Press Releases - IPM | Investor Relations

Intelligent Protection Management Corp. Reports Second Quarter 2025 Financial Results

Tue, 12 Aug 2025 20:05:00 GMT

Q2 Total Revenue: $5.7 million; Six Months Total Revenue: $11.2 million

Cash Flow from Operations for 1H 2025: $0.9 million

Cash and Equivalents: $8.3 million, including Restricted Cash of $1.0 million

No Long-Term Debt

Investor Conference Call TODAY at 4:30 p.m. Eastern Time

JERICHO, NY / August 12, 2025 / Intelligent Protection Management Corp. (“IPM,” “we,” “us,” “our” or the “Company”) (Nasdaq: IPM), a managed technology solutions provider focused on enterprise cybersecurity and cloud infrastructure, today announced financial results for the three and the six months ended June 30, 2025.

As previously disclosed, on January 2, 2025 the Company completed its acquisition of Newtek Technology Solutions, Inc. (“NTS”) from NewtekOne, Inc. and the sale of its “Paltalk”, “Camfrog” and “Vumber” applications and certain assets and liabilities related to such applications (the “Transferred Assets”) to Meteor Mobile Holdings, Inc. (together, the “Transactions”). Following the Transactions, the Company's business is focused on cybersecurity and cloud infrastructure.

For the purposes of this earnings release and the financial information provided herein, revenue and income from operations for the three and six months ended June 30, 2025 primarily reflect the newly acquired NTS operations, while assets and liabilities related to the Transferred Assets are presented as held for sale/discontinued operations, and the results of operations related to the Transferred Assets are presented as discontinued operations.

Second Quarter 2025 Operational and Business Highlights:

• We were selected by Hewlett Packard Enterprise to be an accredited partner for its HPE Private Cloud AI solution.

• We initiated a collaboration with IT Ally, a trusted business and technology services provider focused on lower middle-market private equity firms and their portfolio companies.

• During the quarter, our Board of Directors approved a stock repurchase plan for up to $400,000 of our outstanding common stock, which plan expires on the one-year anniversary of such date. Pursuant to the repurchase plan, we purchased 104,600 shares of common stock during the quarter.

• We commenced offering Aura, a leading AI-powered online safety solution for individuals and families, designed to help minimize the impact of data breaches, scams, and other online threats on consumers.

Management Discussion

Jason Katz, Chairman and Chief Executive Officer of IPM, said, “We are pleased with the sequential progress made during our first two operational quarters after the acquisition of Newtek Technology Solutions on January 2, 2025 and our successful rebranding to Intelligent Protection Management. During this period, we have laid the groundwork, from sales, marketing, accounting, and human capital, to position IPM to be poised for growth for the benefit of our customers, employees and stakeholders.

Sequentially, revenue for the second quarter increased by 4%, to $5.72 million, as our sales and marketing teams become more effective in servicing and growing our client base.Net loss increased 230% for Q2 2025 to $1.1 million, compared to net income of $0.8 million for Q1 2025. Q2 2025 Adjusted EBITDA improved 22% to negative $0.4 million compared to negative $0.5 million in the first quarter of 2025. As an enterprise cybersecurity and cloud infrastructure technology company we had deferred revenue, of $3.9 million in Q2 2025, which consists of sales that will be recognized in future quarters as product and services are installed. The balance sheet also reflects account receivables totaling $2.4 million, net in Q2 2025 based on the business that has been consummated since the Transactions”

Mr. Katz continued, “We have significant technological expertise, and we operate in large and growing markets where IPM is industry-certified in legal, healthcare and finance, giving us a significant competitive advantage versus our peers. That deep industry experience has led us to provide a “White Glove, High Touch,” service to our clients. Our clients have dedicated Technology Managers as a single point of contact and we do not use voice response telephonic menus or hand off service calls to agents in call centers in foreign countries. Our clients speak directly to their IPM account team members that are familiar with the needs of their business and the history of their account. This is an important IPM advantage”

“As we continue to develop and buildout our company, we are excited for the opportunities ahead as we endeavor to become one of the leading managed technology solutions providers focused on cybersecurity and cloud infrastructure. We look forward to the second half of 2025 and into 2026.”

Financial Highlights: Three and Six Months ended June 30, 2025

For the three months ended June 30, 2025 revenue totaled $5.7 million compared to $0.3 million for the prior year period. On a sequential basis, total revenue increased 4% from the first quarter of 2025. Revenue for the six months ended June 30, 2025 totaled $11.2 million, compared to $0.5 million in the prior year period. Total revenue by revenue stream for the three-and six month periods ended June 30, 2025 were as follows:

Managed information technology revenue was $3.5 million and $7.1 million, respectively.
Procurement revenue was $1.2 million and $2.2 million, respectively.
Professional services revenue was $0.7 million and $1.4 million, respectively.
Subscription revenue was $0.3 million and $0.6 million, respectively.

Net loss from continuing operations for the three months ended June 30, 2025 totaled $1.1 million compared to a net loss from continuing operations of $1.3 million for the three months ended June 30, 2024. Net loss from continuing operations for the six months ended June 30, 2025 totaled $0.2 million compared to a net loss of $1.5 million for the prior six months ended June 30, 2024. The reduction in net loss was attributed to IPM recording an income tax benefit during the first quarter of approximately $2.1 million in connection with the Transactions.
Net loss for the three months ended June 30, 2025 totaled $1.1 million compared to a net loss of $0.8 million for the three months ended June 30, 2024. Net loss for the six months ended June 30, 2025 totaled $0.2 million compared to a net loss of $1.1 million for the six months ended June 30, 2024.
Adjusted EBITDA1 for the three months ended June 30, 2025 was negative $0.4 million compared to negative $0.9 million for the three months ended June 30, 2024; while Adjusted EBITDA for the six months ended June 30, 2025 was negative $0.9 million compared to negative $1.4 million for the six months; ended June 30, 2024.
As of June 30, 2025, we had no long-term debt and cash and cash equivalents totaled $8.3 million (including $1.0 million of restricted cash).
Cash provided by operations for the six months ended June 30, 2025 was $0.9 million compared to cash used in continuing operations for the six months ended June 30, 2024 of $0.1 million.
IPM reported deferred revenue of $3.9 million for Q2 2025, which will be recognized as revenue in future quarters as products and/or services are installed.

1 Adjusted EBITDA is a non-GAAP financial measure. Please see the discussion below under the heading “Use of Non-GAAP Financial Measures” and the reconciliation at the end of this release for additional information.

Conference Call Access

Date and Time: Tuesday, August 12, 2025, at 4:30 p.m. Eastern Time.

Call-in Information: Interested parties can access the conference call by dialing 877-545-0523 domestically or 973-528-0016 for international callers and referencing the participant access code 693040.

Webcast Information: The webcast will be accessible live and on-demand at https://www.webcaster4.com/Webcast/Page/2856/52737 and accessible on the Investors section of the Company’s website at https://investors.ipm.com/ under Events & Presentations.

Replay: A replay of the call will be available at 877-481-4010 domestically or 919-882-2331 for international callers and the replay passcode is 52737.

About IPM

Intelligent Management Protection Corp. (Nasdaq: IPM) is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. IPM's other products include ManyCam. IPM has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Forward-looking statements may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. Forward-looking statements in this press release may include, but are not limited to, the Company’s expectations of future plans, priorities, focus following the Transactions, the Company’s potential growth opportunities, the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the possibility of security vulnerabilities, cyber-attacks and network disruptions, including breaches of data security and privacy leaks, data loss, and business interruptions; the Company’s ability to operate its secure private cloud through its data centers; the intense competition in the industry in which the Company operates and its ability to effectively compete with existing competitors and new market entrants; the Company’s ability to consummate favorable acquisitions and effectively integrate any companies or businesses that the Company acquires; the impact of adverse economic and market conditions, including those related to fluctuations in inflation and geopolitical conflicts; the Company’s reliance on a limited number of customers for its revenues and income; the Company’s ability to attract new customers, retain existing customers and sell additional services to customers; the Company’s ability to protect its intellectual property rights; and other events outside of the Company’s control. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.

Investor Contacts:

Joe Dorame, Roger Weiss

Lytham Partners, LLC

602-889-9680

E: ipm@lythampartners.com

INTELLIGENT PROTECTION MANAGEMENT CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2025			December 31, 2024
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	7,286,978		$	10,588,534
Restricted cash		1,014,714			--
Accounts receivable, net of $269,850 allowance		2,405,772			--
Due from related party		864,879			--
Prepaid expense and other current assets		1,682,845			462,422
Operating lease right-of-use assets, net		--			74,490
Employee retention tax credit receivable, net		114,212			114,212
Assets held for sale – current		--			72,925
Total current assets		13,369,400			11,312,583

Property and equipment, net		790,680			--
Intangible assets, net		8,662,605			1,882,781
Goodwill		5,516,501			2,663,229
Operating lease right of use assets, net		1,483,724			--
Other assets		13,937			13,937
Total assets	$	29,836,847		$	15,872,530

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	2,340,097		$	380,298
Accrued expenses and other current liabilities		1,059,940			509,759
Operating lease liabilities, current portion		768,060			74,490
Deferred revenue		3,856,401			555,039
Earnout liability		704,000			--
Liabilities held for sale - current		--			2,024,237
Total current liabilities		8,728,498			3,543,823
Operating lease liabilities, non-current portion		710,911			--
Deferred tax liability		506,683			429,045
Total liabilities		9,946,092			3,972,868
Commitments and contingencies
Stockholders’ equity:
Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		4,000			--
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,878,950 shares issued and 9,132,387 and 9,236,987 shares outstanding as of June 30, 2025 and December 31, 2024, respectively		9,879			9,879
Treasury stock, at cost, 746,563 and 641,963 shares repurchased as of June 30, 2025 and December 31, 2024, respectively		(1,412,135	)		(1,199,337	)
Additional paid-in capital		44,841,286			36,399,897
Accumulated deficit		(23,552,275	)		(23,310,777	)
Total stockholders’ equity		19,890,755			11,899,662
Total liabilities and stockholders’ equity	$	29,836,847		$	15,872,530

INTELLIGENT PROTECTION MANAGEMENT CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Revenue
Managed information technology, includes $1,827,817 and $3,516,400 of related party revenue for the three and six months, respectively	$	3,506,754		$	--		$	7,065,587		$	--
Procurement revenue, includes $23,361 and $77,881 of related party revenue for the three and six months, respectively		1,248,401			--			2,199,780			--
Professional services revenue, includes $56,396 and $108,246 of related party revenue for the three and six months, respectively		688,815			--			1,415,422			--
Subscription revenue		278,629			271,409			559,848			542,981
Total revenue		5,722,599			271,409			11,240,637			542,981
Costs and expenses, exclusive of depreciation and amortization shown separately below
Costs of revenue		2,857,449			73,037			5,322,112			134,673
Sales, marketing and product development expense		839,397			257,398			1,604,761			523,187
General and administrative expense		2,481,801			786,442			5,419,698			1,530,015
Depreciation and amortization		673,651			205,583			1,357,692			411,166
Total costs and expenses		6,852,298			1,322,460			13,704,263			2,599,041
Operating loss from continuing operations		(1,129,699	)		(1,051,051	)		(2,463,626	)		(2,056,060	)
Interest income, net		87,928			144,231			170,320			296,215
Other income, net		63,750			146,269			63,750			146,269
Loss from continuing operations before income tax benefit		(978,021	)		(760,551	)		(2,229,556	)		(1,613,576	)
Income tax (expense) benefit		(72,007	)		(532,502	)		1,988,058			66,208
Net loss from continuing operations		(1,050,028	)		(1,293,053	)		(241,498	)		(1,547,368	)
Income from discontinued operations, net of income tax benefit of $481,911 and $1,101 for the three and six months ended June 30, 2024		--			358,902			--			120,910
Net loss	$	(1,050,028	)	$	(934,151	)	$	(241,498	)	$	(1,426,458	)

Net income (loss) per share of common stock:
Basic – continuing operations		(0.08	)		(0.14	)		(0.02	)	$	(0.17	)
Diluted – continuing operations		(0.08	)		(0.14	)		(0.02	)	$	(0.17	)

Basic – discontinued operations		--			0.04			--		$	0.02
Diluted – discontinued operations		--			0.04			--		$	0.02

Basic		(0.08	)		(0.10	)		(0.02	)	$	(0.15	)
Diluted		(0.08	)		(0.10	)		(0.02	)	$	(0.15	)

Weighted average number of shares of Series A Preferred Stock used in calculating net loss per share of Series A Preferred Stock, basic and diluted		4,000,000			--			3,977,901			--
Weighted average number of shares of Common Stock used in calculating net loss per share of Common Stock, basic and diluted		9,201,658			--			9,219,225			--
Basic and diluted net loss per share of Series A Preferred Stock, basic and diluted	$	(0.08	)		--		$	(0.02	)		--
Basic and diluted net loss per share of Common Stock, basic and diluted	$	(0.08	)		--		$	(0.02	)		--

Weighted average number of shares of common stock used in calculating net loss per share of common stock:
Basic		13,201,658			9,222,157			13,197,125			9,222,157
Diluted		13,201,658			9,222,157			13,197,125			9,222,157

INTELLIGENT PROTECTION MANAGEMENT CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Six Months Ended June 30,
	2025			2024
Cash flows from operating activities:
Net loss	$	(241,498	)	$	(1,426,458	)
Net (income) from discontinued operations		—			(120,910	)
Net loss from continuing operations	$	(241,498	)	$	(1,547,368	)

Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities:
Amortization of intangible assets		1,130,176			411,166
Amortization of operating lease right-of-use assets		415,661			39,383
Depreciation of property and equipment		227,515
Deferred tax liability		—			(66,208	)
Income tax benefit		(1,971,762	)		(4,200	)
Stock-based compensation		245,389			91,561
Allowance for credit losses		3,436			—

Changes in operating assets and liabilities, net of acquired assets and disposition:
Accounts receivable		1,199,060			—
Operating lease liabilities		(420,414	)		(39,383	)
Prepaid expense and other current assets		(1,650,494	)		494,202
Accounts payable, accrued expenses and other current liabilities		2,067,674			531,849
Deferred revenue		(148,638	)		(14,212	)
Net cash provided by (used in) operating activities – continuing operations		856,105			(103,210	)

Net cash used in operating activities –discontinued operations		—			(668,835	)
Net cash provided by (used in) operating activities		856,105			(772,045	)
Cash flows from investing activities:
Cash paid for acquisition of NTS		(4,000,000	)		—
Purchases of fixed assets		(280,149	)
Net cash used in investing activities		(4,280,149	)		—
Cash flows from financing activities:
Proceeds from sale of Transferred Assets		1,350,000			—
Purchase of treasury stock		(212,798	)		—
Net cash provided by financing activities		1,137,202			—
Net decrease in cash and cash equivalents		(2,286,842	)		(772,045	)
Balance of cash and cash equivalents at beginning of period		10,588,534			13,568,049
Balance of cash and cash equivalents at end of period, including restricted cash of $1,014,714 at June 30, 2025	$	8,301,692		$	12,796,004
Supplemental non-cash disclosure:
Non-cash portion of consideration for acquisition of NTS (Series A Preferred Stock issuance)	$	8,200,000			—

Use of Non-GAAP Financial Measures

The Company has provided in this release Adjusted EBITDA, a non-GAAP financial measure, to supplement the consolidated financial statements, which are prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Adjusted EBITDA is defined as net income (loss) adjusted to exclude interest (income) expense, net, other (income) expense, net, income tax (benefit) expense, depreciation and amortization expense, stock-based compensation expense and net loss from discontinued operations. Management uses Adjusted EBITDA internally in analyzing the Company’s financial results to assess operational performance and to determine the Company’s future capital requirements. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. The Company believes that both management and investors benefit from referring to Adjusted EBITDA in assessing its performance and when planning, forecasting and analyzing future periods. The Company believes Adjusted EBITDA is useful to investors and others to understand and evaluate the Company’s operating results and it allows for a more meaningful comparison between the Company’s performance and that of competitors. Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider this performance measure in isolation from or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are that Adjusted EBITDA does not reflect, among other things: cash capital expenditures for assets underlying depreciation and amortization expense that may need to be replaced or for new capital expenditures; interest income, net; other expense, net; income tax expense from continuing operations; our working capital requirements; the potentially dilutive impact of stock-based compensation; the provision for income taxes; and net loss from discontinued operations. Other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure.

Because of these limitations, you should consider Adjusted EBITDA along with other financial performance measures, including total revenues, subscription revenue, deferred revenue, net income (loss), cash and cash equivalents, restricted cash, net cash used in operating activities and our financial results presented in accordance with GAAP.

	Three Months Ended						Six Months Ended
	June 30, (unaudited)						June 30, (unaudited)
	2025			2024			2025			2024
Reconciliation of net loss to Adjusted EBITDA:
Net loss	$	(1,050,028	)	$	(1,293,053	)	$	(241,498	)	$	(1,547,368	)
Net income from discontinued operations		--			358,902			--			120,910
Interest income, net		(87,928	)		(144,231	)		(170,320	)		(296,215	)
Income tax expense, discontinued operations		--			(481,911	)		--			(1,101	)
Income tax expense (benefit)		72,007			532,502			(1,988,058	)		(66,208	)
Other income, net		(63,750	)		(146,269	)		(63,750	)		(146,269	)
Depreciation and amortization expense		673,650			205,583			1,357,691			411,166
Stock-based compensation expense		77,760			32,250			245,389			91,561
Adjusted EBITDA	$	(378,289	)	$	(936,227	)	$	(860,546	)	$	(1,433,524	)

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Intelligent Protection Management Corp. to Report Second Quarter 2025 Financial Results on August 12, 2025

Thu, 07 Aug 2025 02:00:00 GMT

JERICHO, NY / August 6, 2025 / Intelligent Protection Management Corp. (“IPM” or the “Company”) (Nasdaq: IPM), a managed technology solutions provider focused on enterprise cybersecurity and cloud infrastructure, today announced today it will issue second quarter 2025 financial results on Tuesday, August 12, 2025, after the market close.

The Company will also conduct a conference call for all interested parties on Tuesday, August 12, 2025, at 4:30 p.m. Eastern Time to discuss its financial results and address stockholder questions submitted in advance of the conference call.

To participate in this call, please dial (877) 545-0523 or (973) 528-0016, access code: 693040 or listen via a live webcast, which is available in the Investors section of the Company’s website at https://investors.ipm.com/ or https://www.webcaster4.com/Webcast/Page/2856/52737.

A replay of the call will be available by visiting https://investors.ipm.com/ for the next 90 days or by calling (877) 481-4010 or (919) 882-2331, replay access code 52737 through Tuesday, August 26, 2025.

If you would like to submit a question, please send an email with your question to IPM@lythampartners.com prior to the call. Intelligent Protection Management Corp. will do its best to answer all questions.

About IPM

Investor Contacts:

Joe Dorame, Roger Weiss
Lytham Partners, LLC
602-889-9700
Email: ipm@lythampartners.com

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Intelligent Protection Management Corp. adds Aura’s Comprehensive Personal Identity Theft Protection Products to its Cutting-Edge Enterprise IT Infrastructure and Cybersecurity Tools

Tue, 24 Jun 2025 20:05:00 GMT

JERICHO, NY / June 24, 2025 / Intelligent Protection Management Corp. (“IPM” or the “Company”) (Nasdaq: IPM), a managed technology solutions provider focused on enterprise cybersecurity and cloud infrastructure, announced today it will begin offering Aura, the leading AI-powered online safety solution for individuals and families, to help minimize the impact of data breaches, scams, and other online threats on consumers.

Jason Katz, Chairman and CEO of IPM, said, “As American businesses implement sophisticated cybersecurity risk mitigation and prevention strategies, bad actors are shifting their focus to personal assets that are used within the business environment, like e-mail and personal phones. For example, hackers are targeting consumers’ personal devices as a method of entry to enterprise data platforms. At IPM, we’re bridging the gap between personal devices and business cybersecurity tools by enhancing our managed enterprise security solution to include Aura. This represents an important step forward in digital protection.”

In 2024, the U.S. Federal Trade Commission reported that Americans lost over $12 billion to identity theft and fraud, which represented a 23% increase from 2023.

Aura’s product solution offers everything modern consumers need to protect themselves and their families online, including device security, scam and fraud protection, child safety alerts for cyberbullying and online predators, and identity theft protection. Its advanced antivirus protection and safe and private browsing capabilities defends personal devices against malware and blocks dangerous sites designed to steal personal and financial information. And with its AI-powered Call Assistant blocking spam calls and messages, alongside its password manager that automatically identifies and updates breached passwords and digital vault that encrypts sensitive documents and monitors for leaks on the dark web, Aura provides robust protection against online crime.

About IPM

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements in this press release may include, but are not limited to, statements relating to the anticipated benefits from the integration of Aura’s solutions with IPM’s IT infrastructure and the ability of Aura and IPM’s solutions to minimize cybersecurity breaches. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including the risk factors set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts

Joe Dorame, Roger Weiss
Lytham Partners, LLC
602-889-9680
E: ipm@lythampartners.com

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Intelligent Management Protection Corp. ("IPM") to Participate in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow" Virtual Conference Presented by Maxim Group LLC on Tuesday, June 3rd - Thursday, June 5th at 9:00 a.m. EDT

Fri, 30 May 2025 20:05:00 GMT

JERICHO, NY / ACCESS Newswire / May 30, 2025 / IPM (Nasdaq:IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, announced today that Company CEO Jason Katz has been invited to present at the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow," presented by Maxim Group LLC, on Tuesday, June 3rd - Thursday, June 5th at 9:00 a.m. EDT

IPMwill be taking part in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow." The rapid evolution of technology is paving the way for disruption across all industries, including healthcare, drones, consumer IoT, business solutions, gaming & entertainment, and more. In Maxim's 2025 Virtual Tech Conference, we will explore how emerging growth companies are expanding their use of Quantum Computing and Artificial Intelligence (AI) to position themselves for the future. Maxim Senior Analysts will facilitate engaging dialogues with CEOs and key management of diverse companies who have their attention on technology and how it will impact and grow their business.

This conference will be live on M-Vest. To attend, sign up to become an M-Vest member.

Click here to learn more and reserve your seat

About IPM

About Maxim Group LLC

Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com.

Investor Contacts:

Joe Dorame, Roger Weiss
Lytham Partners, LLC
602-889-9680
E: ipm@lythampartners.com

SOURCE: Intelligent Protection Management Corp.

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IPM Provides Secure, Scalable, and Expertly Managed IT Services to More Effectively Onboard the Private Equity Clients of IT Ally

Wed, 28 May 2025 20:15:00 GMT

Jericho, NY – May 28, 2025 – Intelligent Protection Management Corp. (“IPM”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, announced today the initiation of a collaboration with IT Ally, a trusted business and technology services provider to lower middle-market private equity firms and their portfolio companies.

Working together, IPM and IT Ally deliver seamless, end-to-end tech solutions for private equity firms and their portfolio companies, with the goals of preserving value and mitigating risk. IT Ally sets the strategy, aligning IT with business goals and managing cybersecurity, compliance, and tech risks, while IPM brings the strategy to life with secure, scalable, and expertly managed IT services.

Jason Katz, CEO of IPM, said, “Many of IT Ally’s private equity customers are involved in highly regulated markets, including finance, legal, healthcare and merchant processing, requiring IT platforms that demand high-end security, scalability, and operational requirements. IPM delivers not only an IT solution, but a solution targeted tothe industries in which these highly regulated businesses operate. IPM drives the technology platform that allows IT Ally’s client base to operate seamlessly and efficiently.

“We are pleased to be working with IPM to provide our customers with the leading-edge technology to meet their growth and regulatory needs,” said Michael Fillios,

Founder and CEO of IT Ally. “We believe that successful onboarding of new clients sets the stage for long and mutually beneficial relationships. IPM leads the way in that regard. We look forward to working with the IPM team.”

About IT Ally

Founded in 2017, IT Ally is a market leader in business and technology advisory services and trusted ally to lower middle market Private Equity Firms and their portfolio companies. IT Ally establishes wide ranging partnerships that focus on value creation throughout the transaction lifecycle leveraging its deep business, industry, and technology expertise. For more information visit itallyllc.com to learn more.

About IPM

Intelligent Management Protection Corp. (Nasdaq: IPM) is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. IPM’s other products include ManyCam. IPM has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com

Investor Contacts:

Joe Dorame, Roger Weiss

Lytham Partners, LLC

602-889-9680

E: ipm@lythampartners.com

]]>

Intelligent Protection Management Corp. to Participate in the Lytham Partners Spring 2025 Investor Conference on May 29, 2025

Tue, 27 May 2025 20:05:00 GMT

JERICHO, NY / ACCESS Newswire / May 27, 2025 / Intelligent Protection Management Corp. ("IPM," the "Company," "we," "our" or "us") (Nasdaq:IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced that itwill participate in a webcast presentation and host one-on-one meetings with investors at the Lytham Partners Spring 2025 Investor Conference, taking place virtually on Thursday, May 29, 2025.

Company Webcast

The webcast presentation will take place at 3:30 p.m. ET on Thursday, May 29, 2025. The webcast can be accessed by visiting the conference home page at https://lythampartners.com/spring2025/or directly at https://app.webinar.net/Q0RMlLJp1z4. The webcast will also be available for replay following the event.

1x1 Meetings

Management will be participating in virtual one-on-one meetings throughout the event. To arrange a meeting with management, please contact Lytham Partners at 1x1@lythampartners.com or register for the event at https://lythampartners.com/spring2025invreg/.

About Intelligent Management Protection Corp.

Intelligent Management Protection Corp. is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. The Company has more than a 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com.

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

Investor Contacts:

Joe Dorame
Lytham Partners, LLC
602-889-9680
e: dorame@lythampartners.com

Roger Weiss
Lytham Partners, LLC
646-741-5730
e: weiss@lythampartners.com

SOURCE: Intelligent Protection Management Corp.

]]>

Intelligent Protection Management Corp. Reports First Quarter 2025 Financial Results Reflecting Transition to Managed Technology Solutions Provider Focused on Cybersecurity and Cloud Infrastructure

Wed, 14 May 2025 20:10:00 GMT

Jericho, NY – May 14, 2025 – (ACCESS Newswire) – Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” “our” or “us”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced financial and operational results for the first quarter ended March 31, 2025.

As previously disclosed, in January 2025, the Company completed its acquisition of Newtek Technology Solutions, Inc. (“NTS”) from NewtekOne, Inc. and the sale of its “Paltalk”, “Camfrog” and “Vumber” applications and certain assets and liabilities related to such applications (the “Transferred Assets”) to Meteor Mobile Holdings, Inc. (together, the “Transactions”). Following the Transactions, the Company’s business is focused on cybersecurity and cloud infrastructure.

For the purposes of this earnings release and the financial information provided herein, revenue and income from operations for the three months ended March 31, 2025 primarily reflect the newly acquired NTS operations, while assets and liabilities related to the Transferred Assets are presented as held for sale/discontinued operations, and the results of operations related to the Transferred Assets are presented as discontinued operations.

First Quarter 2025 Financial Highlights

(all metrics compared to first quarter 2024 unless otherwise noted)

Total revenue increased to $5.5 million compared to $0.3 million.
Operating loss was $(1.3) million compared to an operating loss of $(1.0) million and included approximately $0.3 million of one-time expenses in connection with the Transactions.
Net income totaled $0.8 million compared to net loss of $(0.5) million.
Adjusted EBITDA¹ was relatively unchanged at $(0.5) million.
Net cash generated from operating activities for the quarter was $1.7 million.
The Company had $9.7 million in cash and cash equivalents and no long-term debt as of March 31, 2025.

Recent Operational and Business Highlights

Completed the acquisition of NTS and divestiture of the Transferred Assets and, as a result, focused the Company’s business on technology service offerings in the cloud infrastructure and cybersecurity sectors. Go forward business is focused on integration of a comprehensive range of IT-related solutions.
Expanded the Company’s Board of Directors to align with the Company’s cybersecurity and cloud infrastructure strategy.
Entered into a referral arrangement with NewtekOne, Inc. aimed at offering NewtekOne, Inc.’s clients safety, security, and cost solutions for managing their software and hardware needs.
Selected by Hewlett Packard Enterprise to be an accredited partner for its HPE Private Cloud AI solution.
Entered into a secured one-year revolving line of credit in the maximum amount of $1.0 million with Newtek Bank, N.A.
Effective May 8, 2025, the Company’s Board of Directors approved a stock repurchase plan for up to $400,000 of the Company’s outstanding common stock, which plan expires on the one-year anniversary of such date.

¹ Adjusted EBITDA is a non-GAAP financial measure. Please see the discussion below under the heading “Use of Non-GAAP Financial Measures” and the reconciliation at the end of this release for additional information.

Management Commentary

Jason Katz, Chairman and CEO of IPM, commented, “The first quarter of 2025 was transformational for IPM following the closing of our acquisition of NTS, which concentrates our efforts going forward in the rapidly growing cloud infrastructure and cybersecurity markets. Today, more than ever, cloud infrastructure and cybersecurity are critical to protecting sensitive data, ensuring business continuity and securing a digital economy in an era of growing cyber threats. We have an exciting opportunity to build upon NTS’s historical achievements moving forward as a standalone integrated service company.

“Since the closing of the Transactions, we have successfully integrated our operations and serviced our existing customers without interruption. Moving forward, we believe we are now well-positioned to grow the Company through the expansion of our services offerings to existing legacy NTS customers, while cross-selling our ManyCam services to our historical web hosting customer base. This should lead to further growth and enhancement of operational efficiencies, all focused on driving stockholder value.

“We enter this new chapter for IPM with a strong balance sheet highlighted by $9.7 million in cash and cash equivalents and no long-term debt, which when coupled with the potential earn-out from the Transferred Assets, put us in an ideal position to execute on our business plans and further transform IPM,” Mr. Katz concluded.

Financial Results for Three Months Ended March 31, 2025

Total revenue for the three months ended March 31, 2025 was $5.5 million, compared to $0.3 million for the three months ended March 31, 2024. This increase was primarily driven by new revenue streams as a result of the acquisition of NTS, which closed on January 2, 2025.

Loss from continuing operations for the three months ended March 31, 2025 was $1.3 million, compared to a loss from continuing operations of $1.0 million for the three months ended March 31, 2024. During the first quarter of 2025, the Company incurred approximately $0.3 million of one-time expenses in connection with the Transactions. The loss from continuing operations for the three months ended March 31, 2025 also included $0.9 million of non-cash expense, consisting of amortization and depreciation of $0.7 million ($0.4 million of which represents amortization on newly acquired intangible assets) as well as $0.2 million of non-cash share based compensation. The loss from continuing operations for the three months ended March 31, 2024 included subscriptions sales from ManyCam software as well as all general and administrative expenses for the Company, which included all professional fees and public company expenses.

Net income for the three months ended March 31, 2025 was $0.8 million, compared to a net loss of $(0.5) million for the three months ended March 31, 2024. Net income included a tax benefit of $2.1 million in connection with the recognition of tax benefits recorded in connection with the Transactions for the three months ended March 31, 2025.

Adjusted EBITDA¹ remained relatively unchanged at $(0.5) million for the three months ended March 31, 2025 and 2024, respectively.

Cash and cash equivalents totaled $9.7 million at March 31, 2025, a decrease of $0.9 million compared to $10.6 million at December 31, 2024, as a result of a $4.0 million cash payment as part of the acquisition of NTS, partially offset by $1.4 million cash inflow from the divestiture of the Transferred Assets and cash flow from operations of $1.7 million.

The Company reported no long-term debt on its balance sheet at March 31, 2025.

Conference Call Details

Date and Time: Wednesday, May 14, 2025, at 4:30 p.m. Eastern Time.

Call-in Information: Interested parties can access the conference call by dialing (877) 545-0523 for United States callers or +1 (973) 528-0016 for international callers and using the participant access code 312305

Webcast Information: The webcast will be accessible live and archived at, https://www.webcaster4.com/Webcast/Page/2856/52471 and accessible on the Investors section of the Company's website at https://investors.ipm.com/ under Events & Presentations.

Replay: A teleconference replay of the call will be available at (877) 481-4010 for United States callers or +1 (919) 882-2331 for international callers and using replay access code 52471.

About Intelligent Management Protection Corp.

Intelligent Management Protection Corp. (Nasdaq: IPM) is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. IPM also operates ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com.

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements relating to estimates of future synergies and efficiencies as a result of the NTS acquisition, expectations regarding the Company’s ability to effectively integrate assets it acquired as a result of the NTS acquisition, expectations of future plans, priorities, focus and benefits of the NTS acquisition, the Company’s ability to realize the intended benefits of the referral arrangement with NewtekOne, Inc. and its status as an accredited partner for the HPE Private Cloud AI solution, the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the possibility of security vulnerabilities, cyber-attacks and network disruptions, including breaches of data security and privacy leaks, data loss, and business interruptions; the Company’s ability to operate its secure private cloud through its data centers; the intense competition in the industry in which the Company operates and its ability to effectively compete with existing competitors and new market entrants; the Company’s ability to consummate favorable acquisitions and effectively integrate any companies or businesses that the Company acquires; the impact of adverse economic and market conditions, including those related to fluctuations in inflation and geopolitical conflicts; the Company’s reliance on a limited number of customers for its revenues and income; the Company’s ability to attract new customers, retain existing customers and sell additional services to customers; the Company’s ability to protect its intellectual property rights; and other events outside of the Company’s control . More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:

IR@ipm.com

ClearThink

nyc@clearthink.capital

917-658-7878

INTELLIGENT PROTECTION MANAGEMENT CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2025			December 31, 2024
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	9,683,317		$	10,588,534
Accounts receivable, net of $274,372 allowance		2,152,544			--
Accounts receivable – due from related party		436,425			--
Prepaid expense and other current assets		1,682,004			462,422
Operating lease right-of-use asset, current		882,568			74,490
Employee retention tax credit receivable, net		114,212			114,212
Assets held for sale - current		--			72,925
Total current assets		14,951,070			11,312,583

Property and equipment, net		632,070			--
Intangible assets, net		9,214,716			1,882,781
Goodwill		5,516,501			2,663,229
Operating lease right of use assets, noncurrent		810,130			--
Other assets		13,937			13,937
Total assets	$	31,138,424		$	15,872,530

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	2,455,833		$	380,298
Accrued expenses and other current liabilities		1,121,678			509,759
Operating lease liabilities, current portion		805,022			74,490
Deferred revenue		3,678,592			555,039
Earnout liability		704,000			--
Liabilities held for sale - current		--			2,024,237
Total current liabilities		8,765,125			3,543,823
Operating lease liabilities, non-current portion		879,098
Deferred tax liability		418,380			429,045
Total liabilities		10,062,603			3,972,868
Commitments and contingencies
Stockholders’ equity:
Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 and 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		4,000			--
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,878,950 shares issued and 9,236,987 shares outstanding as of March 31, 2025 and December 31, 2024		9,879			9,879
Treasury stock, 641,963 shares repurchased as of March 31, 2025 and December 31, 2024		(1,199,337	)		(1,199,337	)
Additional paid-in capital		44,763,526			36,399,897
Accumulated deficit		(22,502,247	)		(23,310,777	)
Total stockholders’ equity		21,075,821			11,899,662
Total liabilities and stockholders’ equity	$	31,138,424		$	15,872,530

INTELLIGENT PROTECTION MANAGEMENT CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended March 31,
	2025			2024
Revenue
Managed information technology, includes $1,688,583 of related party revenue	$	3,558,833		$	--
Procurement revenue, includes $54,520 of related party revenue		951,379			--
Professional services revenue, includes $51,850 of related party revenue		726,607			--
Subscription revenue		281,219			271,572
Total revenue		5,518,038			271,572
Costs and expenses
Costs of revenue		2,464,663			61,636
Sales, marketing and product development expense		765,364			265,789
General and administrative expense		2,937,897			743,573
Depreciation and amortization		684,041			205,583
Total costs and expenses		6,851,965			1,276,581
Loss from continuing operations		(1,333,927	)		(1,005,009	)
Interest income, net		82,392			151,984
Loss from continuing operations before income tax benefit		(1,251,535	)		(853,025	)
Income tax benefit		2,060,065			598,710
Net income (loss) from continuing operations		808,530			(254,315	)
Loss from discontinued operations, net of income tax expense of $480,810 for the three months ended March 31, 2024		--			(237,992	)
Net income (loss)	$	808,530		$	(492,307	)

Net income (loss) per share of common stock:
Basic – continuing operations	$	0.06		$	(0.03	)
Diluted – continuing operations	$	0.06		$	(0.03	)

Basic – discontinued operations	$	--		$	(0.02	)
Diluted – discontinued operations	$	--		$	(0.02	)

Basic	$	0.06		$	(0.05	)
Diluted	$	0.06		$	(0.05	)
Weighted average number of shares of common stock used in calculating net loss per share of common stock:
Basic		13,192,543			9,222,157
Diluted		13,192,543			9,222,157

INTELLIGENT PROTECTION MANAGEMENT CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended March 31,
	2025			2024
Cash flows from operating activities:
Net income (loss)	$	808,530		$	(492,307	)
Net loss from discontinued operations		--			237,992
Net income (loss) from continuing operations	$	808,530		$	(254,315	)

Adjustments to reconcile net income (loss) from continuing operations to net cash used in operating activities:
Amortization of intangible assets and depreciation		578,065			205,583
Amortization of operating lease right-of-use assets		206,687			20,841
Depreciation on property and equipment		105,976			--
Deferred tax liability		--			(13,184	)
Income tax benefit		(2,060,065	)		(598,710	)
Stock-based compensation		167,629			59,311
Credit loss expense		3,436			--

Changes in operating assets and liabilities, net of acquired assets and disposition:
Accounts receivable		1,015,863			--
Operating lease liability		(215,265	)		(20,841	)
Prepaid expense and other current assets		(784,774	)		142,734
Accounts payable, accrued expenses and other current liabilities		2,245,148			280,963
Deferred revenue		(326,447	)		(158,168	)
Net cash provided by (used in) operating activities – continuing operations		1,744,783			(335,786	)

Net cash (used in) provided by operating activities –discontinued operations		--			(185,008	)

Net cash provided by (used in) operating activities		1,744,783			(520,794	)

Cash flows from investing activities:
Cash paid for acquisition of NTS		(4,000,000	)		--
Net cash used in investing activities		(4,000,000	)		--
Cash flows from financing activities:
Proceeds from sale of Transferred Assets		1,350,000			--
Net cash provided by financing activities		1,350,000			--
Net decrease in cash and cash equivalents		(905,217	)		(520,794	)
Balance of cash and cash equivalents at beginning of period		10,588,534			13,568,049
Balance of cash and cash equivalents at end of period	$	9,683,317		$	13,047,255
Supplemental non-cash disclosure:
Non-cash portion of consideration for acquisition of NTS (Series A Preferred Stock issuance)	$	8,200,000			--

Use of Non-GAAP Financial Measures

	Three Months Ended
	March 31, (unaudited)
	2025			2024
Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)	$	808,530		$	(254,315	)
Net loss from discontinued operations		--			(237,992	)
Interest income, net		(82,392	)		(151,984	)
Income tax expense, discontinued operations		--			480,810
Income tax benefit		(2,060,065	)		(598,710	)
Depreciation and amortization expense		684,041			205,583
Stock-based compensation expense		167,631			59,311
Adjusted EBITDA	$	(482,255	)	$	(497,297	)

]]>

Intelligent Protection Management Corp. to Host First Quarter 2025 Earnings Results Conference Call on Wednesday, May 14, 2025 at 4:30 p.m. EDT

Thu, 08 May 2025 13:14:00 GMT

Jericho, NY – May 8, 2025 – Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” “our” or “us”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced that it will host its first quarter 2025 earnings results conference call on Wednesday, May 14, 2025 at 4:30 p.m. Eastern Time.

Intelligent Protection Management Corp. CEO Jason Katz and CFO Kara Jenny will discuss the Company’s results for the three months ended March 31, 2025, and address stockholder questions submitted in advance of the conference call.

The details for the conference call can be found below.

First Quarter 2025 Conference Call

Date: Wednesday, May 14, 2025

Time: 4:30 PM EDT

Dial-In Phone Numbers: Toll Free: 877-545-0523

International: 973-528-0016
Participant Access Code: 312305

Link: https://www.webcaster4.com/Webcast/Page/2856/52471

Replay: Toll Free: 877-481-4010

International: 919-882-2331

Replay Passcode: 52471

If you would like to submit a question, please send an email with your question to nyc@clearthink.capital prior to the call. Intelligent Protection Management Corp. will do its best to answer all questions.

About Intelligent Management Protection Corp.

Intelligent Management Protection Corp., (Nasdaq: IPM), is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. IPM also operates ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com.

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements relating to estimates of future synergies and efficiencies as a result of the NTS acquisition, expectations regarding the Company’s ability to effectively integrate assets it acquired as a result of the NTS acquisition, expectations of future plans, priorities, focus and benefits of the NTS acquisition, the Company’s ability to realize the intended benefits of the referral arrangement with NewtekOne, Inc. and its status as an accredited partner for the HPE Private Cloud AI solution, the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the possibility of security vulnerabilities, cyber-attacks and network disruptions, including breaches of data security and privacy leaks, data loss, and business interruptions; the Company’s ability to operate its secure private cloud through its data centers; the intense competition in the industry in which the Company operates and its ability to effectively compete with existing competitors and new market entrants; the Company’s ability to consummate favorable acquisitions and effectively integrate any companies or businesses that the Company acquires; the impact of adverse economic and market conditions, including those related to fluctuations in inflation and geopolitical conflicts; the Company’s reliance on a limited number of customers for its revenues and income; the Company’s ability to attract new customers, retain existing customers and sell additional services to customers; the Company’s ability to protect its intellectual property rights; and other events outside of the Company’s control . More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:

IR@ipm.com

ClearThink

nyc@clearthink.capital

917-658-7878

]]>

Intelligent Protection Management Corp. Attains Accredited Partner Status with HPE Private Cloud AI

Mon, 05 May 2025 18:07:00 GMT

Jericho, NY – April 1, 2025 – ACCESS Newswire - Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” “our” or “us”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, is pleased to announce that it has been selected by Hewlett Packard Enterprise to be an accredited partner for its HPE Private Cloud AI solution.

Jason Katz, Chairman and CEO of IPM, commented, “We are delighted to provide our clients with this exceptional AI capability, designed to rapidly enhance their business outcomes. We will continue to evaluate ways to help our clients implement AI solutions.”

HPE Private Cloud AI is co-developed by Hewlett Packard Enterprise and Nvidia, providing access to a broad ecosystem of AI leaders, including leading global systems integrators (SIs) and professional services organizations. It is a purpose-built solution designed to provide fast and easy deployment of private AI applications with a focus on inferencing, Retrieval-Augmented Generation (RAG), and fine-tuning.

HPE Private Cloud AI delivers a unique cloud experience designed to accelerate data science productivity and time-to-business value. It delivers instant AI productivity by being ready to deploy within the IPM Private cloud in three clicks. Once available, multiple users have self-service access to a diverse set of Nvidia technologies and open-source tools and models, which has the potential to increase productivity by 90% through an evergreen, cloud-managed experience.

Jason Katz, Chairman and CEO of IPM, continued, “The solution’s efficiency is highlighted by its deployment – a swift eight hours in IPM’s secure private cloud, and full operational capability in just one day. This environment managed by IPM, as enhanced by HPE Private Cloud AI delivers up to a 5x model throughput improvement and a 2x increase in AI developer productivity. Responding directly to the needs of our clients, this private cloud AI solution, in partnership with HPE and Nvidia, is set to strengthen our existing offerings and open new avenues for growth.”

Becoming an HPE AI Private Cloud Certified Partner unlocks significant benefits, including access to specialized expertise, a deeper understanding of HPE’s AI solutions, and the ability to leverage these solutions to offer customers innovative AI-driven insights and accelerate their own AI journeys.

ABOUT INTELLIGENT MANAGEMENT PROTECTION CORP. (Nasdaq: IPM)

Intelligent Management Protection Corp. (“IPM”) is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. Our other products include ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com.

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the anticipated benefits of being named a HPE AI Private Cloud Certified Partner, the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of Newtek Technology Solutions, Inc.; the inability of the Company to integrate successfully the operations of Newtek Technology Solutions, Inc.; fluctuations and volatility in the Company’s stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:

IR@ipm.com

ClearThink

nyc@clearthink.capital

917-658-7878

]]>

Intelligent Protection Management Corp. Reschedules Fourth Quarter and Year End 2024 Earnings Results Conference Call to Monday, March 24, 2025 at 4:30 p.m. ET

Tue, 18 Mar 2025 15:11:00 GMT

Intelligent Protection Management Corp. CEO Jason Katz and CFO Kara Jenny will discuss the Company's results for the three months and year ended December 31, 2024, and address stockholder questions submitted in advance of the conference call.

As previously disclosed, in January 2025, the Company completed its acquisition of Newtek Technology Solutions, Inc. ("NTS") from NewtekOne, Inc. and the sale of its "Paltalk", "Camfrog" and "Vumber" applications and certain assets and liabilities related to such applications to Meteor Mobile Holdings, Inc. The financial results for the three months and year ended December 31, 2024 to be discussed on the conference call relate to the Company's business prior to such transactions.

The details for the conference call can be found below.

Fourth Quarter and Year End 2024 Conference Call
Date: Monday, March 24, 2025
Time: 4:30 PM ET
Dial-In Phone Numbers:		Toll Free: 888-506-0062
		International: 973-528-0011
		Participant Access Code: 762785

Link:https://www.webcaster4.com/Webcast/Page/2856/52178

Replay:		Toll Free: 877-481-4010
		International: 919-882-2331
		Replay Passcode: 52178

ABOUT INTELLIGENT MANAGEMENT PROTECTION CORP. (Nasdaq:IPM)

Intelligent Management Protection Corp. ("IPM") is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. Our other products include ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: www.ipm.com.

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company's plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as "aim," "anticipates," "believes," "building," "continue," "could," "drive," "estimates," "expects," "extent," "focus," "forecasts," "goal," "guidance," "intends," "may," "might," "outlook," "plan," "position," "probable," "progressing," "projects," "prudent," "seeks," "should," "steady," "target," "view," "will" or "would" or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of NTS; the inability of the Company to integrate successfully the operations of NTS; fluctuations and volatility in the Company's stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov.

Investor Contacts:

IR@ipm.com
ClearThink
nyc@clearthink.capital
917-658-7878

SOURCE: Intelligent Protection Management Corp.

]]>

Intelligent Protection Management Corp. to Host Fourth Quarter and Year End 2024 Earnings Results Conference Call on Wednesday, March 19, 2025 at 4:30 p.m. ET

Wed, 12 Mar 2025 21:19:00 GMT

Jericho, NY – March 12, 2025 – Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” “our” or “us”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced that it will host its fourth quarter and year end 2024 earnings results conference call on Wednesday, March 19, 2025 at 4:30 p.m. Eastern Time.

Intelligent Protection Management Corp. CEO Jason Katz and CFO Kara Jenny will discuss the Company’s results for the three months and year ended December 31, 2024, and address stockholder questions submitted in advance of the conference call.

As previously disclosed, in January 2025, the Company completed its acquisition of Newtek Technology Solutions, Inc. (“NTS”) from NewtekOne, Inc. and the sale of its “Paltalk”, “Camfrog” and “Vumber” applications and certain assets and liabilities related to such applications to Meteor Mobile Holdings, Inc. The financial results for the three months and year ended December 31, 2024 to be discussed on the conference call relate to the Company’s business prior to such transactions.

The details for the conference call can be found below.

Fourth Quarter and Year End 2024 Conference Call Date: Wednesday, March 19, 2025 Time: 4:30 PM ET
Dial-In Phone Numbers:	Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 762785

Link:

https://www.webcaster4.com/Webcast/Page/2856/52178

Replay:

Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 52178

ABOUT INTELLIGENT MANAGEMENT PROTECTION CORP. (Nasdaq: IPM)

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of NTS; the inability of the Company to integrate successfully the operations of NTS; fluctuations and volatility in the Company’s stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:
IR@ipm.com
ClearThink
nyc@clearthink.capital
917-658-7878

]]>

Intelligent Protection Management Enters into Referral Arrangement with NewtekOne

Wed, 26 Feb 2025 15:00:00 GMT

Jericho, NY – February 26, 2025 – Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” “our” or “us”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, is pleased to announce its entry into a referral arrangement with NewtekOne, Inc. (“NewtekOne”), a financial holding company with tens of thousands of business clients.

Under the referral arrangement, IPM will receive commission payments for referring customers to NewtekOne or its affiliates for certain services to be provided by NewtekOne or its affiliates, and IPM will pay NewtekOne commission payments for referring customers to IPM for certain services to be provided by IPM.

NewtekOne is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. NewtekOne’s suite of services helps tens of thousands of businesses save time and money, all while leveraging industry-leading technology.

Jason Katz, Chairman and CEO of IPM, commented, “We are very excited about this alignment, as NewtekOne makes a great referral partner with its thousands of business clients. We look forward to growing the business and building a healthy pipeline of prospective and new customers.”

Barry Sloane, President, Chairman and CEO of NewtekOne, stated, “With the divesture of Newtek Technology Solutions (“NTS”) completed, we have confidence in NTS, now owned by Intelligent Protection Management Corp., to continue to manage our technology safely and securely and we look forward to referring our clients to IPM to help them solve their safety, security, and cost issues when it comes to managing their software and hardware. We have confidence in IPM’s capabilities, as we did through our 21 year ownership of NTS.”

ABOUT INTELLIGENT MANAGEMENT PROTECTION CORP. (Nasdaq: IPM)

Intelligent Management Protection Corp. (“IPM”) is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. IPM’s other products include ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit:

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company’s ability to realize the intended benefits of the referral arrangement with NewtekOne, the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of Newtek Technology Solutions, Inc.; the inability of the Company to integrate successfully the operations of Newtek Technology Solutions, Inc.; fluctuations and volatility in the Company’s stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:
IR@ipm.com
ClearThink
nyc@clearthink.capital
917-658-7878

]]>

Intelligent Protection Management Corp. Appoints Barry Sloane and Sidney Rabsatt to Board of Directors

Wed, 08 Jan 2025 15:31:00 GMT

Repositions Board After Closing Its Transformational Acquisition

JERICHO, NY - January 8, 2025 (NEWMEDIAWIRE) - Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” “our” or “us”) (Nasdaq: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced that Barry Sloane and Sidney Rabsatt were appointed to the board of directors of the Company, effective January 7, 2025.

Jason Katz, Chairman and CEO of IPM, commented, “We are thrilled to have Barry and Sidney join our board of directors at this time, as we embark on our new journey as a managed technology solutions provider. We recently closed on our transformational acquisition of Newtek Technology Solutions, Inc. and look forward to re-energizing the business with both organic and acquisitive growth. We are excited to have Barry join the board, as he has intimate knowledge of the acquired business and vast experience in the public markets, having led NewtekOne, Inc. as Chairman and Chief Executive Officer since 1999. We are also very excited to welcome Sidney, as he has nearly 30 years of experience in technology and over 15 years driving product vision, strategy, and execution in high-profile technology companies and roles.”

Barry Sloane, incoming director, stated, “I believe IPM has a great opportunity to focus on growing this technology service producer business, and I’m pleased to work with Jason and the board of directors.”

Sidney Rabsatt, incoming director, stated, “I look forward to working with the team at IPM, and I believe my technology expertise will bring a unique perspective that will contribute positively to the team. The cybersecurity and cloud infrastructure sectors are ripe for growth both organically and through potential accretive acquisitions in the future. The current marketplace for managing business IT security and managed technology solutions has never been better.”

Barry Sloane has served as NewtekOne, Inc.’s Chairman and Chief Executive Officer since 1999, as its President since 2008 and Chairman and Chief Executive Officer of its bank subsidiary, Newtek Bank, N.A., since January 2023. Mr. Sloane founded NewtekOne, Inc. in 1998 and is an executive officer of each of its subsidiaries. From September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc., where he directed the Commercial and Residential Real Estate Securitization Unit, and was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, Mr. Sloane was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of “Aegis Consumer Funding.” From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgage-backed securities. From August 1982 to September 1988, Mr. Sloane was a senior mortgage security salesman and trader for Bear Stearns, L.F. Rothschild, E.F. Hutton and Paine Webber.

Sidney Rabsatt is a seasoned executive with nearly 30 years of experience in technology and over 15 years driving product vision, strategy, and execution in high-profile technology companies and roles. He currently serves as Chief Product Officer at MindsDB, an artificial intelligence company focused on surfacing the knowledge in Enterprise data to power AI apps and agents, where he is responsible for creating and driving product vision and strategy. Previously, Mr. Rabsatt served as Head of Product at Anyscale from April 2023 to January 2024, and as Director of Product Management for Cloud Application & Content Delivery and Media & Entertainment at Google from June 2021 to March 2023. Mr. Rabsatt was Vice President of Product Management for Modern Applications and APIs at F5 Networks from May 2019 to May 2021, and Vice President of Product Management at NGINX from November 2017 to May 2019. He received his B.S. in Computer Engineering from the Georgia Institute of Technology and his MBA from Baruch College. Mr. Rabsatt has a proven track record of success in leading product teams and delivering innovative solutions in several areas, including AI/ML and Cloud Infrastructure, Modern App/Cloud Infrastructure, Enterprise Networking, Observability/AIOps, and Streaming Media & Gaming.

ABOUT INTELLIGENT MANAGEMENT PROTECTION CORP. (Nasdaq: IPM)

To be added to our news distribution list, please visit: http://www.ipm.com/investor-alerts/.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of Newtek Technology Solutions, Inc.; the inability of the Company to integrate successfully the operations of Newtek Technology Solutions, Inc.; fluctuations and volatility in the Company’s stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:
IR@ipm.com

ClearThink
nyc@clearthink.capital
917-658-7878

]]>

Intelligent Protection Management Corp. Commences Trading on The Nasdaq Capital Market Under the Ticker Symbol IPM

Tue, 07 Jan 2025 13:30:00 GMT

JERICHO, NY - January 7, 2025 (NEWMEDIAWIRE) - Intelligent Protection Management Corp. (“IPM,” the “Company,” “we,” our,” or “us”) (NASDAQ: IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, is pleased to announce it began trading yesterday under the ticker symbol “IPM” on The Nasdaq Capital Market.

The Company’s business is focused on providing server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions.

NewtekOne, Inc., from whom the Company acquired its managed technology solutions business, remains a customer and stockholder of the Company and will continue to refer business to IPM.

Intelligent Protection Management Corp. (Nasdaq: IPM)

Intelligent Protection Management Corp. is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides managed cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. The Company also owns and operates ManyCam, a live streaming software and virtual camera that allows users to create virtual backgrounds. The Company has an over 20-year history of technology innovation and holds 8 patents.

For more information, please visit: http://www.ipm.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “aim,” “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “steady,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of Newtek Technology Solutions, Inc.; the inability of the Company to integrate successfully the operations of Newtek Technology Solutions, Inc.; fluctuations and volatility in the Company’s stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:
IR@IPM.com

Clearthink
nyc@clearthink.capital
(917) 658-7878

]]>

Paltalk, Inc. Completes Acquisition of Newtek Technology Solutions, Inc.

Thu, 02 Jan 2025 21:05:00 GMT

Jericho, NY – January 2, 2025 -- via NewMediaWire – Paltalk, Inc. (“PALT,” the “Company,” “we,” our,” or “us”) (NASDAQ: PALT), a communications software innovator that powered multimedia social applications, today announced the completion of its previously announced acquisition of Newtek Technology Solutions, Inc. (“NTS” and such transaction, the “Acquisition”), from NewtekOne, Inc. In connection with the closing of the Acquisition, the Company also completed the sale of its “Paltalk”, “Camfrog” and “Vumber” applications and certain assets and liabilities related to such applications to Meteor Mobile Holdings, Inc. (the “Divestiture”). The Acquisition and the Divestiture were approved by the Company’s stockholders at a special meeting held on December 30, 2024.

The Company’s business will be focused on providing server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions. The Company will operate under the name “Intelligent Protection Management Corp.” The Company’s common stock will commence trading under the ticker symbol “IPM” on The Nasdaq Capital Market on January 6, 2025. As a result of the Divestiture, the Company will no longer provide video-based, live streaming, virtual camera and telecommunications software to consumers.

Jason Katz, Paltalk’s Chairman and Chief Executive Officer, commented: “Today marks a transformational milestone for the Company. With the Acquisition of NTS now complete, we expect that NTS will have an immediate and meaningful impact on our revenue, since NTS’s revenue in 2023 was approximately three times greater than Paltalk’s 2023 revenue. We look forward to entering the cloud infrastructure and cybersecurity sectors and serving our new customers, including NewtekOne. Our strategic focus on technology and our experienced management team form the foundation for us to achieve greater scale and reach to deliver the best service to our customers and value to our stockholders.”

Mr. Katz continued, “I would like to welcome the NTS employees to our team. Together, I am confident we can continue to optimize our strategies and cross-selling efforts of our products to offer effective technology solutions to our customers and position our Company for long-term success.”

Advisors

Haynes and Boone, LLP served as legal counsel to Paltalk, Inc. Sullivan & Cromwell LLP served as legal counsel to NewtekOne, Inc.

About Paltalk, Inc. (Nasdaq: PALT)

Paltalk, Inc. (now known as Intelligent Protection Management Corp.) is a communications software innovator that powered multimedia social applications. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: http://www.ipm.com.

To be added to our news distribution list, please visit: https://investors.paltalk.com/alerts.

About Newtek Technology Solutions, Inc.

NTS provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services including consulting and implementing technology solutions for enterprise and commercial clients across the U.S. as well as small-and-medium sized businesses. NTS’s management team has expertise and experience leveraging a broad range of technology solutions and services that enable businesses to operate more efficiently and securely.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, forecasts and assumptions and are subject to risks and uncertainties. Words such as “anticipate,” “assume,” “began,” “believe,” “budget,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “would” and variations of such words and similar expressions are intended to identify such forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements in this press release may include, but are not limited to, statements relating to (i) estimates of future synergies, savings and efficiencies as a result of the Acquisition, (ii) expectations regarding the Company’s ability to effectively integrate assets it acquired as a result of the Acquisition and (iii) expectations of future plans, priorities, focus and benefits of the Acquisition. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, including but not limited to, general business and economic conditions globally, industry trends, competition, changes in government and other regulation, changes in political and economic stability, disruptions in business operations due to reorganization activities, interest rate and currency fluctuations, the inability of the Company to realize successfully any anticipated synergy benefits of the Acquisition, the inability of the Company to integrate successfully NTS’s operations, fluctuations and volatility in the Company’s stock price, the ability of the Company to successfully execute strategic plans, the ability of the Company to maintain customer and partner relationships and the timing and market acceptance of new service offerings. More information about factors that could cause actual results to materially differ from those described in the forward-looking statements can be found in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements are based on management’s estimates, projections and assumptions as of the date hereof.

Investor Contacts:

IR@paltalk.com
Clearthink
nyc@clearthink.capital
(917) 658-7878

]]>

NewtekOne, Inc. and Paltalk, Inc. To Hold Conference Call on January 2, 2025, To Discuss the Anticipated January 2, 2025 Closing of the Divestiture of Newtek Technology Solutions, Inc. to Paltalk, Inc.

Mon, 30 Dec 2024 23:12:00 GMT

Boca Raton, FL December 30, 2024 - NewtekOne, Inc. (“the Company”) (NASDAQ: NEWT) and Paltalk, Inc. (“Paltalk”) (Nasdaq: PALT) will host a conference call on January 2, 2025, to discuss the anticipated January 2, 2025 closing of Paltalk’s acquisition (the “Acquisition”) of Newtek Technology Solutions, Inc. (“NTS”). Earlier today, Paltalk announced that Paltalk’s shareholders voted to approve proposals required to close the Acquisition, which closing is presently scheduled for January 2, 2025. As previously disclosed, in connection with NewtekOne’s acquisition of Newtek Bank and transition to a financial holding company, NewtekOne made a commitment to the Board of Governors of the Federal Reserve System to divest or terminate the activities of NTS, which manages information technology hardware and software for approximately 17,000 customers.

Paltalk has agreed to pay to NewtekOne at the closing of the Acquisition: (i) $4,000,000 in cash, subject to certain purchase price adjustments (the “Cash Consideration”), and (ii) issue to NewtekOne 4,000,000 shares of a newly created series of Paltalk non-voting preferred stock, the Series A Non-Voting Common Equivalent Stock (the “Preferred Stock”) (the “Stock Consideration” and together with the Cash Consideration, the “Closing Consideration”). In addition to the Closing Consideration, NewtekOne may be entitled to receive an earn-out amount of up to $5,000,000, payable in cash or Preferred Stock (or a combination thereof, determined in Paltalk’s discretion), based on the achievement of certain cumulative average Adjusted EBITDA thresholds for the 2025 and 2026 fiscal years. The issuance of Preferred Stock to the Company as Stock Consideration or as consideration for the earn-out, if any, shall be subject to the limitation that any such issuance of Preferred Stock may not result in the Company’s equity interest in Paltalk exceeding one third of Paltalk’s “total equity,” determined in accordance with the Bank Holding Company Act of 1956, as amended, and to the extent necessary a corresponding increase in the Cash Consideration or cash paid in respect of the earn-out will be made. In addition, following the closing, the Company will be entitled to appoint one representative on the Paltalk board of directors.

Subsequent to the closing, it is anticipated that Paltalk will change its name to Intelligent Protection Management Corp. and anticipates changing its stock symbol to “IPM” on the Nasdaq in early January.

Following the closing of the Acquisition, NewtekOne intends to continue to have its entire IT stack secured and managed by NTS’s team of 47 individuals, all of whom will be retained and will be working for Paltalk upon closing. In addition, NewtekOne intends to continue to refer its technology solutions opportunities from existing and future customers to Paltalk.

The conference call to discuss the closing of the Acquisition will be hosted by Barry Sloane, Chief Executive Officer, President and Chairman and Jason Katz, Chief Executive Officer and Chairman of Paltalk, on Thursday, January 2, 2025, at 4:15 pm ET. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne, Inc. Merger/Divestiture of Newtek Technology Solutions, Inc. beginning today and up until 15 minutes prior to the start of the January 2, 2025 conference call in order to reserve a listening position on the call. A replay of the call will be available on NewtekOne’s website shortly following the live presentation and will be available for a period of one year.

About NewtekOne, Inc.

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval , IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage are registered trademarks of NewtekOne, Inc.

About Paltalk, Inc.

Paltalk, Inc. is a communications software innovator that powers multimedia social applications. Paltalk has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: http://www.paltalk.com.

Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's and Paltalk’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. See the sections titled “Note Regarding Forward-Looking Statements,” “Forward-Looking Statements” and “Risk Factors,” as applicable, in NewtekOne’s and Paltalk’s filings with the Securities and Exchange Commission, which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and Paltalk’s website (https://investors.paltalk.com/sec-filings), respectively, and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne or Paltalk speak only as to the date they are made, and neither NewtekOne nor Paltalk undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

NewtekOne Investor Relations & Public Relations

Contact: Jayne Cavuoto
jcavuoto@newtekone.com

Paltalk Media Contact

IR@paltalk.com
ClearThink
nyc@clearthink.capital
917-658-7878

]]>

Paltalk, Inc. Reports Results for Third Quarter 2024

Tue, 12 Nov 2024 21:05:00 GMT

Awarded $65.7 Million Final Judgment in Trial Against Cisco

Cash Balance of $12.1 Million at September 30, 2024

JERICHO, N.Y. - (NewMediaWire) - November 12, 2024 - Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced financial and operational results for the third quarter ended September 30, 2024.

Key Financial Highlights Third Quarter Ended September 30, 2024 Compared to Prior Year Period

● Revenue decreased 23.4% to $2.1 million

● Subscription revenue decreased 23.9% to $2.0 million

● Advertising revenue decreased 7.1% to $0.1 million

● Net loss was $1.5 million compared to a net loss of $0.2 million

● Adjusted EBITDA1 loss was $1.4 million compared to Adjusted EBITDA1 loss of $0.1 million

● Cash balance decreased $0.7 million from the second quarter of 2024 to $12.1 million

Key Financial Highlights for the Nine Months Ended September 30, 2024 Compared to Prior Year Period

● Revenue decreased 16.2% to $6.9 million

● Subscription revenue decreased 17.5% to $6.6 million

● Advertising revenue increased 31.4% to $0.3 million

● Net loss was $2.9 million compared to a net loss of $0.8 million

● Adjusted EBITDA1 loss was $2.9 million compared to Adjusted EBITDA1 loss of $0.8 million

● Net cash used in operating activities increased 58.2% to $1.6 million

● Deferred revenue decreased 6.0% to $2.0 million as of September 30, 2024 compared to September 30, 2023

● The Company had $12.1 million in cash and no long-term debt on its balance sheet as of September 30, 2024

Operational Highlights

● Entered into an Agreement and Plan of Merger (the “Acquisition Agreement”) to acquire Newtek Technology Solutions, Inc. (“NTS”) from NewtekOne, Inc. (“Newtek”), the sole stockholder of NTS, through a two-step merger process. We will pay $4,000,000 in cash to Newtek and will issue to Newtek 4,000,000 shares of a newly created series of our preferred stock (in each case, subject to adjustment as further described in the Acquisition Agreement) (the “Acquisition”). Newtek is also entitled to receive an earn-out payment of up to $5,000,000 based on the achievement of certain cumulative average Adjusted EBITDA thresholds for the 2025 and 2026 fiscal years. As a condition to the closing of the Acquisition, we must effectuate the sale of our “Paltalk” and “Camfrog” applications and all assets and liabilities related to such applications in one or more transactions and cease the operations of our “Tinychat” application.

● Entered into an Asset Purchase Agreement (the “Divestiture Agreement”) with Meteor Mobile Holdings, Inc. (“Meteor Mobile”), pursuant to which we and our subsidiaries party thereto agreed to sell our telecommunications services provider, “Vumber”, as well as our “Paltalk” and “Camfrog” applications and all assets related to such services provider and applications, other than certain excluded assets (the “Transferred Assets” and such transaction, the “Divestiture”), to Meteor Mobile in exchange for (i) a cash payment of $1,350,000 and (ii) the assumption of all of our liabilities and obligations arising out of or relating to the Transferred Assets on or after the closing of the Divestiture, other than certain excluded liabilities, upon the terms and subject to the conditions set forth in the Divestiture Agreement. Following the Divestiture, we will retain all patents, patent applications, and any rights or causes of action related to such patents and patent applications (including the patent litigation against Cisco). We are also entitled to receive, for the six-month period beginning July 1, 2025 and each subsequent annual period beginning on January 1, 2026, 2027 and 2028, certain cash earnout payments based on a percentage of cash revenue, net of any refunds, received by Meteor Mobile that is attributable to the business of the Transferred Assets.

Business Objectives

As a result of the entry into the Acquisition Agreement and the Divestiture Agreement, our near-term business objectives now include:

● Consummation of the Acquisition and the Divestiture;

● Integration of the business of NTS following the closing of the Acquisition;

● Continuing our efforts to improve user experience with our ManyCam software and optimize features for both consumer and enterprise applications; and

● Continuing to defend our intellectual property

1 Adjusted EBITDA is a non-GAAP financial measure. Please see the discussion below under the heading “Non-GAAP Financial Measures and Key Metrics” and the reconciliations at the end of this release for additional information concerning this and other non-GAAP financial measures.

Management Commentary

Jason Katz, Chairman and CEO of Paltalk, commented, “Our team had a very busy and productive end to the summer, with the signing of a definitive agreement to acquire NTS from Newtek. We also recently announced our entry into a definitive agreement to complete the sale of Vumber and our Paltalk and Camfrog applications. We are in midst of a transformational shift in our business strategy that we believe will enhance stockholder value. Additionally, in our patent infringement litigation against Cisco, we were recently awarded a $65.7 million jury verdict. We will continue to defend our intellectual property against any post-trial proceedings, including any potential appellate proceedings by Cisco.”

Katz continued, “We expect that the Acquisition, once completed, will have an immediate and meaningful impact on our revenue, since NTS’s revenue in 2023 was approximately three times greater than Paltalk’s 2023 revenue. We look forward to moving towards the closing of the Divestiture and the Acquisition. We have an ample cash balance of $12.1 million as of September 30, 2024, and we are excited to focus our attention on growing the cybersecurity, cloud hosting and technology solutions business.”

Patent Litigation Update – Awarded $65.7 Million Award in August 2024

On July 23, 2021, a wholly owned subsidiary of the Company, Paltalk Holdings, Inc., filed a patent infringement lawsuit (the “Lawsuit”) against WebEx Communications, Inc., Cisco WebEx LLC, and Cisco Systems, Inc. (collectively, “Cisco”), in the U.S. District Court for the Western District of Texas (the “Court”). We alleged that certain of Cisco’s products have infringed U.S. Patent No. 6,683,858, and that we were entitled to damages.

On August 29, 2024, the jury awarded the Company $65.7 million (the “Award”) in a jury verdict in connection with the Lawsuit. On October 8, 2024, an order granting a motion for final judgment was entered into in the Court in connection with the Lawsuit. The final judgment was entered in the Company’s favor in the amount of the Award and started the time for filing any post-trial motions or appeal.

The exact amount of the Award proceeds to be received by the Company will be determined based on a number of factors and will reflect the deduction of significant litigation-related expenses, including legal fees. Consequently, the Company estimates that it would receive no more than one third of the gross proceeds in connection with the Award, subject to post-trial proceedings (including any potential appellate proceedings by Cisco).

Financial Results for Three Months Ended September 30, 2024

● Revenue for the three months ended September 30, 2024 decreased by 23.4% to $2.1 million, compared to $2.8 million for the three months ended September 30, 2023. This decrease was attributed to a decrease in subscription revenue of 23.9%;

● Loss from operations for the three months ended September 30, 2024 increased by 333.3%, or $1.3 million, to a loss of $1.7 million, compared to a loss of $0.4 million for the three months ended September 30, 2023. The increase in loss from operations was attributed to a decrease in revenue for the three months ended September 30, 2024, as well as an increase in professional fees of $0.8 million related to the Acquisition and the Divestiture;

● Net loss for the three months ended September 30, 2024 increased by 731.2%, or $1.3 million, to a net loss of $1.5 million, compared to net loss of $0.2 million for the three months ended September 30, 2023; and

● Adjusted EBITDA1 loss for the three months ended September 30, 2024 increased by approximately 1046.2%, or $1.3 million, to an Adjusted EBITDA1 loss of $1.4 million, compared to Adjusted EBITDA1 loss of $0.1 million for the three months ended September 30, 2023.

Financial Results for Nine Months Ended September 30, 2024

● Revenue for the nine months ended September 30, 2024 decreased by 16.2% to $6.9 million, compared to $8.3 million for the nine months ended September 30, 2023. This decrease was attributed to a decrease in subscription revenue of 17.5%;

● Loss from operations for the nine months ended September 30, 2024 increased by 129.9%, or $2.0 million, to a loss of $3.6 million, compared to a loss of $1.6 million for the nine months ended September 30, 2023. The increase in loss from operations was attributed to a decrease in revenue for the nine months ended September 30, 2024 as well as an increase in professional fees of $1.1 million related to the Acquisition and the Divestiture;

● Net loss for the nine months ended September 30, 2024 increased by 274.3%, or $2.2 million, to a net loss of $2.9 million, compared to a net loss of $0.8 million for the nine months ended September 30, 2023;

● Adjusted EBITDA1 loss for the nine months ended September 30, 2024 increased by approximately 265.1%, or $ 2.1 million, to an Adjusted EBITDA1 loss of $2.9 million, compared to Adjusted EBITDA1 loss of $0.8 million for the nine months ended September 30, 2023;

● Cash and cash equivalents totaled $12.1 million at September 30, 2024, a decrease of $1.5 million compared to $13.6 million at December 31, 2023; and

● The Company had no long-term debt on its balance sheet at September 30, 2024.

Key Financial and Operating Metrics from Operations:

(in thousands, except for percentages)

	Three Months Ended
	September 30, (unaudited)				Change
	2024		2023		$		%
Subscription revenue	$2,033		$2,673		(640	)	-23.9%
Advertising revenue	88		95		(7	)	-7.1%
Total revenues	2,121		2,768		(647	)	-23.4%
Loss from operations	(1,688	)	(389	)	(1,299	)	-333.3%
Net Income (loss )	(1,509	)	(182	)	(1,327	)	-731.2%
Net cash used in operating activities	(780	)	16		(796	)	-4955.5%
Adjusted EBITDA (a non-GAAP measure)	$(1,449	)	$(127	)	$(1,322	)	-1046.2%

	Nine Months Ended
	September 30, (unaudited)				Change
	2024		2023		$		%
Subscription revenue	$6,649		$8,064		$(1,415	)	-17.5%
Advertising revenue	294		224		70		31.4%
Total revenues	6,943		8,288		(1,345	)	-16.2%
Loss from operations	(3,624	)	(1,576	)	(2,048	)	-129.9%
Net Income (loss )	(2,935	)	(784	)	(2,151	)	-274.3%
Net cash used in operating activities	(1,552	)	(981	)	(571	)	-58.2%
Adjusted EBITDA (a non-GAAP measure)	$(2,883	)	$(790	)	$(2,093	)	-265.1%

ABOUT PALTALK, INC. (Nasdaq: PALT)

Paltalk, Inc. is a communications software innovator that powers multimedia social applications. Our product portfolio includes Paltalk and Camfrog, which together host a large collection of video-based communities. Our other products include ManyCam, Tinychat and Vumber. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: http://www.paltalk.com.

To be added to our news distribution list, please visit: http://www.paltalk.com/investor-alerts/.

IMPORTANT INFORMATION ABOUT THE TRANSACTIONS AND WHERE TO FIND IT

In connection with (i) the issuance of Paltalk’s securities as consideration in the Acquisition (the “Stock Issuance”) and (ii) the Divestiture, Paltalk intends to file preliminary and definitive proxy statements and other materials with the Securities and Exchange Commission (the “SEC”). In addition, Paltalk may also file other relevant documents with the SEC regarding the proposed transactions. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The definitive proxy statement and other relevant documents will be sent or given to Paltalk’s stockholders as of the record date established for voting. Investors and stockholders may also obtain a free copy of the proxy statement (when available) and other documents filed by Paltalk at its website, www.paltalk.com, or at the SEC’s website, www.sec.gov. The proxy statement and other relevant documents may also be obtained for free from Paltalk by directing such request to Paltalk, to the attention of the Investor Relations, 30 Jericho Executive Plaza, Suite 400E Jericho, New York 11753.

PARTICIPANTS IN THE SOLICITATION

Paltalk and its respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Paltalk’s stockholders in connection with the proposed transactions. Investors and stockholders may obtain more detailed information regarding the names, affiliations and interests of Paltalk’s directors and executive officers by reading Paltalk’s Definitive Proxy Statement on Schedule 14A, which was filed with the SEC on October 21, 2024 (the “Annual Meeting Proxy Statement”). To the extent holdings of common stock by Paltalk’s directors and executive officers have changed from the amounts of common stock held by such persons as reflected in Paltalk’s the Annual Meeting Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding potential participants in such proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the proxy statement and other relevant materials filed with the SEC in connection with the proposed transactions when they become available.

NO OFFER OR SOLICITATION

This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release constitute “forward-looking statements” as defined in Section 27A of the Securities Act and Section 21E of the Exchange Act, that are based on current expectations, estimates, forecasts and assumptions and are subject to risks and uncertainties. Words such as “anticipate,” “assume,” “began,” “believe,” “budget,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “would” and variations of such words and similar expressions are intended to identify such forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements in this press release may include, but are not limited to, statements relating to (i) Paltalk’s future business objectives, (ii) the Acquisition and the Divestiture and their expected timing and closing, including receipt of required approvals, (iii) estimates of future synergies, savings and efficiencies, (iv) expectations regarding Paltalk’s ability to effectively integrate assets and properties it may acquire as a result of the proposed transactions, (v) expectations regarding future investments or divestitures, including the Divestiture, and (vi) expectations of future plans, priorities, focus and benefits of the proposed transactions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Paltalk, including but not limited to (i) the ability of the parties to consummate the proposed transactions in a timely manner or at all, (ii) satisfaction of the conditions precedent to consummation of the Acquisition and the Divestiture, including the ability to secure required consents and regulatory approvals in a timely manner or at all, and approval by Paltalk’s stockholders of the Stock Issuance and the Divestiture, (iii) the possibility of litigation (including related to the Acquisition and the Divestiture), (iv) Paltalk’s ability to improve, market and promote its ManyCam software, (v) Paltalk’s ability to defend its intellectual property rights and (vi) other risks described in Paltalk’s SEC filings. Paltalk does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements are based on management’s estimates, projections and assumptions as of the date hereof. More information on potential factors that could affect Paltalk’s financial results will be included in the preliminary and the definitive proxy statements that Paltalk intends to file with the SEC in connection with Paltalk’s solicitation of proxies for the special meeting of Stockholders to be held to approve, among other things, the Stock Issuance and the Divestiture in connection with the proposed transactions.

Investor Contacts:

IR@paltalk.com

ClearThink

nyc@clearthink.capital

917-658-7878

PALTALK, INC.

RECONCILIATION OF GAAP TO NON-GAAP RESULTS

	Three Months Ended						Nine Months Ended
	September 30, (unaudited)						September 30, (unaudited)
	2024			2023			2024			2023
Reconciliation of net loss to Adjusted EBITDA:
Net loss	$	(1,509,250	)	$	(181,576)		$	(2,935,708	)	$	(784,245	)
Interest income, net		(157,517	)		(169,925	)		(453,732	)		(462,433	)
Other income		-			-			(146,269	)		(343,045	)
Income tax (benefit) expense		(20,767	)		(37,915)			(88,076	)		13,590
Depreciation and amortization expense		205,584			205,583			616,750			616,750
Stock-based compensation expense		32,569			57,380			124,130			169,691
Adjusted EBITDA	$	(1,449,381	)	$	(126,453	)	$	(2,882,905	)	$	(789,692	)

Non-GAAP Financial Measures and Key Metrics

Management uses Adjusted EBITDA internally in analyzing the Company’s financial results to assess operational performance and to determine the Company’s future capital requirements. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. The Company believes that both management and investors benefit from referring to Adjusted EBITDA in assessing its performance and when planning, forecasting and analyzing future periods. The Company believes Adjusted EBITDA is useful to investors and others to understand and evaluate the Company’s operating results and it allows for a more meaningful comparison between the Company’s performance and that of competitors. Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider this performance measure in isolation from or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are that Adjusted EBITDA does not reflect, among other things: cash capital expenditures for assets underlying depreciation and amortization expense that may need to be replaced or for new capital expenditures; interest income, net; other expense, net; income tax expense from continuing operations; our working capital requirements; the potentially dilutive impact of stock-based compensation; and the provision for income taxes. Other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure.

Because of these limitations, you should consider Adjusted EBITDA along with other financial performance measures, including total revenues, subscription revenue, deferred revenue, net loss, cash and cash equivalents, restricted cash, net cash used in operating activities and our financial results presented in accordance with GAAP.

PALTALK, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Revenues:
Subscription revenue	$	2,033,324		$	2,673,333		$	6,649,206		$	8,063,992
Advertising revenue		87,910			94,606			294,383			223,966
Total revenues		2,121,234			2,767,939			6,943,589			8,287,958
Costs and expenses:
Cost of revenue		760,166			826,662			2,389,734			2,403,165
Sales and marketing expense		202,876			210,573			585,987			685,953
Product development expense		1,209,326			1,193,430			3,633,247			3,605,652
General and administrative expense		1,636,400			926,690			3,958,406			3,169,321

Total costs and expenses		3,808,768			3,157,355			10,567,374			9,864,091
Loss from operations		(1,687,534	)		(389,416	)		(3,623,785	)		(1,576,133	)
Interest income, net		157,517			169,925			453,732			462,433
Other income, net		-			-			146,269			343,045
Loss from operations before provision for income taxes		(1,530,017	)		(219,491	)		(3,023,784	)		(770,655	)
Income tax(expense) benefit		20,767			37,915			88,076			(13,590	)
Net loss	$	(1,509,250	)	$	(181,576	)	$	(2,935,708	)	$	(784,245	)

Net loss per share of common stock:
Basic	$	(0.16	)	$	(0.02	)	$	(0.32	)	$	(0.09	)
Diluted	$	(0.16	)	$	(0.02	)	$	(0.32	)	$	(0.09	)
Weighted average number of shares of common stock used in calculating net loss per share of common stock:
Basic		9,227,307			9,222,157			9,223,886			9,222,223
Diluted		9,227,307			9,222,157			9,223,886			9,222,223

PALTALK, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

(Unaudited)

	September 30,			December 31,
	2024			2023
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	12,056,085		$	13,568,049
Accounts receivable, net of allowances of $13,264 as of September 30, 2024 and $23,326 as of December 31, 2023, respectively		114,856			92,704
Employee retention tax credit receivable, net		114,212			114,212
Prepaid expense and other current assets		868,428			990,634
Total current assets		13,153,581			14,765,599
Operating lease right-of-use assets		95,306			77,005
Goodwill		6,326,250			6,326,250
Intangible assets, net		2,087,727			2,704,477
Other assets		13,937			13,937
Total assets	$	21,676,801		$	23,887,268

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	1,426,124		$	792,053
Accrued expenses and other current liabilities		213,377			226,120
Operating lease liabilities, current portion		81,645			77,005
Deferred subscription revenue		2,067,220			2,043,362
Total current liabilities		3,788,366			3,138,540
Operating lease liabilities, non-current portion		13,661			-
Deferred tax liability		511,893			614,041
Total liabilities		4,313,920			3,752,581
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,864,120 shares issued and 9,236,987 shares outstanding as of September 30, 2024 and 9,222,157 shares outstanding as of December 31, 2023, respectively		9,879			9,864
Treasury stock, 641,963 shares repurchased as of September 30, 2024 and December 31, 2023, respectively		(1,199,337	)		(1,199,337	)
Additional paid-in capital		36,372,615			36,208,728
Accumulated deficit		(17,820,276	)		(14,884,568	)
Total stockholders’ equity		17,362,881			20,134,687
Total liabilities and stockholders’ equity	$	21,676,801		$	23,887,268

PALTALK, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Nine Months Ended September 30,
	2024			2023
Cash flows from operating activities:
Net loss	$	(2,935,708	)	$	(784,245	)
Adjustments to reconcile net loss from operations to net cash used in operating activities:
Amortization of intangible assets		616,750			616,750
Amortization of operating lease right-of-use assets		62,884			61,454
Credit loss expense		8,794			10,000
Income tax benefit		(14,072	)		-
Deferred tax benefit		(88,076	)		(18,219)
Stock-based compensation		124,130			169,691
Changes in operating assets and liabilities:
Accounts receivable		(30,946	)		(30,925	)
Operating lease liability		(62,884	)		(61,454	)
Prepaid expense and other current assets		122,206			(279,448	)
Accounts payable, accrued expenses and other current liabilities		621,328			(493,177	)
Employee retention tax credit receivable, net		-			(114,212	)
Deferred subscription revenue		23,858			(56,935	)
Net cash used in operating activities		(1,551,736	)		(980,720	)
Cash flows from investing activities:
Payment of contingent consideration		-			(85,000	)
Net cash used in investing activities		-			(85,000	)
Cash flows from financing activities:
Proceeds from the exercise of employee stock options		39,772			-
Purchase of treasury stock		-			(7,213	)
Net cash used in financing activities		39,772			(7,213	)
Net decrease in cash and cash equivalents		(1,511,964	)		(1,072,933	)
Balance of cash and cash equivalents at beginning of period		13,568,049			14,739,933
Balance of cash and cash equivalents at end of period	$	12,056,085		$	13,667,000
Supplemental disclosure of cash flow information:
Cash paid during the periods:
Interest	$	-		$	512
Taxes	$	9,550		$	23,551

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Paltalk to Host Third Quarter 2024 Earnings Results Conference Call on Tuesday, November 12, 2024 at 4:30 p.m. ET

Thu, 07 Nov 2024 13:30:00 GMT

JERICHO, N.Y. - (NewMediaWire) - November 07, 2024 - Paltalk, Inc. (Nasdaq: PALT) (“Paltalk,” the “Company,” “we,” “our” or “us”), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its third quarter 2024 earnings results conference call on Tuesday, November 12, 2024 at 4:30 p.m. Eastern Time.

Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company’s results for the three and nine months ended September 30, 2024, and address stockholder questions submitted in advance of the conference call.

The details for the conference call can be found below.

Third Quarter 2024 Conference Call

Date: Tuesday, November 12, 2024

Time: 4:30 PM ET

Dial-In Phone Numbers:

Toll Free: 888-506-0062

International: 973-528-0011

Participant Access Code: 309193

Link: https://www.webcaster4.com/Webcast/Page/2856/51551

Replay:

Toll Free: 877-481-4010

International: 919-882-2331

Replay Passcode: 51551

If you would like to submit a question, please send an email with your question to nyc@clearthink.capital prior to the call. Paltalk will do its best to answer all questions.

About Paltalk, Inc.

For additional information, please visit: https://www.paltalk.com.

To be added to our news distribution list, please visit: http://www.paltalk.com/investor-alerts/.

Forward-looking Statements:

This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the risk factors set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov.

Investor Contacts:

IR@paltalk.com

ClearThink

nyc@clearthink.capital

917-658-7878

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Paltalk Holdings Announces Judge Enters Final Judgment in Connection With Cisco Jury Verdict

Fri, 11 Oct 2024 12:00:00 GMT

JERICHO, N.Y. - (NewMediaWire) - October 11, 2024 - Paltalk, Inc. (“Paltalk,” the “Company,” “we,” our,” or “us”) (NASDAQ: PALT), announced today that on October 8, 2024, an order granting a motion for final judgment (the “Final Judgment”) was entered into in the District Court for the Western District of Texas (the “Court”) in connection with the Company’s patent infringement lawsuit (the “Lawsuit”) against Cisco Systems, Inc. (“Cisco”).

As previously disclosed, on July 23, 2021, Paltalk Holdings, Inc., a wholly owned subsidiary of the Company, filed the Lawsuit against Cisco in the Court, pursuant to which the Company alleged that certain of Cisco’s products infringed U.S. Patent No. 6,683,858, and that the Company was entitled to damages. On August 29, 2024, the jury awarded the Company $65.7 million (the “Award”) in connection with the Lawsuit.

The Final Judgment, which was signed by Judge Alan D. Albright, was entered in favor of the Company in the amount of the Award and starts the time for filing any post-trial motions or appeal.

Paltalk holds 8 issued US Patents that the Company will continue to vigorously defend.

ABOUT PALTALK, INC. (Nasdaq: PALT)

Investor Contacts:

IR@paltalk.com

Clearthink

nyc@clearthink.capital

(917) 658-7878

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Paltalk Holdings, Inc. Awarded $65.7 Million Jury Verdict Against Cisco Systems Inc.

Fri, 30 Aug 2024 10:00:00 GMT

JERICHO, NY - (NewMediaWire) - August 30, 2024 - Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced that a jury in the District Court for the Western District of Texas (the “Court”) has awarded the Company $65.7 million in a verdict against Cisco Systems, Inc. (“Cisco”) for infringing U.S. Patent No. 6,683,858.

As previously disclosed, on July 23, 2021, Paltalk Holdings, Inc., a wholly owned subsidiary of the Company, filed a patent infringement lawsuit (the “Lawsuit”) against Cisco in the U.S. District Court for the Western District of Texas, pursuant to which the Company alleged that certain of Cisco’s products infringed U.S. Patent No. 6,683,858, and that the Company was entitled to damages.

On August 29, 2024, the jury awarded the Company $65.7 million (the “Award”) in a jury verdict in connection with the Lawsuit, which remains subject to post-trial proceedings (including any potential appellate proceedings by Cisco) and the entry of a final judgment by the Court. The exact amount of the Award proceeds to be received by the Company will be determined based on a number of factors and will reflect the deduction of significant litigation-related expenses, including legal fees. Consequently, the Company estimates that it would receive no more than one third of the gross proceeds in connection with the Award, subject to post-trial proceedings (including any potential appellate proceedings by Cisco) and the entry of a final judgment by the Court. Susman Godfrey LLP and Waco-based Cherry Johnson Siegmund James served as legal counsel to Paltalk in connection with the Lawsuit.

ABOUT PALTALK, INC. (Nasdaq: PALT)

To be added to our news distribution list, please visit: http://www.paltalk.com/investor-alerts/.

FORWARD-LOOKING STATEMENTS:

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements in this press release may include, but are not limited to, statements relating to the anticipated net proceeds to be received by the Company in connection with the Lawsuit. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including but not limited to the timing of and final outcome of the Lawsuit, including any potential appeals, the ultimate payment of litigation-related expenses in connection with the Lawsuit and the risk factors set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at www.sec.gov.

Investor Contacts:

IR@paltalk.com

ClearThink

nyc@clearthink.capital

917-658-7878

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