US Market News
4週前
Intelligent Protection Management Corp. Reports First Quarter 2026 Financial ResultsMay 12, 2026 4:05 PM
ACCESS NewswireQ1 2026 Total Revenue increased by over 15% compared to Q1 2025Deploying AI-solutions to unlock key growth opportunitiesJERICHO, NY / ACCESS Newswire / May 12, 2026 / 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 its financial results for the three months ended March 31, 2026.Management DiscussionJason Katz, Chairman and Chief Executive Officer of IPM, said, "We are off to a good start in 2026 with solid top line growth, as total revenue increased by over 15%. The increase in revenue was fueled by a 19% increase in our core managed information technology services and a 78.4% increase in procurement revenue in the first quarter of 2026. Managed IT revenue for the quarter was driven by a mix of new customers and the expansion of services sold to existing customers. Procurement revenue can be uneven throughout the year as it is the result of our customers both replacing existing hardware as well as purchasing new hardware in connection with new projects, which projects are traditionally tied to customer budgets that are often higher early in the calendar year. We are gaining traction in our business development efforts as our team takes steps to become more efficient and effective in marketing our services in highly regulated businesses, particularly in the healthcare, legal, finance and banking markets, where we believe we have competitive advantages over our peers. Loss from operations decreased by over 42% compared to the prior year period. The year-over-year change from net income to net loss of 182% was primarily driven by the absence of the non-recurring tax benefit recognized in the prior year period. Management believes that Adjusted EBITDA is another useful measure in assessing our performance, which improved year over year by 65% due to stronger revenue and continued operational efficiencies."We remain focused on advancing the integration of our comprehensive portfolio of IT solutions for managed IT security services, secure private cloud hosting, managed backup and disaster recovery, professional services, web hosting and other managed services. Additionally, we are expanding functionality through strategic partnerships that we believe accelerate our customers' AI capabilities and strengthen our long-term growth profile."We are collaborating with third parties to integrate artificial intelligence and predictive analytics capabilities into our platform, enabling customers to leverage AI-driven insights within existing data environments. In addition, our partnership with MASORI Therapeutics is designed to support advanced AI in order to provide accelerated results that enhance automation and system integration capabilities, improving workflow efficiency and scalability. These partnerships are intended to strengthen our technology offerings, accelerate scalable growth, strengthen customer retention and enhance the long-term value we deliver across our platform for our client base. We are highly focused on being a trusted advisor delivering successful outcomes and creating value for our customers."Mr. Katz concluded, "In addition to growing our business organically, we continue to explore strategic opportunities, including, but not limited to, potential mergers or acquisitions of other entities or assets that are synergistic to our businesses. We believe we are well positioned to integrate operations that are synergistic with our core operations that can be acquired at reasonable valuations to provide greater returns for our loyal stockholders. We look forward to building on our solid first quarter results throughout the rest of calendar 2026."Financial Highlights: Q1 2026 Three Months Ended March, 31(unaudited) Change 2026 2025 $ % Total revenues $6,354,751 $5,518,038 836,713 15.2%Loss from operations $(768,182) $(1,333,927) 565,745 42.4% Net (loss) income $(660,214) $808,530 (1,468,744) (181.7)%Net cash provided by (used in) operating activities $(195,712) $1,744,783 (1,940,495) (111.2)%Adjusted EBITDA (a non-GAAP measure) 1 $(167,519) $(482,257)) 314,738 65.3%1Adjusted 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.Operational Results: Q1 2026For the three months ended March 31, 2026, revenue totaled $6.4 million compared to $5.5 million for the three months ended March 31, 2025, an increase of 15.2%. This increase was attributed to an increase in our core managed IT services (discussed below) of 19% compared to the prior year period, as well as an increase in procurement revenue of 78.4% compared to the prior year period. Total revenue by revenue component for the first quarter ended March 31, 2026, were as follows: Core managed information technology revenue, which consists of revenue from our managed IT security services and managed backup and disaster recovery solutions, was $3.4 million, an increase of 19% from Q1 2025. Procurement revenue was $1.7 million, an increase of 78.4% from Q1 2025. Professional services revenue was $483,000, a decrease of 33.5% from Q1 2025. Subscription revenue was $254,000, a decrease of 9.7% from Q1 2025.Loss from operations for the three months ended March 31, 2026 was $0.8 million compared to $1.3 million for the three months ended March 31, 2025. Loss from operations for three months ended March 31, 2026 included $0.5 million of non-cash expense, consisting primarily of amortization and depreciation compared to $0.9 million of non-cash expense for the three months ended March 31, 2025.Net loss for the three months ended March 31, 2026 totaled $0.7 million compared to net income of $0.8 million for the three months ended March 31, 2025. Net income in 2025 was attributed to recording an income tax benefit during the first quarter of 2025 of approximately $2.1 million in connection with our acquisition of Newtek Technology Solutions, Inc. and the divestiture of our former video chat applications in January 2025.Adjusted EBITDA for the three months ended March 31, 2026, totaled negative $0.2 million compared to negative $0.5 million at March 31, 2025.At March 31, 2026, we had $8.1 million of cash and cash equivalents, including $1.0 million of restricted cash on our balance sheet and no long-term debt.We had cash used by operations of $0.2 million for the three months ended March 31, 2026 compared to cash provided by operations of $1.7 million for the three months ended March 31, 2025.Deferred revenue was $4.7 million as of March 31, 2026, which will be recognized as revenue in future quarters as products and/or services are installed.Recent Developments:Executed an extension of our existing Phoenix data center colocation license agreement with an industry-leading data center provider through August 2032.Entered into a strategic collaboration with MASORI Therapeutics ("MASORI"), an advanced artificial intelligence ("AI") platform that accelerates results by reducing cost, complexity, and time for small and medium AI models, allowing organizations to save significantly by decreasing necessary code development and providing AI-related benefits.Successfully achieved SOC 2 Type 1 compliance, a key milestone in our ongoing commitment to safeguarding customer data and delivering trusted cybersecurity and cloud infrastructure solutions.During the first quarter of 2026, 50,000 shares of common stock were repurchased under our stock repurchase plan for an aggregate of $83,491. As of March 31, 2026, all shares of common stock available for repurchase under the plan had been repurchased.Conference Call AccessThe Company will conduct a conference call for all interested parties on Tuesday, May 12, 2026, 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 (888) 506-0062 or (973) 528-0011, access code: 957253 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.webcaster5.com/Webcast/Page/2856/53935.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 53935 through Tuesday, May 26, 2026.If you would like to submit a question, please send an email with your question to IPM@lythampartners.com prior to the call. IPM will do its best to answer all appropriate questions.About IPMIntelligent Protection Management 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.comFORWARD-LOOKING STATEMENTSThis 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 anticipated benefits of the Company's strategic collaboration with MASORI; the expected ability of the Company's customers to adopt, implement, and realize efficiencies from AI solutions offered through the relationship; the Company's ability to serve as a hosting partner for third-party AI platforms and to deliver such technology to its client base; the Company's expectations of future plans, priorities and focus; the Company's expectations regarding its procurement, professional services and subscriptions businesses contributing to the Company's overall results; the Company's potential growth opportunities; the Company's plans, objectives, strategies, expectations, and 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.comINTELLIGENT PROTECTION MANAGEMENT CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
March 31,
2026 December 31,
2025 Assets (unaudited) Current assets: Cash and cash equivalents $5,675,238 $5,597,014 Cash and cash equivalents (on deposit with a related party) 1,363,391 1,801,300 Cash and cash equivalents - restricted cash (on deposit with related party) 1,046,021 1,035,747 Accounts receivable, net of allowance of $98,089 and $100,000 as of March 31, 2026 and December 31, 2025, respectively 2,157,952 1,599,725 Due from related party 50,064 75,601 Prepaid expense and other current assets 2,074,418 1,363,574 Total current assets 12,367,084 11,472,961
Property and equipment, net 507,727 550,628 Intangible assets, net 7,356,447 7,718,836 Goodwill 4,555,208 4,555,208 Operating lease right of use assets, net 4,193,680 1,140,196 Other assets 552,787 602,688 Total assets $29,532,933 $26,040,517
Liabilities and stockholders' equity Current liabilities: Accounts payable $2,248,269 $1,604,898 Accrued expenses and other current liabilities 760,446 1,031,733 Operating lease liabilities, current portion 465,656 756,590 Deferred revenue 4,652,125 3,878,114 Due to related party 68,056 46,450 Total current liabilities 8,194,552 7,317,785
Operating lease liabilities, non-current portion 3,750,794 387,906 Deferred tax liability 121,808 148,898 Total liabilities 12,067,154 7,854,589 Commitments and contingencies Stockholders' equity: Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 4,000 4,000 Common stock, $0.001 par value, 50,000,000 shares authorized, 9,878,950 shares issued and 9,035,729 and 9,085,729 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 9,879 9,879 Treasury stock, 843,221 and 793,221 shares repurchased as of March 31, 2026 and December 31, 2025, respectively (1,583,876) (1,500,385)Additional paid-in capital 44,963,303 44,939,747 Accumulated deficit (25,927,527) (25,267,313)Total stockholders' equity 17,465,779 18,185,928 Total liabilities and stockholders' equity $29,532,933 $26,040,517 INTELLIGENT PROTECTION MANAGEMENT CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited) Three Months Ended
March 31, 2026 2025 Revenue Managed information technology, includes $1,890,125 and $1,688,583 of related party revenue for the three months ended March 31, 2026 and 2025, respectively $3,920,494 $3,558,833 Procurement revenue, includes $34,438 and $54,520 of related party revenue forthe three months ended March 31, 2026 and 2025, respectively 1,696,901 951,379 Professional services revenue, includes $37,375 and $51,850 of related partyrevenue for the three months ended March 31, 2026 and 2025, respectively 483,300 726,607 Subscription revenue 254,056 281,219 Total revenue 6,354,751 5,518,038 Costs and expenses Costs of revenue 3,260,166 2,464,663 Sales, marketing and product development expense 778,029 765,364 General and administrative expense 2,507,631 2,937,897 Depreciation and amortization 475,498 684,041 Litigation expenses relating to the Cisco ManyCam Litigation 101,609 -- Total costs and expenses 7,122,933 6,851,965 Loss from operations (768,182) (1,333,927)Interest income, net 61,378 82,392 Other income 22,000 -- Loss from operations before income tax benefit (684,804) (1,251,535)Income tax benefit 24,590 2,060,065 Net (loss) income $(660,214) $808,530
Net (loss) income per share of common stock: Basic $(0.05) $0.06 Diluted $(0.05) $0.06
Basic and diluted $(0.05) $0.06 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 3,955,556 Weighted average number of shares of Common Stock used in calculating net loss per share of Common Stock, basic and diluted 9,071,393 9,236,987 Basic and diluted net (loss) income per share of Series A Preferred Stock, basic and diluted $(0.05) $0.06 Basic and diluted net (loss) income per share of Common Stock, basic and diluted $(0.05) $0.06
Weighted average number of shares of common stock used in calculating net (loss) income per share of common stock: Basic 13,071,393 13,192,543 Diluted 13,071,393 13,192,543 INTELLIGENT PROTECTION MANAGEMENT CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited) Three Months Ended
March 31, 2026 2025 Cash flows from operating activities: Net (loss) income $(660,214) $808,530 Adjustments to reconcile net (loss) income from continuing operations to net cash used in operating activities: Amortization of intangible assets and depreciation 362,389 578,065 Amortization of operating lease right-of-use assets 168,039 206,687 Depreciation on property and equipment 113,109 105,976 Income tax benefit (27,090) (2,060,065)Stock-based compensation 23,556 167,629 Credit loss expense (1,911) 3,436
Changes in operating assets and liabilities, net of acquired assets and disposition: Accounts receivable (530,779) 1,015,863 Operating lease liability (149,569) (215,265)Prepaid expense and other current assets (710,844) (784,774)Other assets 49,901 -- Accounts payable, accrued expenses and other current liabilities 393,690 2,245,148 Deferred revenue 774,011 (326,447)Net cash (used in) provided by operating activities (195,712) 1,744,783
Cash flows from investing activities: Cash paid for acquisition of fixed assets (70,208) -- Cash paid for acquisition of NTS -- (4,000,000)Net cash used in investing activities (70,208) (4,000,000)Cash flows from financing activities: Purchase of treasury stock (83,491) -- Proceeds from sale of Transferred Assets -- 1,350,000 Net cash provided by financing activities (83,491) 1,350,000 Net decrease in cash and cash equivalents (349,411) (905,217)Balance of cash, cash equivalents and restricted cash at beginning of period 8,434,061 10,588,534 Balance of cash, cash equivalents and restricted cash at end of period 8,084,650 9,683,317 Cash and cash equivalents $5,675,238 $7,834,708 Cash and cash equivalents (on deposit with related party) $1,363,391 $844,139 Cash and cash equivalents - restricted cash (on deposit with related party) $1,046,021 $1,004,470 Balance of cash and cash equivalents at end of period $8,084,650 $9,683,317 Supplemental non-cash disclosure: Operating lease extension, right of use asset $3,221,523 $-- Non-cash portion of consideration for acquisition of NTS (Series A Preferred Stock issuance) $-- $8,200,000 Use of Non-GAAP Financial MeasuresThe 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, net loss from discontinued operations, impairment loss in connection with the Divestiture and litigation expenses relating to the Cisco ManyCam Litigation (as defined below). Prior to the fiscal quarter ended September 30, 2025, the Company did not exclude litigation expenses related to the Cisco ManyCam Litigation in calculating Adjusted EBTIDA as they were not material. However, after reevaluation, the Company has determined that presenting Adjusted EBITDA without excluding such costs provides less valuable information about the Company's core operations. As a result, beginning with the fiscal quarter ended September 30, 2025, litigation expenses related to the Cisco ManyCam Litigation are now excluded from the calculation of Adjusted EBITDA. 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; the potentially dilutive impact of stock-based compensation; the provision for income taxes; litigation expenses incurred in connection with our patent defense against Cisco Systems, Inc. and Cisco Technology, Inc. (the "Cisco ManyCam Litigation"); 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 March 31,(unaudited) 2026 2025 Reconciliation of net income (loss) to Adjusted EBITDA: Net (loss) income $(660,214) $808,530 Interest income, net (61,378) (82,392)Income tax benefit (24,590) (2,060,065)Other income (22,000) -- Litigation expenses relating to the Cisco ManyCam Litigation 101,609 -- Depreciation and amortization expense 475,498 684,041 Stock-based compensation expense 23,556 167,629 Adjusted EBITDA $(167,519) $(482,257) SOURCE: Intelligent Protection Management Corp.View the original press release on ACCESS NewswireOriginal: Intelligent Protection Management Corp. Reports First Quarter 2026 Financial Results
US Market News
3月前
Intelligent Protection Management Corp. Reports Fourth Quarter and Full Year 2025 Financial ResultsMarch 17, 2026 4:05 PM
ACCESS NewswireNet Loss improved by 89% in Q4 compared to prior year period, reports Positive Adjusted EBITDA1 for Q4;
Cash flow positive from operations for the full year and fourth quarter of 2025JERICHO, NY / ACCESS Newswire / March 17, 2026 / 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 its financial results for the three months and year ended December 31, 2025.Management DiscussionJason Katz, Chairman and Chief Executive Officer of IPM, said, " We completed our first year of operations following the acquisition of Newtek Technology Solutions. During 2025, we made significant progress in a number of key areas, including revenue growth, expense optimization and risk management. In the fourth quarter, revenue in our core business, Managed information technology revenue (excluding web hosting), increased sequentially by 7%, net loss declined by 42%, and Adjusted EBITDA1 was positive. Cash flow from operations was positive for both the quarter and the full year, and as of December 31, 2025, we had cash and cash equivalents totaling $8.4 million and no long-term debt."Mr. Katz concluded, "We are pleased with the results of our first full year operating as a managed technology solutions provider. We believe we have important differentiators that set us apart from our industry competitors and have significant competitive advantages over our peers in highly regulated vertical markets, including legal, healthcare, finance and banking markets. We provide our customers with a high-touch experience with dedicated technology managers as a single point of contact, as opposed to the majority of competitors in our industry. We do not utilize voice response, telephonic menus or transferal of off service calls to agents in call centers in foreign countries. Our clients speak directly to their IPM account team members who understand our clients' needs and goals. This is an important IPM customer service advantage that fuels our superior customer retention. We look forward to the opportunities ahead in 2026 as we execute on our plan to grow revenue both organically and through potential acquisitions, while optimizing expenses."Financial Highlights: Q4 2025 and the Year Ended December 31, 2025 Three Months Ended December, 31(unaudited) Change 2025 2024 $ % Total revenues $6,133,803 $279,879 5,853,924 2091.6%Operating loss from continuing operations (819,791) (1,578,115) 758,324 48.1%Net loss from continuing operations (631,968) (1,422,089) 790,121 55.6%Net loss $(631,968) $(5,490,501) 4,858,533 88.5%Net cash provided by (used in) operating activities - continuing operations $87,582 $(251,251) 338,833 134.9%Adjusted EBITDA (a non-GAAP measure) 1 $4,630 $(1,548,947) 1,553,577 100.3% Year Ended December 31, Change 2025 2024 $ % Total revenues $23,612,459 $1,098,280 22,514,179 2049.9%Operating loss from continuing operations (4,719,179) (5,121,549) 402,370 7.9%Net loss from continuing operations (1,956,536) (4,268,675) 2,312,139 54.2%Net loss $(1,956,536) $(8,426,209) 6,469,673 76.8%Net cash provided by (used in) operating activities - continuing operations $1,076,724 $(2,661,653) 3,738,377 140.5%Adjusted EBITDA (a non-GAAP measure) 1 $(1,116,037) $(4,431,852) 3,315,815 74.8%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.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 months and year ended December 31, 2025 primarily reflect the operations acquired from NTS, 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.For the three months ended December 31, 2025, revenue totaled $6.1 million. On a sequential basis, total revenue decreased 1.7% from the third quarter of 2025. Revenue for the full year ended December 31, 2025 totaled $23.6 million. Total revenue by revenue component for the fourth quarter and year ended December 31, 2025 were as follows: Managed information technology revenue was $3.9 million and $14.8 million, respectively. Procurement revenue was $1.5 million and $5.4 million, respectively. Professional services revenue was $0.4 million and $2.3 million, respectively. Subscription revenue was $0.3 million and $1.1 million, respectively.Operating loss from continuing operations for the three months ended December 31, 2025 totaled $0.8 million. Operating loss from continuing operations for the full year ended December 31, 2025 totaled $4.7 million.Net loss for the three months ended December 31, 2025 totaled $0.6 million. Net loss for the full year ended December 31, 2025 totaled $2.0 million. We recorded an income tax benefit during the first quarter of 2025 of approximately $2.1 million in connection with our acquisition of NTS and the divestiture of our "Paltalk", "Camfrog" and "Vumber" applications.Adjusted EBITDA1 for the three months ended December 31, 2025 was positive $5.0 thousand. Adjusted EBITDA for the full year ended December 31, 2025 was negative $1.1 million.As of December 31, 2025, we had no long-term debt, and cash and cash equivalents totaled $8.4 million (including $1.0 million of restricted cash).Cash provided by continuing operations for the full year ended December 31, 2025 was $1.1 million.We reported deferred revenue of $3.9 million for full year 2025, which will be recognized as revenue in future quarters as products and/or services are installed.We had more than 10,000 devices under management at December 31, 2025, representing the number of endpoints, servers and network devices that are outsourced to us under managed services agreements.Recent developments include:Executed an extension of our existing Phoenix data center license agreement with an industry-leading provider through August 31, 2032. The extension reinforces a long-standing strategic relationship and supports our continued focus on scalable, secure, and highly reliable digital infrastructure.Achieved SOC Type 1 Compliance, a key milestone in our ongoing commitment to safeguarding customer data and delivering trusted cybersecurity and cloud infrastructure solutions.Engaged with partners to enhance our Managed IT Security Services, Secure Private Cloud Hosting, and Professional Services with artificial intelligence features and data readiness benefits that we believe help customers achieve faster operational results, smarter strategic decisions and better business outcomes.Conference Call AccessThe Company will conduct a conference call for all interested parties on Tuesday, March 17, 2026, 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 (888) 506-0062, or (973) 528-0011 access code: 670919 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.webcaster5.com/Webcast/Page/2856/53606.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 53606 through Tuesday, March 31, 2026.If you would like to submit a question, please send an email with your question to IPM@lythampartners.com prior to the call. IPM will do its best to answer all appropriate questions.About IPMIntelligent Protection Management 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.comFORWARD-LOOKING STATEMENTSThis 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 and focus; the Company's expectations regarding its procurement, professional services and subscriptions businesses contributing to the Company's overall results; the Company's potential growth opportunities; the Company's plans, objectives, strategies, expectations, and 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 center licenses; 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.comINTELLIGENT PROTECTION MANAGEMENT CORP.
CONSOLIDATED BALANCE SHEETS December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $5,597,014 $10,588,534 Cash and cash equivalent (on deposit with related party) 1,801,300 -- Cash and cash equivalents - restricted cash (on deposit with related party) 1,035,747 -- Accounts receivable, net of allowance of $100,000 1,599,725 -- Due from related party 75,601 -- Prepaid expense and other current assets 1,363,574 462,422 Employee retention tax credit receivable, net -- 114,212 Assets held for sale - current -- 72,925 Total current assets 11,472,961 11,238,093 Property and equipment, net 550,628 -- Intangible assets, net 7,718,836 1,882,781 Goodwill 4,555,208 -- Assets held for sale - noncurrent -- 2,663,229 Operating lease right-of-use assets, net 1,140,196 74,490 Other assets 602,688 13,937 Total assets $26,040,517 $15,872,530 Liabilities and stockholders' equity Current liabilities: Accounts payable $1,604,898 380,298 Accrued expenses and other current liabilities 1,031,733 509,759 Due to related party 46,450 -- Operating lease liabilities, current portion 756,590 74,490 Deferred subscription revenue 3,878,114 555,039 Liabilities held for sale - current -- 2,024,237 Total current liabilities 7,317,785 3,543,823 Operating lease liabilities, non-current portion 387,906 -- Deferred tax liability 148,898 429,045 Total liabilities 7,854,589 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 outstanding as of December 31, 2025 and 2024, respectively 4,000 -- Common stock, $0.001 par value, 50,000,000 shares authorized, 9,878,950 shares issued and 9,085,729 and 9,236,987 shares outstanding as of December 31, 2025 and 2024, respectively 9,879 9,879 Treasury stock, 793,221 and 641,963 shares repurchased as of December 31, 2025 and 2024, respectively (1,500,385) (1,199,337)Additional paid-in capital 44,939,747 36,399,897 Accumulated deficit (25,267,313) (23,310,777)Total stockholders' equity 18,185,928 11,899,662 Total liabilities and stockholders' equity $26,040,517 15,872,530 INTELLIGENT PROTECTION MANAGEMENT CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS Years Ended
December 31, 2025 2024 Revenue Managed information technology revenue, includes $7,309,250 and $0 of relatedparty revenue for the year ended December 31, 2025 and 2024, respectively 14,813,411 -- Procurement revenue, includes $117,787 and $0 of related party revenuefor the year ended December 31, 2025 and 2024, respectively 5,389,906 -- Professional services revenue, includes $182,513 and $0 of related partyrevenue for the year ended December 31, 2025 and 2024, respectively 2,305,787 -- Subscription revenue 1,103,355 1,098,280 Total revenue 23,612,459 1,098,280 Costs and expenses, exclusive of depreciation and amortization shown separately below Costs of revenue 11,272,929 262,888 Sales, marketing and product development expense (includes $344,365 in 2025 of related party expense) 3,253,890 277,244 General and administrative expense 10,545,528 4,858,001 Depreciation and amortization 2,541,511 821,696 Litigation expenses relating to the Cisco ManyCam Litigation 717,780 -- Total costs and expenses 28,331,638 6,219,829 Operating loss from continuing operations (4,719,179) (5,121,549)Interest income, net 340,831 569,016 Other income, net 95,013 146,269 Loss from continuing operations before income tax benefit (4,283,335) (4,406,264)Income tax benefit 2,326,799 137,589 Net loss from continuing operations (1,956,536) (4,268,675)Loss from discontinued operations, net of income tax expense of $24,357 -- (4,157,534)Net loss $(1,956,536) $(8,426,209) Net loss per share of common stock: Basic - continuing operations $(0.15) $(0.48)Diluted - continuing operations $(0.15) $(0.48) Basic - discontinued operations $-- $(0.43)Diluted - discontinued operations $-- $(0.43) Basic and diluted $(0.15) $(0.91)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 3,989,041 -- Weighted average number of shares of Common Stock used in calculating net loss per share of Common Stock, basic and diluted 9,157,745 9,227,197 Basic and diluted net loss per share of Series A Preferred Stock, basic and diluted (0.15) -- Basic and diluted net loss per share of Common Stock, basic and diluted (0.15) (0.48) Weighted average number of shares of Common Stock used in calculating net loss per share of Common Stock: Basic and diluted 13,146,786 9,227,197 INTELLIGENT PROTECTION MANAGEMENT CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS Years Ended
December 31, 2025 2024 Cash flows from operating activities: Net loss $(1,956,536) $(8,426,209)Net loss from discontinued operations -- 4,157,534 Net loss from continuing operations $(1,956,536) $(4,268,675) Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities: Amortization of intangible assets 2,073,945 821,696 Amortization of operating lease right-of-use assets 415,661 83,700 Depreciation of property and equipment 467,567 -- Income tax liability (2,329,547) (71,764)Deferred tax liability -- (137,589)Stock-based compensation 343,850 151,412 Allowance for credit losses 3,436 -- Changes in operating assets and liabilities, net of acquisition: Accounts receivable 2,186,799 -- Operating lease liability (411,361) (83,700)Employee retention tax credit receivable, net 114,212 -- Prepaid expense and other current assets (466,344) 95,343 Other assets (588,751) Accounts payable, accrued expenses and other current liabilities, related party 1,350,718 737,327 Deferred subscription revenue (126,925) 10,597 Net cash provided by (used in) operating activities - continuing operations 1,076,724 (2,661,653) Net cash used in operating activities -discontinued operations -- (357,634) Net cash provided by (used in) operating activities 1,076,724 (3,019,287) 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 (301,048) -- Proceeds from exercise of employee stock options -- 39,772 Net cash provided by financing activities 1,048,952 39,772 Net decrease in cash and cash equivalents (2,154,473) (2,979,515)Balance of cash and cash equivalents at beginning of year 10,588,534 13,568,049 Balance of cash and cash equivalents and restricted cash and cash equivalents at end of year $8,434,061 $10,588,534 Cash and cash equivalents $5,597,014 $10,588,534 Cash and cash equivalents (on deposit with related party) $1,801,300 -- Cash and cash equivalents - restricted cash (on deposit with related party) $1,035,747 -- Balance of cash and cash equivalents at end of year $8,434,061 $10,588,534 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 MeasuresThe 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, net loss from discontinued operations, impairment loss in connection with the Divestiture and litigation expenses relating to the Cisco ManyCam Litigation (as defined below). Prior to the fiscal quarter ended September 30, 2025, the Company did not exclude litigation expenses related to the Cisco ManyCam Litigation in calculating Adjusted EBTIDA as they were not material. However, after reevaluation, the Company has determined that presenting Adjusted EBITDA without excluding such costs provides less valuable information about the Company's core operations. As a result, beginning with the fiscal quarter ended September 30, 2025, litigation expenses related to the Cisco ManyCam Litigation are now excluded from the calculation of Adjusted EBITDA. 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; the potentially dilutive impact of stock-based compensation; the provision for income taxes; litigation expenses incurred in connection with our patent defense against Cisco Systems, Inc. and Cisco Technology, Inc. (the "Cisco ManyCam Litigation"); 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 EndedDecember 31,(unaudited) Year EndedDecember 31, 2025 2024 2025 2024 Reconciliation of net loss to Adjusted EBITDA: Net loss$(631,968) $(1,422,089
) $(1,956,536) $(4,268,675)Net loss from discontinued operations -- (4,068,412) -- (4,157,534)Interest income, net (67,655) (115,284) (340,831) (569,016)Income tax expense, discontinued operations -- 15,586, -- 24,357 Income tax benefit (88,905)
(40,742) (2,326,799) (137,589)Other income, net (31,263) - (95,013) (146,269)Litigation expenses relating to the Cisco ManyCam Litigation 210,599 - 717,780 -- Depreciation and amortization expense 559,277 204,946 2,541,512 821,696 Impairment loss in connection with Divestiture -- 3,849,766 -- 3,849,766 Stock-based compensation expense 54,545 27,282 343,850 151,412 Adjusted EBITDA$4,630 $(1,548,947) $(1,116,037) $(4,431,852) SOURCE: Intelligent Protection Management Corp.View the original press release on ACCESS NewswireOriginal: Intelligent Protection Management Corp. Reports Fourth Quarter and Full Year 2025 Financial Results
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
glenn1919
3月前
Realms Unknown
3月前
Lime Time
1年前
Awl416
2年前
Monksdream
2年前
willlbone
2年前
starkd748
4年前
diskman
4年前
king koopa
4年前
Just-Keep-Trying
4年前
FROZENFLAME
4年前
メールアドレスで登録
