Paltalk Q4 net loss narrows 43% to $0.3M; annual net loss improves 68% to $1.1M

INTELLIGENT PROTECTION MANAGEMENT CORP.

Total revenue Q4 $2.7M (-4% YoY); full-year revenue unchanged at $11.0M.
Net loss Q4 $0.3M vs $0.5M; full-year loss $1.1M vs $3.4M, improvements of 43% and 68%.
Adjusted EBITDA loss Q4 $0.2M (improved 53%), full-year $1.0M (improved 62%).
Cash $13.6M at Dec 31, 2023; no long-term debt; Q4 operating cash outflow only $0.1M.
Business focus: ManyCam integration, marketing ROI, expense optimization, exploring M&A.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

INTELLIGENT PROTECTION MANAGEMENT CORP. reported financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 15, 2024, Paltalk, Inc. issued a press release announcing its financial results for the year and quarter ended December 31, 2023.

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INTELLIGENT PROTECTION MANAGEMENT CORP. filing history →

Source: SEC EDGAR

accession 0001213900-24-022819

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