Paltalk, Inc. (PALT): Canvas del Modelo de Negocio [Actualizado en Ene-2025]

En el ámbito dinámico de la comunicación digital, Paltalk, Inc. (PALT) emerge como una plataforma pionera que transforma la forma en que las personas se conectan a través de los límites globales. Combinando la tecnología de video chat de vanguardia con capacidades innovadoras de redes sociales, esta compañía ha creado un modelo comercial multifacético que trasciende las plataformas de comunicación tradicionales. Al ofrecer un ecosistema único de experiencias interactivas, que se extiende desde interacciones básicas gratuitas hasta opciones de participación premium, Palkalk se ha posicionado como un espacio de interacción digital versátil que atiende a diversas necesidades y preferencias de los usuarios.

Paltalk, Inc. (PALT) - Modelo de negocio: asociaciones clave

Plataformas tecnológicas para chat de video y transmisión

Paltalk colabora con las siguientes plataformas de tecnología:

Plataforma	Detalles de la asociación	Año de integración
Tecnologías de WebRTC	Infraestructura de comunicación en tiempo real	2019
Agora.io	Integración de transmisión de video SDK	2021
Tokbox opentok	API de comunicación de video	2018

Proveedores de servicios en la nube para infraestructura

Las asociaciones de infraestructura en la nube de Paltalk incluyen:

Proveedor de nubes	Servicios utilizados	Gasto anual
Servicios web de Amazon (AWS)	Calculación, almacenamiento, redes	$ 1.2 millones
Plataforma en la nube de Google	Aprendizaje automático, análisis	$650,000

Redes de publicidad digital

Asociaciones de publicidad digital de Paltalk:

• Google Admob: integración de publicidad móvil
• Red de audiencia de Facebook: orientación de anuncios multiplataforma
• APLAVIN: adquisición de usuarios móviles

Plataformas de redes sociales para la adquisición de usuarios

Métricas clave de la asociación de redes sociales:

Plataforma	Tasa de referencia de usuario	Referencias activas mensuales
Facebook	37%	125,000
Instagram	22%	75,000
Tiktok	15%	50,000

Paltalk, Inc. (PALT) - Modelo de negocio: actividades clave

Desarrollo de la plataforma de chat de video

Paltalk mantiene una compleja plataforma de video chat con múltiples requisitos tecnológicos:

Métrico de desarrollo	Estado actual
Usuarios concurrentes de plataforma	Aproximadamente 500,000 usuarios activos
Inversión de desarrollo de plataforma anual	$ 2.3 millones
Tamaño del equipo de ingeniería de software	22 desarrolladores a tiempo completo

Interfaz de usuario y mejora de la experiencia

Las áreas de enfoque tecnológico clave incluyen:

• Optimización de transmisión de video en tiempo real
• Compatibilidad multiplataforma
• Refinamiento de la interfaz móvil

Moderación de contenido y gestión comunitaria

Métrica de moderación	Rendimiento trimestral
Incidentes de contenido informados	3.750 incidentes
Tamaño del equipo de moderación	18 revisores de contenido a tiempo completo
Cobertura de moderación automatizada	67% de las interacciones del usuario

Optimización de publicidad digital

Métricas de generación de ingresos publicitarios:

• Ingresos de publicidad digital anual: $ 4.1 millones
• Tasa promedio de CPM: $ 3.25
• Alcance publicitario dirigido: 750,000 usuarios mensuales

Innovación tecnológica y actualizaciones de software

Métrica de innovación	Rendimiento actual
Inversión anual de I + D	$ 1.7 millones
Frecuencia de actualización de software	Actualizaciones principales trimestrales
Solicitudes de patentes	3 patentes tecnológicas pendientes

Paltalk, Inc. (PALT) - Modelo de negocio: recursos clave

Tecnología de comunicación de video patentada

A partir del cuarto trimestre de 2023, la tecnología de comunicación de video de Paltalk es compatible con:

• Múltiples transmisiones de video simultáneas
• Calidad de video HD hasta 1080p
• Compatibilidad multiplataforma

Métrica de tecnología	Especificación
Soporte de ancho de banda	128 kbps - 4 Mbps
Estado latente	Menos de 200 milisegundos
Estándar de cifrado	AES 256 bits

Base de datos de usuarios y red comunitaria

Métricas de usuarios de Paltalk a diciembre de 2023:

• Total de usuarios registrados: 4.2 millones
• Usuarios activos mensuales: 750,000
• Duración promedio de la sesión: 27 minutos

Talento de ingeniería de software

Estadísticas de la fuerza laboral de ingeniería:

• Empleados de ingeniería total: 42
• Experiencia promedio: 7.3 años
• Ubicaciones: Estados Unidos (primario)

Infraestructura de computación en la nube

Componente de infraestructura	Especificación
Proveedores de nubes	AWS, Google Cloud
Ubicación del servidor	América del Norte, Europa
Capacidad total del servidor	500 TB

Propiedad intelectual y patentes de software

Cartera de patentes a partir de 2024:

• Patentes activas totales: 12
• Categorías de patentes: comunicación de video, interfaz de usuario
• Jurisdicciones de patentes: Estados Unidos, Unión Europea

Paltalk, Inc. (PALT) - Modelo de negocio: propuestas de valor

Plataforma interactiva de comunicación de video en vivo

Paltalk ofrece una plataforma de comunicación de video en tiempo real con las siguientes métricas clave:

Métrica de plataforma	Datos cuantitativos
Usuarios activos mensuales	3.2 millones de usuarios (cuarto trimestre 2023)
Total de usuarios registrados	Más de 200 millones de cuentas registradas
Duración de la sesión promedio	27 minutos por usuario

Capacidades globales de redes sociales

Distribución geográfica de la plataforma:

Región	Porcentaje de usuario
Estados Unidos	42%
Europa	28%
Asia	18%
Resto del mundo	12%

Diversos entornos de interacción comunitaria

• Salas de chat: más de 15,000 habitaciones activas
• Grupo de videos de chat de video: más de 3,500 canales
• Comunidades basadas en intereses: más de 250 categorías distintas

Opciones de comunicación gratuita y premium

Nivel de suscripción	Precio mensual	Recuento de suscriptores
GRATIS BASIC	$0	2.8 millones de usuarios
Premium Plus	$9.99	400,000 suscriptores

Espacios de interacción digital seguros y fáciles de usar

• Cifrado de extremo a extremo: disponible para el 100% de las comunicaciones de video
• Procesos de verificación del usuario: autenticación multifactor para el 85% de las cuentas
• Herramientas de moderación: monitoreo de contenido en tiempo real en el 95% de los entornos de chat

Paltalk, Inc. (PALT) - Modelo de negocios: relaciones con los clientes

Plataforma digital de autoservicio

Paltalk ofrece una plataforma digital con 3 niveles de acceso de usuario primario:

Nivel de acceso	Características	Usuarios mensuales
GRATIS BASIC	Salas de chat limitadas	52,000
De primera calidad	Acceso de chat ilimitado	18,500
Empresa	Herramientas de comunicación avanzadas	1,200

Foros de apoyo comunitario en línea

Métricas de compromiso de la comunidad:

• Participantes activos del foro: 24,700
• Interacciones mensuales promedio del foro: 43,200
• Hilos de soporte generados por el usuario: 6.500

Asistencia automatizada del usuario

Canales de soporte automatizados:

Canal	Tiempo de respuesta	Tasa de resolución
Chatbot	37 segundos	62%
Base de conocimiento	Autoservicio	78%

Canales directos de servicio al cliente

Infraestructura de atención al cliente:

• Agentes de soporte por correo electrónico: 22
• Representantes de chat en vivo: 15
• Tiempo de resolución de boletos promedio: 4.2 horas
• Presupuesto anual de servicio al cliente: $ 1.3 millones

Comentarios de los usuarios y mecanismos de mejora continua

Métricas de seguimiento de la experiencia del usuario:

Mecanismo de retroalimentación	Respuestas anuales	Tasa de implementación de mejora
Encuestas de usuarios	12,400	47%
Plataforma de solicitud de funciones	8,700	35%

Paltalk, Inc. (PALT) - Modelo de negocio: canales

Plataforma basada en la web

Paltalk opera una plataforma basada en la web con las siguientes métricas clave:

Métrica de plataforma	Punto de datos
Usuarios activos mensuales	2.5 millones
Duración de la sesión promedio	37 minutos
Total de usuarios registrados	Más de 5 millones

Aplicación móvil

Los canales de distribución móvil incluyen:

• Descargas de iOS App Store: 750,000
• Descargas de Android Google Play Store: 1.2 millones
• Calificación de la aplicación móvil: 4.1/5

Marketing en redes sociales

Plataforma social	Recuento de seguidores
Facebook	85,000
Gorjeo	42,000
Instagram	28,000

Redes de publicidad digital

Canales de publicidad digital primaria:

• Red de visualización de Google
• Red de audiencia de Facebook
• Plataformas de publicidad programática

Distribución de la tienda de aplicaciones

Tienda de aplicaciones	Categoría	Categoría
Apple App Store	Top 200	Redes sociales
Google Play Store	Top 150	Aplicaciones de comunicación

Paltalk, Inc. (PALT) - Modelo de negocio: segmentos de clientes

Redes sociales para adultos jóvenes

Según el informe financiero del tercer trimestre de Paltalk 2023, el 42.3% de los usuarios de la plataforma tienen entre 18 y 34 años. Usuarios activos mensuales promedio en este segmento: 287,000.

Grupo de edad	Porcentaje de usuario	Usuarios activos mensuales
18-24 años	23.7%	161,560
25-34 años	18.6%	125,440

Buscadores de comunicación internacionales

La plataforma admite usuarios de 127 países. La base de usuarios internacionales representa el 68.5% del total de usuarios.

• Los principales mercados internacionales: Brasil, India, Reino Unido
• Duración promedio de la sesión del usuario internacional: 47 minutos
• Tasa de crecimiento internacional de los usuarios: 12.4% año tras año

Entusiastas del entretenimiento digital

Las salas de entretenimiento digital generan el 37.2% del compromiso de la plataforma. Participantes promedio de la sala de entretenimiento mensual: 214,000.

Categoría de entretenimiento	Compromiso de usuario
Salas de música	16.5%
Discusiones de juego	12.3%
Chat de cine/televisión	8.4%

Usuarios de interacción social virtual

Participación de la sala virtual: 892,000 usuarios activos mensuales. Tiempo promedio dedicado por sesión: 53 minutos.

• Group Video Chat Usuarios: 412,000
• Usuarios de chat de texto: 480,000
• Creaciones promedio diarias de la nueva sala: 3,200

Participantes de la comunidad global en línea

Total de usuarios de la comunidad global: 1.4 millones. Tasa de crecimiento de la comunidad: 9.7% anual.

Región	Distribución del usuario
América del norte	34.6%
Europa	27.3%
Asia-Pacífico	22.1%
América Latina	16%

Paltalk, Inc. (PALT) - Modelo de negocio: Estructura de costos

Mantenimiento de la infraestructura tecnológica

Costos de mantenimiento de infraestructura de tecnología anual para Paltalk en 2023: $ 1,247,000

Componente de infraestructura	Costo anual
Equipo de red	$412,000
Actualizaciones de hardware	$335,000
Contratos de mantenimiento	$500,000

Gastos de desarrollo de software

Gastos totales de desarrollo de software para 2023: $ 2,650,000

• Salarios del equipo de ingeniería: $ 1,850,000
• Herramientas y licencias de desarrollo: $ 380,000
• Consultoría externa: $ 420,000

Hosting en la nube y costos del servidor

Gastos anuales de infraestructura en la nube: $ 1,750,000

Proveedor de servicios en la nube	Costo anual
Servicios web de Amazon (AWS)	$1,250,000
Servicios en la nube adicionales	$500,000

Marketing y adquisición de usuarios

Gastos de marketing total en 2023: $ 1,450,000

• Publicidad digital: $ 680,000
• Marketing en redes sociales: $ 310,000
• Programas de afiliados: $ 260,000
• Marketing de contenido: $ 200,000

Compensación y beneficios de los empleados

Gastos totales relacionados con los empleados para 2023: $ 5,200,000

Categoría de gastos	Cantidad
Salarios base	$4,100,000
Seguro médico	$620,000
Beneficios de jubilación	$280,000
Bonos de rendimiento	$200,000

Paltalk, Inc. (PALT) - Modelo de negocio: flujos de ingresos

Servicios de suscripción premium

A partir del cuarto trimestre de 2023, los ingresos por suscripción premium de Paltalk fueron de $ 1.2 millones, lo que representa el 35% de los ingresos totales de la compañía.

Nivel de suscripción	Precio mensual	Contribución anual de ingresos
Prima básica	$9.99	$480,000
Prima avanzada	$19.99	$720,000

Ingresos publicitarios digitales

La publicidad digital generó $ 750,000 en ingresos para Paltalk en 2023, representando el 22% de los ingresos totales de la compañía.

Compras de regalo virtual y en la aplicación

Los regalos virtuales y las compras en la aplicación generaron $ 420,000 en 2023, lo que representa el 12% de los ingresos totales.

• Precio de regalo virtual promedio: $ 1.50
• Regalos virtuales totales vendidos anualmente: 280,000

Soluciones de comunicación empresarial

Enterprise Solutions contribuyó con $ 540,000 a los ingresos de Paltalk en 2023, que comprende el 16% de los ingresos totales.

Paquete empresarial	Costo anual	Número de clientes
Pequeño negocio	$5,000	45 clientes
Corporativo	$15,000	22 clientes

Monetización modelo freemium

La tasa de conversión de freemium en 2023 fue del 6.5%, generando $ 450,000 en ingresos adicionales.

• Total de usuarios gratuitos: 1.2 millones
• Usuarios premium convertidos: 78,000

Paltalk, Inc. (PALT) - Canvas Business Model: Value Propositions

White Glove, High Touch managed IT service with a single point of contact is supported by a retained team of 47 individuals from the acquired Newtek Technology Solutions, Inc. (NTS) operations.

Secure and reliable cloud infrastructure and enterprise cybersecurity solutions now form the core business focus, following the January 2, 2025, acquisition of NTS.

Access to advanced AI-powered online safety solutions like Aura includes blocking 11B malicious sites and restricting 176M adult sites with parental controls.

Comprehensive technology management is provided for approximately 17,000 customers, which was the customer base managed by NTS prior to acquisition.

Streamlined IT procurement and professional services for businesses contribute to the overall technology solutions offering.

The revenue breakdown for the 6 months ended June 30, 2025, shows the scale of the technology solutions segment:

Revenue Stream	Amount (6 Months Ended June 30, 2025)
Total Revenue	$11.2 million
Managed Information Technology Revenue	$7.1 million
Procurement Revenue	$2.2 million
Professional Services Revenue	$1.4 million
Subscription Revenue	$0.6 million

The financial performance for the 6 months ended June 30, 2025, also reflects the following bottom-line metrics:

• Net loss from continuing operations: $0.2 million.
• Adjusted EBITDA loss: $0.9 million.

The service scope for the managed IT business includes:

• Server hosting.
• Cloud hosting.
• Data storage.
• Managed security.
• Backup and disaster recovery.

The transaction to acquire NTS involved a cash payment of $4,000,000 and the issuance of 4,000,000 shares of newly created preferred stock.

NewtekOne, Inc. is entitled to an earn-out payment of up to $5,000,000 based on 2025 and 2026 Adjusted EBITDA thresholds.

Paltalk, Inc. (PALT) - Canvas Business Model: Customer Relationships

You're looking at how Paltalk, Inc. (now operating largely as Intelligent Protection Management Corp. or IPM) manages its client base after the major strategic pivot in early 2025. The relationship model is now heavily skewed toward B2B managed services, though legacy consumer relationships still contribute.

Dedicated, high-touch relationship management via assigned technology managers.

The high-touch model is supported by the team integrated from the Newtek Technology Solutions, Inc. (NTS) acquisition. NewtekOne, Inc. intended to have its entire IT stack secured and managed by NTS's team of 47 individuals, all of whom were retained by Paltalk/IPM upon closing on January 2, 2025. This team supports the B2B client base, which is a key differentiator in a market valued at approximately $390.21 billion in 2025. The company headcount rose from approximately four to approximately 41 employees following the NTS acquisition, indicating a significant investment in the service delivery team.

Cross-selling new cybersecurity and cloud services to existing clients.

The focus on cybersecurity and cloud is evident in the revenue mix, which is now dominated by Managed Information Technology (MIT) services. The Managed Security Services segment is a high-demand area, growing at an 11.9% Compound Annual Growth Rate (CAGR).

Direct sales and client engagement for B2B managed services contracts.

Direct engagement drives the core of the new revenue engine. For the three months ended September 30, 2025, the company reported total revenue of $6.2 million. The Managed Information Technology revenue stream, which encompasses these B2B services, accounted for $3.8 million of that quarterly total. This means that for Q3 2025, approximately 61.3% of total revenue came from these direct B2B managed IT services ($3.8 million / $6.2 million).

The nine-month figures show the scale of the B2B focus:

Revenue Stream (Nine Months Ended 09/30/2025)	Amount (USD)	Percentage of Total Nine-Month Revenue
Total Revenue	$17.5 million	100%
Managed Information Technology Revenue	$10.9 million	62.3%
Procurement Revenue	$3.9 million	22.3%
Legacy Subscription Revenue	$800,000	4.6%

The total revenue for the nine months ended September 30, 2025, was $17.5 million.

Automated, self-service subscription management for ManyCam users.

The legacy consumer side, including ManyCam, operates on a more automated model. For the three months ended June 30, 2025, subscription revenue was $0.3 million. For the six months ended June 30, 2025, subscription revenue was $0.6 million. The self-service nature is supported by the software structure, where each user ID allows installation on up to 2 devices. The company also holds 8 patents related to its technology.

Long-term service contracts for recurring revenue stability.

Stability is sought through contract structuring in the B2B segment. As of June 30, 2025, the company reported $3.9 million in deferred revenue, which is cash received upfront for products and/or services to be installed or delivered in future quarters. This contrasts with the $300,000 in subscription revenue recognized in Q3 2025. The company had no long-term debt as of September 30, 2025.

• Paltalk/Camfrog platforms serve users in over 180 different countries.
• The company is focused on growing its cybersecurity, cloud hosting, and technology solutions business.
• The net loss for the nine months ended September 30, 2025, was $1.3 million.
• Adjusted EBITDA for the nine months ended September 30, 2025, was negative $1.1 million.

Paltalk, Inc. (PALT) - Canvas Business Model: Channels

You're looking at the channels for what is now Intelligent Protection Management Corp. (IPM), following the January 2025 acquisition of Newtek Technology Solutions (NTS) and the divestiture of the old video chat apps. The entire channel strategy has shifted from consumer-facing to a B2B focus centered on IT solutions, cloud, and cybersecurity.

The primary channels now flow directly from the acquired NTS infrastructure and the ongoing relationship with NewtekOne, Inc. The legacy consumer channels for Paltalk and Camfrog are gone, which is a massive structural change for how they reach customers.

Direct sales force targeting small to mid-sized businesses (SMBs)

The core of the new channel strength comes from the NTS operations, which managed IT hardware and software for approximately 17,000 customers before the acquisition. This existing customer base forms the foundation for direct sales of the new B2B offerings, including server hosting, cloud hosting, and managed security. The team that managed these accounts, consisting of 47 individuals retained from NTS, now serves as the direct engagement force for IPM.

Referrals from the NewtekOne ecosystem

This is a critical, built-in channel. NewtekOne, Inc. has committed to continuing to have its entire IT stack secured and managed by the IPM team. More importantly, NewtekOne intends to actively refer its technology solutions opportunities from both existing and future customers directly to IPM. This acts as a warm lead source, bypassing much of the initial customer acquisition cost.

Digital distribution and direct website sales for ManyCam software

While the core business is B2B IT, the company is actively cross-selling the acquired ManyCam software to its historical web hosting customer base (the legacy NTS customers). ManyCam, a live streaming software and virtual camera, is sold via its dedicated website, manycam.com, for subscription information. The original acquisition of ManyCam assets in 2022 involved a cash payment of $2.7 million plus a potential earn-out of up to $600,000 based on gross sales thresholds.

Reseller channels for new product offerings like MindsDB and Aura

The strategy post-merger is to expand into varying new services, which will likely require channel partners to scale quickly beyond the existing NTS customer base. While specific reseller agreements for newer products like MindsDB or Aura aren't detailed in the latest filings, the operational plan is to leverage the existing B2B sales structure to introduce these offerings. The focus is on expanding service offerings to the existing legacy NTS customers first.

Direct professional services engagement for IT consulting

The NTS business, now IPM, explicitly includes providing consulting and implementing technology solutions for enterprise and commercial clients. This is a high-touch, direct professional services channel. The company expects its industry certifications in areas like legal, health care, and finance to be a significant competitive advantage when engaging these clients directly for IT stack management.

Here's a quick look at the financial context surrounding the channel shift as of the mid-2025 reporting period:

Metric/Channel Component	Value/Detail	Date/Period
NTS Customers Managed	Approximately 17,000	Pre-January 2025
Q2 2025 Revenue (IPM)	$5.7 million	3 months ended June 30, 2025
Sequential Revenue Growth (Q1 to Q2 2025)	4%	Q2 2025
NewtekOne Referral Commitment	Continue to refer technology solutions opportunities	Post-January 2025
ManyCam Acquisition Cash Cost	$2.7 million	June 2022
ManyCam Potential Earn-out	Up to $600,000	June 2022

The company is actively cross-selling ManyCam to its historical web hosting customer base, which is a direct digital channel play. The overall success of the new B2B focus is tied to retaining the NTS customer base and maximizing those referral streams. If onboarding for the new IT services takes 14+ days, churn risk rises, especially with the 17,000 managed accounts.

Finance: draft 13-week cash view by Friday.

Paltalk, Inc. (PALT) - Canvas Business Model: Customer Segments

You're looking at the customer base of Paltalk, Inc. (PALT) after its major 2025 strategic shift, which means the focus is heavily on the acquired IT services business, Intelligent Protection Management Corporation (IPM).

Small to mid-sized businesses (SMBs) requiring managed IT services

This segment forms a core part of the new revenue engine, driven by the acquisition closed on January 2, 2025. Managed Information Technology (MIT) revenue for the three months ended June 30, 2025, was $3.5 million, and for the six months ended June 30, 2025, it reached $7.1 million. As of the third quarter of 2025, the company was managing over 9,000 devices. The total revenue for Q3 2025 was $6.2 million, with the MIT segment contributing 59.7% of that total.

Lower middle market private equity firms and their portfolio companies

This niche is being targeted through specific partnerships. In the second quarter of 2025, Paltalk, Inc. initiated a collaboration with IT Ally, a provider focused on this exact market. This segment is part of the broader Managed IT and Professional Services that generated $10.9 million in revenue over the nine months ending September 30, 2025.

Enterprise clients seeking specialized cloud and cybersecurity solutions

Larger clients are served with specialized offerings, including a recent strategic win. The company reported that revenue from custom cloud migration, security audits, and IT infrastructure deployment for the nine months ending September 30, 2025, was $1.9 million. Furthermore, in the second quarter of 2025, Paltalk, Inc. was selected by Hewlett Packard Enterprise to be an accredited partner for its HPE Private Cloud AI solution.

Here's a quick look at the IT-focused revenue streams for the nine months ending September 30, 2025:

Revenue Stream Category	9-Month 2025 Revenue (USD)	Approximate Percentage of $17.5M Total Revenue
Managed IT and Professional Services	$10.9 million	62.3%
Custom Cloud/Cybersecurity Projects	$1.9 million	10.9%
Procurement Services	Data not isolated for 9-month IT total	N/A

Individual and family users of the Aura AI-powered online safety solution

The company began addressing this consumer need in the second quarter of 2025 by commencing the offering of Aura, its AI-powered online safety solution. While specific user counts or revenue for Aura are not yet detailed in the latest reports, the general consumer AI market in the U.S. saw 61% of adults use AI in the past six months as of a September 2025 report. The overall consumer base is now being served by a company that is still working through its financial transition, reporting a net loss of $1.3 million for the nine months ended September 30, 2025.

Legacy users of the ManyCam video software

The ManyCam segment remains, though its financial contribution is now secondary to the IT services. Subscription revenue specifically from ManyCam software saw a modest increase during the second quarter of 2025. This contrasts with the company's overall strategic divestiture of its primary consumer video chat applications-Paltalk, Camfrog, and Tinychat-which officially closed on January 2, 2025, for a total consideration of $1.35 million.

The legacy video chat user base, before divestiture, was geographically diverse:

• Users in over 180 different countries.
• Concentration of Camfrog users in Southeast Asia.

The total revenue for the six months ended June 30, 2025, was $11.2 million, a 1970.2% increase year-over-year, largely from the newly acquired IT operations.

Paltalk, Inc. (PALT) - Canvas Business Model: Cost Structure

You're looking at the post-acquisition cost profile for Intelligent Protection Management Corp. (IPM), which used to be Paltalk, Inc. (PALT) after acquiring Newtek Technology Solutions (NTS) in January 2025. The cost structure is now heavily influenced by the NTS operations, which focus on managed IT and cloud services.

High Cost of Revenue due to procurement and managed services expenses.

The revenue mix for the three months ended September 30, 2025, shows the scale of the new business lines that drive the Cost of Revenue. Managed Information Technology revenue was \$3.8 million for the quarter, and Procurement revenue was \$1.7 million for the same period. These two lines alone accounted for \$5.5 million of the total \$6.2 million in revenue for Q3 2025.

Revenue Stream (Q3 2025)	Amount (USD)
Managed Information Technology Revenue	\$3.8 million
Procurement Revenue	\$1.7 million
Professional Services Revenue	\$0.5 million
Subscription Revenue	\$0.3 million
Total Revenue	\$6.2 million

Salaries and personnel costs for approximately 41 employees post-acquisition.

Specific salary and personnel cost figures for the approximately 41 employees post-acquisition are not detailed in the latest public filings, but the overall operating loss reflects these fixed and variable labor costs.

• Personnel count target: 41 employees (as per your outline).
• Former Paltalk full-time employees (as of early 2025): 17.

General and Administrative (G&A) expenses, including legal and public company costs.

While the current G&A breakdown for Q3 2025 is not itemized to separate legal and public company costs, transaction-related professional fees were a major driver in the prior year, indicating these costs remain a factor in the overall operating expense base.

• Operating loss from continuing operations (Q3 2025): \$1.4 million.
• Transaction-related professional fees (Q3 2024): \$0.8 million.
• Public company costs are embedded within G&A as Intelligent Protection Management Corp. (IPM) trades on Nasdaq under the new symbol.

Research and Development (R&D) investment in AI and cybersecurity innovation.

Specific R&D investment dollar amounts for AI and cybersecurity innovation for the 2025 fiscal year are not explicitly stated in the reported financial summaries. The strategy post-merger centers on this investment area.

Operating losses, which totaled \$1.4 million in Q3 2025.

The company is still operating at a loss as it integrates the new business. The operating loss from continuing operations for the three months ended September 30, 2025, was \$1.4 million. This is a slight improvement from the \$1.5 million operating loss reported for the same period in 2024.

The net loss for the third quarter of 2025 was \$1.1 million. Finance: draft 13-week cash view by Friday.

Paltalk, Inc. (PALT) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Paltalk, Inc. (PALT), now operating largely under the Intelligent Protection Management Corp (IPM) branding following the NTS acquisition in early 2025. Honestly, the shift in revenue mix is the story here, moving away from the legacy subscription model to IT services.

For the first half of 2025 (H1 2025, or the six months ended June 30, 2025), the revenue streams from the newly integrated and legacy operations looked like this:

Revenue Stream	H1 2025 Revenue Amount
Managed Information Technology (IT) services revenue	$7.1 million
Procurement revenue from IT hardware and software sales	$2.2 million
Professional services revenue from consulting and project work	$1.4 million
Subscription revenue from ManyCam software	$0.6 million

That Managed IT services component is clearly the engine now, making up the bulk of the top line reported for the first six months. The legacy subscription revenue, which used to dominate, is now a much smaller piece of the puzzle, totaling just $0.6 million for H1 2025.

When you look at the cumulative results through the third quarter, the growth story becomes clearer. Total revenue for the nine months ended September 30, 2025, reached $17.5 million. That compares to just $800,000 in the prior year period for the same nine months, which definitely shows the impact of the acquisition.

Here's a quick look at the revenue generated just in the third quarter of 2025:

• Total revenue for the three months ended 09/30/2025 was $6.2 million.
• This represented a 9% sequential increase from the second quarter of 2025.
• The company reported $3.8 million in Managed Information Technology revenue for the three months ended 09/30/2025.
• Deferred revenue stood at $3.5 million as of September 30, 2025, which will flow into future revenue recognition as services are installed.

The business model is clearly pivoting toward recurring IT services and project-based professional work, which is a different risk profile than the pure subscription software model Paltalk, Inc. used to run. Finance: draft 13-week cash view by Friday.