Paltalk Q2 revenue down 23% to $2.6M; net loss $1.1M vs profit a year ago

INTELLIGENT PROTECTION MANAGEMENT CORP.

2022-Q2 EPS reported -$0.19 revenue$5,571,169

Revenue $2.6M (down 23% YoY); subscription revenue $2.6M (down 18% YoY).
Net loss of $1.1M ($0.12 loss per share) vs net income of $0.8M ($0.12 per share) in Q2 2021.
Adjusted EBITDA loss of $0.9M versus income of $0.7M in prior-year quarter.
Cash balance $16.9M, no long-term debt; $2.9M used for ManyCam asset acquisition.
Engaged Roth Capital for M&A; repurchased 110k shares; patent suit vs Cisco Webex ongoing.

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