secwatch.observer — SEC 8-K summary
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Issuer:     INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM)
CIK:        0001355839
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001213900-24-068273
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paltalk Q2 revenue down 24.7% to $2.2M, net loss $0.9M; cash $12.8M
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- Revenue $2.2M, down 24.7% YoY; subscription $2.1M (-26.1%), advertising $0.1M (+29.2%).
- Net loss $0.9M vs net income $0.1M prior year; adjusted EBITDA loss $0.9M.
- Cash $12.8M, no debt; deferred revenue $1.9M (-12.6%).
- Entered merger to acquire Newtek Technology Solutions for $4M cash + 4M preferred shares, plus earn-out up to $5M.
- Condition to close: must divest Paltalk, Camfrog, Tinychat apps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355839/000121390024068273/0001213900-24-068273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355839/000121390024068273/ea0210753-8k_paltalk.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-068273

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer