earnings
confidence high
sentiment negative
materiality 0.70
Paltalk Q1 revenue down 13% to $2.9M; net loss $0.7M vs prior-year profit
INTELLIGENT PROTECTION MANAGEMENT CORP.
2022-Q1 EPS reported
-$0.08
revenue$2,926,701
- Subscription revenue fell 9% to $2.8M; advertising revenue up 5% to $0.1M.
- Net loss per share of ($0.08) compared to net income per share of $0.13 in Q1 2021.
- Adjusted EBITDA turned negative at ($0.5M) vs positive $0.5M a year ago.
- Cash balance $20.4M at quarter end; no long-term debt.
- Board authorized $1.75M stock repurchase plan effective March 29, 2022 for one year.