Paltalk

Paltalk, Inc. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm's product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.

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Paltalk acquires Newtek amidst Q2 revenue decline and legal battles

Paltalk faced challenges in Q2 2024 with revenue decline and significant losses, but the acquisition of Newtek offers growth prospects.
Maintaining a strong cash balance and addressing revenue diversification can help mitigate financial risks.
Resolving the legal dispute with Cisco and focusing on operational efficiency present opportunities for future improvement.

Paltalk reports Q3 revenue decline, wins legal battle against Cisco

Paltalk faces challenges with declining revenue and losses in Q3 2024 but benefits from a strong legal win and a pending acquisition.
Maintaining a healthy cash position and focusing on core operations are strengths for the company.
Opportunities lie in diversification through acquisitions, profitability improvements, and leveraging legal victories.
Strategic actions to address challenges and capitalize on opportunities will be crucial for Paltalk's future performance.

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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

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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Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For October

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

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 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

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. (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

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

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

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

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

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

Paltalk, Inc. (NASDAQ:PALT ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Kara Jenny - CFO Jason Katz - CEO Conference Call Participants Operator Good afternoon, and welcome to the earnings call for Paltalk's Third Quarter Ended September 30, 2023. At this time, all participants have been placed on a listen-only mode.

Paltalk, Inc. (PALT) Q3 2023 Earnings Call Transcript

Generated Positive Cash Flow from Operations for Quarter JERICHO, NY, Nov. 07, 2023 (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 third quarter ended September 30, 2023. Key Financial Highlights for Third Quarter Ended September 30, 2023 Compared to Prior Year Period Revenue increased 5.5% to $2.8 million Subscription revenue increased 5% to $2.7 million Advertising revenue increased 12% to $0.1 million Net loss was $0.2 million compared to a net loss of $1.1 million, a decrease of 83% Adjusted EBITDA loss, a non-GAAP measure, was $0.1 million compared to Adjusted EBITDA loss of $0.8 million, a decrease of 84% Positive cash flow from operations for the quarter Key Financial Highlights for Nine Months Ended September 30, 2023 Compared to Prior Year Period Revenue increased 1% to $8.3 million Subscription revenue increased 1% to $8.1 million Advertising revenue decreased 10% to $0.2 million Net loss was $0.8 million compared to a net loss of $2.9 million, a decrease of 73% Adjusted EBITDA loss, a non-GAAP measure, was $0.8 million compared to Adjusted EBITDA loss of $2.2 million, a decrease of 64% Deferred revenue of $2.2 million as of September 30, 2023 The Company had $13.7 million in cash and no long-term debt on its balance sheet as of September 30, 2023 Recent Corporate and Business Highlights Appointed Geoff Cook to Board of Directors; previously, Mr.

Paltalk, Inc. Reports an Increase in Revenue of 5.5% in Third Quarter 2023

JERICHO, NY, Nov. 01, 2023 (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 third quarter 2023 earnings results conference call on Tuesday, November 7, 2023 at 4:30 p.m. Eastern Time.

Paltalk to Host Third Quarter 2023 Earnings Results Conference Call on Tuesday, November 7, 2023 at 4:30 p.m. ET

Will Serve as Member of Strategic Transactions and Nominating Committees JERICHO, NY, Oct. 11, 2023 (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 that Geoffrey Cook was appointed to the board of directors of the Company, effective immediately. The Company increased the size of the board of directors from five (5) directors to six (6) directors, and Mr.

Paltalk, Inc. Appoints Geoff Cook to Board of Directors

JERICHO, NY, Oct. 05, 2023 (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 that Company CEO Jason Katz has been invited to present at the 2023 Virtual Tech Conference Series, presented by Maxim Group LLC and hosted by M-Vest, on October 10th - 11th from 9:00 a.m. - 5:00 p.m. EDT.

Paltalk, Inc. to Participate in the 2023 Virtual Tech Conference Series Presented by Maxim Group LLC and Hosted by M-Vest on October 10th - 11th From 9:00 a.m. - 5:00 p.m.

Cleverbridge Optimizes Paltalk's Geographic Reach With Global Payment Processing Capabilities JERICHO, NY, Sept. 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, is pleased to announce its engagement of Cleverbridge, a growth engine for global technology companies.

Paltalk, Inc. Engages With Cleverbridge to Serve International Markets

Paltalk, Inc. (NASDAQ:PALT ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Jason Katz - CEO Kara Jenny - CFO Conference Call Participants Operator Good day, and welcome to the earnings call for Paltalk's Second Quarter ended June 30, 2023. At this time, all participants have been placed on a listen-only mode.

Paltalk, Inc. (PALT) Q2 2023 Earnings Call Transcript

Reports Significant Improvements in Net Income and Adjusted EBITDA

Paltalk, Inc. Reports 12% Revenue Growth to $3.0 Million in Second Quarter 2023

JERICHO, NY, Aug. 01, 2023 (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 second quarter 2023 earnings results conference call on Tuesday, August 8, 2023 at 4:30 p.m. Eastern Time.

Paltalk to Host Second Quarter 2023 Earnings Results Conference Call on Tuesday, August 8, 2023 at 4:30 p.m. ET

Paltalk, Inc. (NASDAQ:PALT ) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET Company Participants Jason Katz - CEO Kara Jenny - CFO Operator Good afternoon, and welcome to the earnings call for Paltalk's first quarter ended March 31, 2023. [Operator Instructions] It is now my pleasure to turn the floor over to your hosts, Jason Katz, Chief Executive Officer of Paltalk; and Kara Jenny, Chief Financial Officer of Paltalk.

Paltalk, Inc. (PALT) Q1 2023 Earnings Call Transcript

$13.9 Million in Cash and Cash Equivalents at March 31, 2023 JERICHO, NY , May 09, 2023 (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 first quarter ended March 31, 2023. Key Financial Highlights for F irst Quarter Ended March 3 1 , 202 3 Compared to Prior Year Period Revenue decreased 12.4% to $2.6 million Subscription revenue decreased 12.0% to $2.5 million Advertising revenue decreased 27.4% to $0.1 million Net loss remained relatively unchanged at $0.7 million Adjusted EBITDA loss increased 33.8% to $0.6 million Deferred revenue increased 17% to $2.2 million Repurchased 5,192 shares of common stock during the three months ended March 31, 2023 pursuant to our stock repurchase plan at an average price per share of $1.39; the stock repurchase plan expired on March 29, 2023 The Company had $13.9 million in cash and no long-term debt on its balance sheet as of March 31, 2023 Near Term Business Objectives Promoting expansion of the ManyCam product into business-to-business markets as well as working to integrate ManyCam as an upsell into our Paltalk product Continuing to implement several enhancements to our live video chat applications as well as the integration of card and board games and other features focused on retention and monetization, which collectively are intended to increase user engagement and revenue opportunities 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 develop our consumer application platform strategy by seeking potential partnerships with large third-party communities to whom we could promote a co-branded version of our video chat products and potentially share in the incremental revenues generated by these partner communities Continuing to defend our intellectual property Patent Litigation On July 23, 2021, a wholly owned subsidiary of the Company, Paltalk Holdings, Inc., filed a patent infringement 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.

Paltalk, Inc. Reports First Quarter 2023 Financial Results

JERICHO, NY, May 02, 2023 (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 that, due to a scheduling conflict, the start time of the 2023 annual meeting of stockholders (the “Annual Meeting”) has been adjusted from 9:00 a.m. Eastern Time to 10:00 a.m. Eastern Time. The Annual Meeting will still be held virtually by means of a live audio webcast on May 11, 2023.

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