Paltalk
PALT

$2.96

9.91%

Market Cap: $27.3M

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 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

300% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 1

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

24% more capital invested

Capital invested by funds: $1.31M [Q1] → $1.63M (+$321K) [Q2]

20% more funds holding

Funds holding: 10 [Q1] → 12 (+2) [Q2]

0.22% less ownership

Funds ownership: 4.62% [Q1] → 4.41% (-0.22%) [Q2]

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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 5 articles about PALT published over the past 30 days

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

PALT Investigation: Halper Sadeh LLC Is Investigating Whether the Merger of Paltalk, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether Paltalk, Inc.'s (NASDAQ: PALT) acquisition of Newtek Technology Solutions, Inc., a wholly owned subsidiary of NewtekOne, Inc., is fair to Paltalk shareholders. Under the terms of the acquisition, Paltalk will acquire Newtek Technology Solutions for $4 million in cash and 4 million shares of a newly created series of preferred stock, subject to certain adjustments. In addition, NewtekOne is entitle.

PALT Investigation: Halper Sadeh LLC Is Investigating Whether the Merger of Paltalk, Inc. Is Fair to Shareholders

Paltalk to Host Second Quarter 2024 Earnings Results Conference Call on Tuesday, August 13, 2024 at 4:30 p.m. ET

JERICHO, NY, Aug. 05, 2024 (GLOBE NEWSWIRE) -- 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 second quarter 2024 earnings results conference call on Tuesday, August 13, 2024 at 4:30 p.m. Eastern Time.

Paltalk to Host Second Quarter 2024 Earnings Results Conference Call on Tuesday, August 13, 2024 at 4:30 p.m. ET

Paltalk, Inc. Reports Increased Operating Efficiencies with 69% Reduction in Net Loss for Fiscal Year 2023

Net Cash Used in Operating Activities for Q4 2023 was $0.1 Million Q4 2023 Cash Balance Remains Strong at $13.6 Million and No Long-Term Debt JERICHO, NY, March 15, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 fourth quarter and year ended December 31, 2023. Key Financial Highlights for Fourth Quarter Ended December 31, 2023 Compared to Prior Year Period Total Revenue decreased 4% to $2.7 million Subscription revenue decreased 5% to $2.6 million Advertising revenue increased 40% to $0.1 million Net loss was $0.3 million compared to a net loss of $0.5 million, an improvement of 43% Adjusted EBITDA1 loss was $0.2 million compared to Adjusted EBITDA1 loss of $0.5 million, an improvement of 53% Net cash used in operating activities for the quarter was $0.1 million Key Financial Highlights for Year Ended December 31, 2023 Compared to Prior Year Period Total Revenue remained relatively unchanged at $11.0 million Subscription revenue remained relatively unchanged at $10.6 million Advertising revenue increased 1.9% to $0.3 million Net loss was $1.1 million compared to a net loss of $3.4 million, an improvement of 68% Adjusted EBITDA1 loss was $1.0 million compared to Adjusted EBITDA1 loss of $2.6 million, an improvement of 62% Deferred revenue decreased 9% to $2.0 million as of December 31, 2023 The Company had $13.6 million in cash and no long-term debt on its balance sheet as of December 31, 2023 Business Highlights for the Year Ended December 31, 2023 Leveraging our integration of the ManyCam product into Paltalk through upselling initiatives Further optimizing marketing spend to effectively realize a positive return on our investment Evaluating avenues to optimize and reduce expenses with our infrastructure Continuing to explore strategic opportunities, including, but not limited to, potential mergers or acquisitions of other assets or entities that are synergistic to our businesses Continuing to defend our intellectual property 1 Adjusted EBITDA is a non-GAAP financial measure.

Paltalk, Inc. Reports Increased Operating Efficiencies with 69% Reduction in Net Loss for Fiscal Year 2023

Paltalk to Host Fourth Quarter and Full Year 2023 Earnings Results Conference Call on Friday, March 15, 2024 at 9:00 a.m. ET

JERICHO, NY, March 11, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 fourth quarter and full year 2023 earnings results conference call on Friday, March 15, 2024 at 9:00 a.m. Eastern Time.

Paltalk to Host Fourth Quarter and Full Year 2023 Earnings Results Conference Call on Friday, March 15, 2024 at 9:00 a.m. ET

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