---
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"
generated_at: "2026-06-15T08:34:50.332592+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Paltalk Q1 revenue down 12.4% to $2.6M; net loss flat at $0.7M; patent trial vs Cisco set for Q3 2023

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-037680
- JSON: https://secwatch.observer/filing/0001213900-23-037680.json
- Plain text: https://secwatch.observer/filing/0001213900-23-037680.txt

## Key facts
- Earnings Releases
  INTELLIGENT PROTECTION MANAGEMENT CORP. reported first quarter ended March 31, 2023 results: revenue $2.6 million, net income $0.7 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $2.6 million
  - Net income: $0.7 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390023037680/0001213900-23-037680-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.