Paltalk Q4 revenue $2.8M, net loss widens to $0.5M; full-year net loss $3.4M

INTELLIGENT PROTECTION MANAGEMENT CORP.

Revenue decreased 10% to $2.8M in Q4 2022; subscription revenue down 8% to $2.7M.
Net loss for Q4 increased 9,276% to $0.5M from $5K; full-year net loss $3.4M vs net income $1.3M.
Full-year revenue fell 17% to $11.0M; adjusted EBITDA loss $2.6M vs $1.3M profit.
Cash at $14.7M, no debt; bought back 604,808 shares for ~$1M in 2022.
Patent trial vs Cisco scheduled for early Q3 2023; ManyCam integration progressing.

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 the three months ended December 31, 2022 results: revenue $2.8 million, net income $0.5 million.

Period: the three months ended December 31, 2022
Revenue: $2.8 million
Net income: $0.5 million
Result: reported results

Exact text from the filing

the fourth quarter and year ended December 31, 2022. Key Financial Highlights for Fourth Quarter Ended December 31, 2022 Compared to Prior Year Period ● Revenue decreased 10% to $2.8 million ● Subscription revenue decreased by 8% to $2.7 million ● Advertising revenue decreased 47% to $0.1 million ● Net loss increased 9276% to $0.5 million ● Adjusted EBITDA loss

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP. reported the year ended December 31, 2022 results: revenue $11.0 million, net income $3.4 million.

Period: the year ended December 31, 2022
Revenue: $11.0 million
Net income: $3.4 million
Result: reported results

Exact text from the filing

of $1.48, or an aggregate amount of approximately $426,000 Key Financial Highlights for Year Ended December 31, 2022 Compared to Prior Year Period ● Revenue decreased 17% to $11.0 million ● Subscription revenue decreased over 13% to $10.7 million ● Advertising revenue decreased over 27% to $0.3 million ● Net loss increased 357% to $3.4 million ● Adjusted EBITDA

View on SEC.gov

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

INTELLIGENT PROTECTION MANAGEMENT CORP. filing history →

Source: SEC EDGAR

accession 0001213900-23-022435

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