Paltalk Q3 revenue down 22% to $2.6M; net loss widens 157% to $1.1M; cash $15.5M

INTELLIGENT PROTECTION MANAGEMENT CORP.

2022-Q3 EPS reported -$0.30 revenue$8,194,636

Q3 revenue $2.6M, down 22% YoY; subscription revenue down 19% and advertising down 44%.
Net loss $1.1M ($0.11 EPS) vs $0.4M prior year; Adjusted EBITDA loss $0.8M vs income $0.3M.
Cash $15.5M at quarter end, no long-term debt; repurchased 207k shares at avg $1.73 in Q3.
Recorded $150k liability for ManyCam earn-out (likely gross sales $600–700k); integration progress.
Patent lawsuit vs Cisco/WebEx trial Q1 2023; Cisco filed motion to stay after patent reexamination.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP. reported third quarter ended September 30, 2022 results: revenue $2.6 million.

Period: third quarter ended September 30, 2022
Revenue: $2.6 million
Result: reported results

Exact text from the filing

financial and operational results for the third quarter ended September 30, 2022. Key Financial Highlights for: Three Months Ended September 30, 2022 ● Revenue decreased 22% to $2.6 million compared to the prior year period; ● Net loss increased 157% to $1.1 million compared to the prior year period; ● Adjusted EBITDA loss of $0.8 million compared to Adjusted

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38 earnings releases filed in the last 30 days. Browse all earnings releases →

INTELLIGENT PROTECTION MANAGEMENT CORP. filing history →

Source: SEC EDGAR

accession 0001213900-22-069737

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