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Intelligent Protection Management (IPM)
NASDAQ:IPM
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 1.01%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted significant strategic moves, including a merger agreement with Newtek Technology Solutions and a favorable litigation outcome against Cisco. However, these positive developments were overshadowed by substantial declines in revenue and increases in losses across several financial metrics.Company Guidance
During Paltalk's Q3 2024 earnings call, the company provided significant guidance on its strategic initiatives and financial outlook. CEO Jason Katz highlighted the acquisition of Newtek Technology Solutions, which is expected to enhance Paltalk's revenue, given that NTS's 2023 revenue was approximately three times greater than Paltalk's. The acquisition involves a $4 million cash payment and the issuance of 4 million shares of preferred stock, with potential earnout payments up to $5 million. Additionally, Paltalk announced the divestiture of its Vumber telecommunication services and related applications for $1.35 million. Financially, Paltalk reported a 23.4% decrease in quarterly revenue to $2.1 million and a 333% increase in loss from operations to $1.7 million compared to the same quarter in 2023. The company's cash balance stood at $12.1 million as of September 30, 2024. In a notable legal update, Paltalk secured a $65.7 million verdict against Cisco, although post-trial proceedings could affect the final proceeds.Merger Agreement with Newtek Technology Solutions
Paltalk signed a merger agreement to acquire Newtek Technology Solutions, which is expected to significantly increase revenue, as Newtek's revenue in 2023 was approximately 3x greater than Paltalk's 2023 revenue.
Divestiture of Certain Assets
Paltalk entered into an asset purchase agreement with Meteor Mobile Holdings, Inc., selling its telecommunication services provider and applications for $1.35 million and assuming all liabilities related to the transferred assets.
Patent Litigation Victory Against Cisco
Paltalk won a $65.7 million verdict against Cisco Systems for patent infringement. The final judgment was entered in Paltalk's favor, although significant litigation expenses will reduce the net proceeds.
Strong Cash Position
Paltalk maintains a cash balance of $12.1 million as of September 30, 2024, with no long-term debt.
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IPM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IPM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.98 | $1.84 | -7.07% |
| Aug 13, 2024 | $3.90 | $4.05 | +3.85% |
| May 09, 2024 | $3.19 | $3.24 | +1.57% |
| Mar 15, 2024 | $4.75 | $4.07 | -14.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Intelligent Protection Management (IPM) report earnings?
Intelligent Protection Management (IPM) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Intelligent Protection Management (IPM) earnings time?
Intelligent Protection Management (IPM) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IPM EPS forecast?
IPM EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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