{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-037680","form_type":"8-K","ticker":"IPM","cik":"0001355839","company_name":"INTELLIGENT PROTECTION MANAGEMENT CORP.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.544651+00:00","generated_at":"2026-06-15T08:34:50.332592+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Paltalk Q1 revenue down 12.4% to $2.6M; net loss flat at $0.7M; patent trial vs Cisco set for Q3 2023","bullets":["Revenue $2.6M (-12.4% YoY) with subscription -12% & advertising -27.4%.","Net loss unchanged at $0.7M; adjusted EBITDA loss widened 33.8% to $0.6M.","Cash $13.9M, no debt; cash used in operations improved $0.4M to $0.8M.","Patent lawsuit vs Cisco: reexamination confirmed claims 1-10; trial early Q3 2023.","Repurchased 5,192 shares at avg $1.39; buyback plan expired March 29, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-037680","json":"https://secwatch.observer/filing/0001213900-23-037680.json","markdown":"https://secwatch.observer/filing/0001213900-23-037680.md","text":"https://secwatch.observer/filing/0001213900-23-037680.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1355839/000121390023037680/0001213900-23-037680-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1355839/000121390023037680/ea177960-8k_paltalk.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T08:34:50.332592+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"27ec8f60ec769a333b777a352d442073642813cd","claim":"INTELLIGENT PROTECTION MANAGEMENT CORP. reported first quarter ended March 31, 2023 results: revenue $2.6 million, net income $0.7 million.","evidence_excerpt":"Key Financial Highlights for First Quarter Ended March 31, 2023 Compared to Prior Year Period ● Revenue decreased 12.4% to $2.6 million ● Subscription revenue decreased 12.0% to $2.5 million ● Advertising revenue decreased 27.4% to $0.1 million ● Net loss remained relatively unchanged at $0.7 million ● Adjusted EBITDA loss increased 33.8% to $0.6 million ● Deferred revenue increased 17% to $2.2 million ● Repurchased 5,192 shares of common stock during the three months ended March 31, 2023 pursuant to our stock repurchase plan at an average price per share of $1.39; the stock repurchase plan expired on March 29, 2023 ● The Company had $13.9 million in cash and no long-term debt on its balance sheet as of March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1355839/000121390023037680/0001213900-23-037680-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$2.6 million"},{"label":"Net income","value":"$0.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}