Paltalk
PALT
Market cap $16.9M

1.83 USD

-0.07

3.68%

At close Nov 19, 4:00 PM EST

1 day

-3.68%

5 days

-4.69%

1 month

-15.28%

3 months

-54.14%

6 months

-44.04%

Year to date

-22.13%

1 year

5.78%

5 years

-47.56%

10 years

-47.56%

About: Paltalk Inc is a communications software innovator. It operates a network of consumer applications where users can meet, see, chat, broadcast and message in real-time in a secure environment with others in the network. The company's product portfolio includes Paltalk, Camfrog, Tinychat and Vumber. Its consumer applications generate revenue principally from subscription fees and advertising arrangements. The company's majority revenue is generated from live video chat products that are :Paltalk and Camfrog.

Employees: 17

Industrials Business Services

0

Funds holding %

of 6,735 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

67% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 3

0.28% more ownership

Funds ownership: 4.41% [Q2] → 4.68% (+0.28%) [Q3]

0% more funds holding

Funds holding: 12 [Q2] → 12 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

15% less capital invested

Capital invested by funds: $1.63M [Q2] → $1.4M (-$238K) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for PALT.

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Financial journalist opinion

Based on 4 articles about PALT published over the past 30 days

Paltalk, Inc. (PALT) Q3 2024 Earnings Call Transcript

Paltalk, Inc. (NASDAQ:PALT ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Kara Jenny - Chief Financial Officer Jason Katz - Chief Executive Officer Conference Call Participants Operator Greetings, and welcome to the Paltalk Third Quarter 2024 Results Conference Call. At this time, all participants are on a listen-only mode.

Paltalk, Inc. (PALT) Q3 2024 Earnings Call Transcript

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Paltalk, Inc. – PALT

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Paltalk, Inc. ( N asdaq: PALT ) , relating to its proposed merger with Newtek Technology Solutions, Inc. Under the terms of the agreement, Paltalk has agreed to pay Newtek an amount in cash equal to $4,000,000, subject to customary purchase price adjustments, and issue Newtek 4,000,000 shares of a newly created series of Paltalk's preferred stock, the Series A Non-Voting Common Equivalent Stock. The newly created preferred stock will automatically convert into one share of Paltalk common stock upon the occurrence of certain qualifying dispositions by Newtek.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Paltalk, Inc. – PALT

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Paltalk, Inc. – PALT

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Paltalk, Inc. ( N asdaq: PALT) , relating to its proposed merger with Newtek Technology Solutions, Inc. Under the terms of the agreement, Paltalk has agreed to pay Newtek an amount in cash equal to $4,000,000, subject to customary purchase price adjustments, and issue Newtek 4,000,000 shares of a newly created series of Paltalk's preferred stock, the Series A Non-Voting Common Equivalent Stock. The newly created preferred stock will automatically convert into one share of Paltalk common stock upon the occurrence of certain qualifying dispositions by Newtek.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Paltalk, Inc. – PALT

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

JERICHO, N.Y. , Oct. 11, 2024 (GLOBE NEWSWIRE) -- 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”).

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

NewtekOne: Undervalued On 6.5% Dividend Yield, Paltalk Equity, Rate Cut Euphoria

I've been buying NewtekOne, Inc.'s shares for its 6.5% dividend yield. NewtekOne's transformation from a business development company to a bank holding company came as the banking crisis from high interest rates began. Despite challenges, NEWT's fiscal 2024 second-quarter revenue rose 22.4% year-over-year, beating estimates, with GAAP earnings of $0.43 per share.

NewtekOne: Undervalued On 6.5% Dividend Yield, Paltalk Equity, Rate Cut Euphoria

Paltalk stock plummets 35% despite $65.7 million win against Cisco

Paltalk Inc (NASDAQ: PALT) has achieved a significant legal victory with a $65.7 million verdict in its patent infringement lawsuit against Cisco Systems Inc. This ruling by a US district court jury is a major win for Paltalk, a smaller player in the tech industry, against one of the world's leading networking equipment manufacturers.

Paltalk stock plummets 35% despite $65.7 million win against Cisco

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

JERICHO, NY, Aug. 30, 2024 (GLOBE NEWSWIRE) -- 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.

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

Paltalk, Inc. (PALT) Q2 2024 Earnings Call Transcript

Paltalk, Inc. (NASDAQ:PALT ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Kara Jenny - Chief Financial Officer Jason Katz - Chief Executive Officer Conference Call Participants Operator Greetings, and welcome to the Paltalk Second Quarter 2024 Results Conference Call. At this time, all participants are on a listen-only mode.

Paltalk, Inc. (PALT) Q2 2024 Earnings Call Transcript

Paltalk, Inc. Reports Results for Second Quarter 2024

Cash Balance of $12.8 Million at June 30, 2024 JERICHO, NY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- 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 second quarter ended June 30, 2024. Key Financial Highlights for Second Quarter Ended June 30, 2024 Compared to Prior Year Period Revenue decreased 24.7% to $2.2 million Subscription revenue decreased 26.1% to $2.1 million Advertising revenue increased 29.2% to $0.1 million Net loss was $0.9 million compared to a net income of $0.1 million, a decline of 788.8% Adjusted EBITDA1 loss was $0.9 million compared to Adjusted EBITDA1 loss of $14,945 Cash balance decreased $0.2 million from the first quarter of 2024 to $12.8 million Key Financial Highlights for the Six Months Ended June 30, 2024 Compared to Prior Year Period Revenue decreased 12.6% to $4.8 million Subscription revenue decreased 14.4% to $4.6 million Advertising revenue increased 59.6% to $0.2 million Net loss was $1.4 million compared to a net loss of $0.6 million, an increase of 136.7% Adjusted EBITDA1 loss was $1.4 million compared to Adjusted EBITDA1 loss of $0.7 million Net cash used in operating activities for the six months ended decreased 22.5% to $0.8 million Deferred revenue decreased 12.6% to $1.9 million as of June 30, 2024 compared to June 30, 2023 The Company had $12.8 million in cash and no long-term debt on its balance sheet as of June 30, 2024 Operational Highlights Entered into an Agreement and Plan of Merger (the “Agreement”) to acquire Newtek Technology Solutions, Inc. (“NTS”) from NewtekOne, Inc. (“Newtek”), the sole stockholder of NTS, through a two-step merger process.

Paltalk, Inc. Reports Results for Second Quarter 2024

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