earnings
confidence high
sentiment neutral
materiality 0.60
Paltalk reports Q3 revenue $3.4M (+2% YoY), net loss $0.4M; cash over $21M after offering
INTELLIGENT PROTECTION MANAGEMENT CORP.
2021-Q3 EPS reported
$0.18
revenue$10,165,452
- Revenue increased 2% to $3.4M, driven by subscription revenue of $3.15M.
- Net loss of $0.4M vs net income of $0.7M in Q3 2020; included $0.6M impairment on digital tokens.
- Adjusted EBITDA of $0.3M, down from $0.7M; sixth consecutive quarter of positive adjusted EBITDA.
- Cash and equivalents $10.7M at Sept 30; subsequent October capital raise of ~$11.6M gross brings cash >$21M.
- No long-term debt; company plans to use cash for organic growth and potential acquisitions.