Paltalk Q2 revenue up 12% to $3.0M; net income of $0.1M vs $1.1M loss YoY

INTELLIGENT PROTECTION MANAGEMENT CORP.

2023-Q2 EPS reported -$0.07 revenue$5,520,019

Subscriptions rose 12.7% to $2.9M; advertising fell 15.2% to $71K.
Net income of $136K compared to net loss of $1.1M in Q2 2022; adjusted EBITDA loss narrowed to $15K from $909K.
Cash and equivalents $13.7M, no long-term debt; deferred revenue up 18% to $2.2M.
Patent lawsuit vs Cisco: summary judgment denied; trial expected late Q4 2023.
Six-month revenue down 0.9% to $5.5M; net loss improved 67.7% to $0.6M.

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