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Paltalk(PALT) - 2025 Q2 - Quarterly Report
2025-08-12 20:16
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 ...
Paltalk(PALT) - 2025 Q2 - Quarterly Results
2025-08-12 20:10
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 ...
Paltalk(PALT) - 2025 Q1 - Quarterly Report
2025-05-14 20:15
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 ...
Paltalk(PALT) - 2025 Q1 - Quarterly Results
2025-05-14 20:10
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 ...
Paltalk(PALT) - 2024 Q4 - Annual Report
2025-03-24 20:15
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. ...
Paltalk(PALT) - 2024 Q4 - Annual Results
2025-03-24 20:10
Exhibit 99.1 Intelligent Protection Management Corp. Reports 2025 Business Objectives and Fourth Quarter and Full Year 2024 Results Refocused on Technology Service Of erings in the Cloud Infrastructure and Cybersecurity Sectors Jericho, NY – March 24, 2025 (ACCESS Newswire) -- Intelligent Protection Management Corp. ("IPM," the "Company," "we," "our" or "us") (NASDAQ: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced financial and operational re ...
Paltalk(PALT) - 2024 Q3 - Quarterly Report
2024-11-12 21:15
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].
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Paltalk, Inc. – PALT
GlobeNewswire News Room· 2024-11-06 21:01
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 ...
Paltalk Holdings Announces Judge Enters Final Judgment in Connection With Cisco Jury Verdict
GlobeNewswire News Room· 2024-10-11 12:00
Core Viewpoint - Paltalk, Inc. has received a favorable final judgment in its patent infringement lawsuit against Cisco Systems, resulting in a jury award of $65.7 million for the company [1][2][3]. Group 1: Lawsuit Details - The lawsuit was filed on July 23, 2021, by Paltalk Holdings, Inc., alleging that certain Cisco products infringed U.S. Patent No. 6,683,858 [2]. - The final judgment was signed by Judge Alan D. Albright and confirms the jury's award amount [3]. Group 2: Financial Implications - The exact amount Paltalk will receive from the award will be influenced by litigation-related expenses, including legal fees, with an estimate that the company may receive no more than one third of the gross proceeds [4]. Group 3: Patent Portfolio - Paltalk holds a total of 8 issued U.S. patents and intends to vigorously defend these patents [5].
NewtekOne: Undervalued On 6.5% Dividend Yield, Paltalk Equity, Rate Cut Euphoria
Seeking Alpha· 2024-09-23 20:08
I've been buying NewtekOne, Inc.'s (NASDAQ: NEWT ) common shares. These are trading at just under $12 per share, down 16% year-to-date. NEWT last declared a quarterly cash dividend of $0.19 per share , kept The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green e ...