Paltalk posts Q3 net loss of $1.5M, but wins $65.7M final judgment against Cisco

INTELLIGENT PROTECTION MANAGEMENT CORP.

Revenue fell 23.4% YoY to $2.1M; subscription revenue down 23.9% to $2.0M.
Net loss of $1.5M compared to $0.2M loss in prior year; Adjusted EBITDA loss of $1.4M.
Awarded $65.7M final judgment in trial against Cisco, a major litigation win.
Cash balance $12.1M at Sept 30, 2024; no long-term debt; cash down $0.7M from Q2.
Net cash used in operations increased 58.2% to $1.6M for the nine months.

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