Paltalk Q1 revenue up 1.3% to $2.6M; net loss narrows 33% to $0.5M

INTELLIGENT PROTECTION MANAGEMENT CORP.

2024-Q1 EPS reported -$0.05 revenue$2,597,730

Total revenue $2.6M (+1.3% YoY); subscription $2.5M (-0.9%), advertising $0.1M (+96.7%).
Net loss $0.5M vs $0.7M (-33%); adjusted EBITDA loss $0.5M vs $0.6M (-23%).
Cash $13.0M, no long-term debt at March 31, 2024.
Cash from ops improved 35% to -$0.5M.
Continuing ManyCam integration, live video chat enhancements, exploring M&A.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTELLIGENT PROTECTION MANAGEMENT CORP. reported first quarter ended March 31, 2024 results: revenue $2.6 million, net income Net loss was $0.5 million.

Period: first quarter ended March 31, 2024
Revenue: $2.6 million
Net income: Net loss was $0.5 million
Result: reported results

Exact text from the filing

for the first quarter ended March 31, 2024. Key Financial Highlights for First Quarter Ended March 31, 2024 Compared to Prior Year Period ● Total Revenue increased 1.3% to $2.6 million ● Subscription revenue decreased 0.9% to $2.5 million ● Advertising revenue increased 96.7% to $0.1 million ● Net loss was $0.5 million compared to a net loss of $0.7 million, an

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Source: SEC EDGAR

accession 0001213900-24-041027

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