $1,098 | $962 | +14.2% | | Net loss from continuing operations | $(4,269) | $(2,687) | +194.6% | | (Loss) income from discontinued operations | $(4,157) | $1,620 | -356.7% | | **Net loss** | **$(8,426)** | **$(1,067)** | **+689.5%** | | Adjusted EBITDA loss | $(4,432) | $(1,013) | +337.5% | - The company ended 2024 with **$10.6 million in cash** and no long-term debt on its balance sheet[6](index=6&type=chunk) - Total revenue, including discontinued operations, decreased by **17% to $9.1 million** from $10.9 million in 2023, mainly due to lower subscription and virtual gift revenue from the divested Paltalk and Camfrog applications[6](index=6&type=chunk) [Balance Sheet and Cash Flow Analysis](index=7&type=section&id=Balance%20Sheet%20and%20Cash%20Flow%20Analysis) As of Dec 31, 2024, total assets decreased to $15.9 million, with cash at $10.6 million; net cash used in operations rose to $3.0 million Key Balance Sheet Items (as of Dec 31, in millions) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $10.6 | $13.6 | | Total current assets | $11.2 | $14.8 | | Total assets | $15.9 | $23.9 | | Total current liabilities | $3.5 | $3.1 | | Total liabilities | $4.0 | $3.8 | | Total stockholders' equity | $11.9 | $20.1 | Key Cash Flow Items (Year Ended Dec 31, in millions) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(3.0) | $(1.1) | | Net cash used in investing activities | $0.0 | $(0.085) | | Net cash provided by (used in) financing activities | $0.04 | $(0.007) | Future Outlook and Other Developments [2025 Business Objectives](index=2&type=section&id=2025%20Business%20Objectives) IPM's 2025 objectives include integrating IT solutions, incorporating ManyCam, optimizing cross-selling, exploring M&A, and defending IP - Key business objectives for 2025 include: * Continuing the integration of IT-related solutions * Incorporating ManyCam as an offering for new customers and optimizing cross-selling * Exploring strategic opportunities, including potential mergers or acquisitions * Continuing to defend the company's intellectual property[6](index=6&type=chunk) [Patent Litigation Update](index=3&type=section&id=Patent%20Litigation%20Update) A jury awarded IPM's subsidiary $65.7 million in a patent lawsuit against Cisco, with net proceeds estimated at one-third after fees - A jury awarded the company **$65.7 million** in a patent infringement lawsuit against Cisco Systems, Inc[9](index=9&type=chunk) - The company estimates it will receive no more than **one-third of the gross proceeds** after deducting litigation expenses and legal fees[10](index=10&type=chunk) - No gain contingency related to the award has been recorded in the financial statements[10](index=10&type=chunk) [Potential Earn-Out from Divestiture](index=4&type=section&id=Potential%20Earn-Out%20from%20Divestiture) IPM is eligible for future earn-out payments from the divestiture of its applications, contingent on revenue generated through 2028 - IPM is eligible for earn-out payments based on cash revenue from the assets sold to Meteor Mobile Holdings, Inc[12](index=12&type=chunk) - The earn-out is structured across **four periods**, from July 1, 2025, to December 31, 2028[13](index=13&type=chunk)[15](index=15&type=chunk) - Payments are calculated as a percentage (**30% or 40%**) of revenue generated above specified thresholds during each period[15](index=15&type=chunk) Financial Statements and Non-GAAP Reconciliation [Reconciliation of GAAP to Non-GAAP Financial Measures](index=6&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) Adjusted EBITDA, a non-GAAP measure, reconciles net loss by excluding non-cash and one-time items to assess operational performance - Adjusted EBITDA is a non-GAAP measure defined as net loss excluding stock-based compensation, depreciation, amortization, impairment loss, net interest income, other income, and taxes[23](index=23&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | | Q4 2024 | Q4 2023 | FY 2024 | FY 2023 | | :--- | :--- | :--- | :--- | :--- | | **Net loss** | **$(5,491)** | **$(283)** | **$(8,426)** | **$(1,067)** | | Stock-based compensation | $27 | $65 | $151 | $235 | | Depreciation and amortization | $205 | $206 | $822 | $822 | | Impairment loss | $3,850 | $0 | $3,850 | $0 | | Interest income, net | $(115) | $(177) | $(569) | $(640) | | Other income, net | $0 | $0 | $(146) | $(343) | | Income tax benefit | $(25) | $(34) | $(113) | $(20) | | **Adjusted EBITDA** | **$(1,549)** | **$(223)** | **$(4,432)** | **$(1,013)** | [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) This section presents IPM's detailed consolidated financial statements, including Balance Sheets, Statements of Operations, and Cash Flows for 2023-2024 - The report includes the full Consolidated Balance Sheets as of December 31, 2024 and 2023[27](index=27&type=chunk) - The report includes the full Consolidated Statements of Operations for the years ended December 31, 2024 and 2023[29](index=29&type=chunk) - The report includes the full Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023[31](index=31&type=chunk)

Financial Performance - Total revenues for the three months ended September 30, 2024, were $2,121,234, a decrease of 23.4% compared to $2,767,939 for the same period in 2023[11]. - Subscription revenue for the nine months ended September 30, 2024, was $6,649,206, down 17.6% from $8,063,992 in the prior year[11]. - Net loss for the three months ended September 30, 2024, was $1,509,250, compared to a net loss of $181,576 for the same period in 2023, representing an increase in loss of 730.5%[11]. - For the three months ended September 30, 2024, the net loss was $2,935,708, compared to a net loss of $784,245 for the same period in 2023, representing an increase in net loss of approximately 273%[13]. - Total revenue decreased by 23.4% to $2,121,234 for the three months ended September 30, 2024, and by 16.2% to $6,943,589 for the nine months ended September 30, 2024, compared to the same periods in 2023[105]. - Net loss increased by 731.2% to $1,509,250 for the three months ended September 30, 2024, and by 274.3% to $2,935,708 for the nine months ended September 30, 2024, compared to the same periods in 2023[105]. Assets and Liabilities - Total current assets decreased to $13,153,581 as of September 30, 2024, from $14,765,599 as of December 31, 2023, a decline of 10.9%[10]. - Total liabilities increased to $4,313,920 as of September 30, 2024, compared to $3,752,581 as of December 31, 2023, an increase of 14.9%[10]. - Cash and cash equivalents decreased to $12,056,085 as of September 30, 2024, from $13,568,049 as of December 31, 2023, a decline of 11.1%[10]. - Accumulated deficit increased to $(17,820,276) as of September 30, 2024, from $(14,884,568) as of December 31, 2023, reflecting a deterioration of 19.6%[10]. Mergers and Acquisitions - The Company entered into a merger agreement to acquire Newtek Technology Solutions, Inc. for a total consideration of $4,000,000 in cash and 4,000,000 shares of preferred stock[18]. - The merger agreement includes an earn-out provision of up to $5,000,000 based on achieving certain cumulative average Adjusted EBITDA thresholds for the fiscal years 2025 and 2026[18]. - The company is required to divest its Paltalk, Camfrog, and Tinychat applications as a condition for the merger closing[20]. - The company entered into a Divestiture Agreement on November 7, 2024, to sell its telecommunications services provider "Vumber" and related applications for aggregate consideration of $1.35 million[71]. - Following the merger, Newtek is expected to own 30.2% of the company's common or common-equivalent equity on a fully diluted basis[89]. - The closing of the mergers is subject to customary conditions, including stockholder approval and the absence of any material adverse effects[90][91]. Revenue Streams - Virtual gift revenue decreased to $647,779 for the three months ended September 30, 2024, compared to $1,110,396 for the same period in 2023, representing a decline of approximately 42%[34]. - Subscription revenue for the nine months ended September 30, 2024, was recognized at $1,525,120 from deferred subscription revenue of $2,043,362 as of December 31, 2023[33]. - Advertising revenue decreased by $6,696, or 7.1%, attributed to a decrease in advertising impressions related to third-party advertising partners[129]. - Subscription revenue decreased by $640,009, or 23.9%, primarily due to a decline in virtual gift revenue by $463,000[128]. Expenses - Total costs and expenses increased by $651,413, or 20.6%, reaching $3,808,768 for the three months ended September 30, 2024[130]. - General and administrative expenses surged by $709,710, or 76.6%, primarily due to increased professional and legal fees related to upcoming mergers[137]. - For the nine months ended September 30, 2024, total costs and expenses increased by $703,283, or 7.1%, to $10,567,374 compared to $9,864,091 for the same period in 2023[148]. - The company expects general and administrative expenses to continue increasing in future periods due to ongoing merger-related activities[137]. Cash Flow and Liquidity - Net cash used in operating activities for the three months ended September 30, 2024, was $1,551,736, an increase from $980,720 in the same period of 2023[13]. - As of September 30, 2024, the company had $12,056,085 in cash and cash equivalents, indicating sufficient liquidity to meet financial obligations for the next year[156]. Market and Economic Factors - The Company’s results may be negatively impacted by macro-economic factors, including inflation and economic uncertainty, affecting customer engagement and spending[23]. - Macro-economic factors, including inflation and economic uncertainty, have negatively impacted the company's operations and may continue to do so[104]. Future Outlook - The company aims to enhance its advertising revenue by 40% through targeted marketing strategies in the upcoming year[204]. - The management provided an optimistic outlook, projecting a revenue increase of 20% for the next fiscal year[204]. - The company is exploring potential acquisition opportunities to bolster its technology capabilities and market reach[204].

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Paltalk, Inc. (Nasdaq: PALT), relating to its proposed merger with Newtek Technology Solutions, Inc. Under the terms of the agreement, Paltalk has agreed to pay Newtek an amount in cash e ...