Paltalk Q2 net income rises 50% to $0.8M; revenue up 1% to $3.4M; uplists to Nasdaq

INTELLIGENT PROTECTION MANAGEMENT CORP.

2021-Q2 EPS reported $0.25 revenue$6,787,805

Net income of $0.8M for Q2 2021, up 50% YoY; adjusted EBITDA $669k, up 12.6%.
Revenue $3.4M, up 1% YoY, led by technology service revenue increase of $0.1M.
Six-month 2021 revenue $6.8M (+11% YoY); net income $1.7M vs $0.1M in prior period.
Cash and equivalents $6.5M at June 30, 2021; no long-term debt; raised $3.5M net in public offering.
Uplisted to Nasdaq Capital Market on Aug 3, 2021 under ticker 'PALT'.

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