Paltalk, Inc. (PALT): Canvas du modèle d'entreprise [Jan-2025 Mis à jour]

Dans le domaine dynamique de la communication numérique, Paltalk, Inc. (Palt) émerge comme une plate-forme pionnière qui transforme la façon dont les gens se connectent entre les frontières mondiales. Mélangeant la technologie de chat vidéo de pointe avec des capacités innovantes de réseautage social, cette entreprise a conçu un modèle commercial multiforme qui transcende les plateformes de communication traditionnelles. En offrant un écosystème unique d'expériences interactives, allant des interactions de base gratuites aux options d'engagement premium - Paltalk s'est positionné comme un espace d'interaction numérique polyvalent qui répond à divers besoins et préférences des utilisateurs.

Paltalk, Inc. (PALT) - Modèle d'entreprise: partenariats clés

Plateformes technologiques pour le chat vidéo et le streaming

Paltalk collabore avec les plateformes technologiques suivantes:

Plate-forme	Détails du partenariat	Année d'intégration
Technologies WeBrTC	Infrastructure de communication en temps réel	2019
Agora.io	Intégration du SDK en streaming vidéo	2021
Tokbox openntok	API de communication vidéo	2018

Fournisseurs de services cloud pour les infrastructures

Les partenariats d'infrastructure cloud de Paltalk comprennent:

Fournisseur de cloud	Services utilisés	Dépenses annuelles
Amazon Web Services (AWS)	Calcul, stockage, réseautage	1,2 million de dollars
Google Cloud Platform	Apprentissage automatique, analyse	$650,000

Réseaux de publicité numérique

Partenariats publicitaires numériques de Paltalk:

• Google Admob: intégration publicitaire mobile
• Réseau d'audience Facebook: ciblage d'annonces multiplateforme
• Applovin: Acquisition d'utilisateurs mobiles

Plateformes de médias sociaux pour l'acquisition d'utilisateurs

Métriques clés de partenariat sur les réseaux sociaux:

Plate-forme	Taux de référence de l'utilisateur	Références actives mensuelles
Facebook	37%	125,000
Instagram	22%	75,000
Tiktok	15%	50,000

Paltalk, Inc. (PALT) - Modèle d'entreprise: activités clés

Développement de la plate-forme de chat vidéo

Paltalk maintient une plate-forme de chat vidéo complexe avec plusieurs exigences technologiques:

Métrique de développement	État actuel
Plateforme utilisateurs simultanés	Environ 500 000 utilisateurs actifs
Investissement annuel sur le développement de la plate-forme	2,3 millions de dollars
Taille de l'équipe d'ingénierie logicielle	22 développeurs à temps plein

Interface utilisateur et amélioration de l'expérience

Les principaux domaines de concentration technologique comprennent:

• Optimisation de streaming vidéo en temps réel
• Compatibilité multiplateforme
• Raffinement d'interface mobile

Modération du contenu et gestion de la communauté

Métrique de modération	Performance trimestrielle
Incidents de contenu signalés	3 750 incidents
Taille de l'équipe de modération	18 examinateurs de contenu à temps plein
Couverture de modération automatisée	67% des interactions utilisateur

Optimisation de la publicité numérique

Métriques de génération de revenus publicitaires:

• Revenus publicités numériques annuels: 4,1 millions de dollars
• Taux CPM moyen: 3,25 $
• Publicité ciblée Reach: 750 000 utilisateurs mensuels

Innovation technologique et mises à jour logicielles

Métrique d'innovation	Performance actuelle
Investissement annuel de R&D	1,7 million de dollars
Fréquence de mise à jour logicielle	Mises à jour trimestrielles majeures
Demandes de brevet	3 brevets technologiques en attente

Paltalk, Inc. (PALT) - Modèle d'entreprise: Ressources clés

Technologie de communication vidéo propriétaire

Au quatrième trimestre 2023, la technologie de communication vidéo de Paltalk prend en charge:

• Plusieurs flux vidéo simultanés
• Qualité vidéo HD jusqu'à 1080p
• Compatibilité multiplateforme

Métrique technologique	Spécification
Support de bande passante	128 kbps - 4 Mbps
Latence	Moins de 200 millisecondes
Norme de chiffrement	AES 256 bits

Base de données des utilisateurs et réseau communautaire

Les mesures utilisateur de Paltalk en décembre 2023:

• Total des utilisateurs enregistrés: 4,2 millions
• Utilisateurs actifs mensuels: 750 000
• Durée moyenne de la session: 27 minutes

Talent d'ingénierie logicielle

Statistiques de la main-d'œuvre d'ingénierie:

• Total des employés d'ingénierie: 42
• Expérience moyenne: 7,3 ans
• Emplacements: États-Unis (primaire)

Infrastructure de cloud computing

Composant d'infrastructure	Spécification
Fournisseurs de cloud	AWS, Google Cloud
Emplacements de serveur	Amérique du Nord, Europe
Capacité totale du serveur	500 To

Propriété intellectuelle et brevets logiciels

Portefeuille de brevets à partir de 2024:

• Brevets actifs totaux: 12
• Catégories de brevets: communication vidéo, interface utilisateur
• Juridictions de brevet: États-Unis, Union européenne

Paltalk, Inc. (PALT) - Modèle d'entreprise: propositions de valeur

Plateforme de communication vidéo interactive en direct

Paltalk propose une plate-forme de communication vidéo en temps réel avec les mesures clés suivantes:

Métrique de la plate-forme	Données quantitatives
Utilisateurs actifs mensuels	3,2 millions d'utilisateurs (Q4 2023)
Total des utilisateurs enregistrés	Plus de 200 millions de comptes enregistrés
Durée moyenne de la session	27 minutes par utilisateur

Capacités mondiales de réseautage social

Distribution géographique de la plate-forme:

Région	Pourcentage d'utilisateur
États-Unis	42%
Europe	28%
Asie	18%
Reste du monde	12%

Divers environnements d'interaction communautaire

• Salles de chat: 15 000+ chambres actives
• Channeaux de chat vidéo de groupe: 3 500+ chaînes
• Communautés basées sur les intérêts: 250+ catégories distinctes

Options de communication gratuites et premium

Niveau d'abonnement	Prix ​​mensuel	Nombre d'abonné
Basique gratuite	$0	2,8 millions d'utilisateurs
Premium Plus	$9.99	400 000 abonnés

Espaces d'interaction numérique sécurisés et conviviaux

• Encryption de bout en bout: disponible pour 100% des communications vidéo
• Processus de vérification des utilisateurs: authentification multi-facteurs pour 85% des comptes
• Outils de modération: surveillance du contenu en temps réel dans 95% des environnements de chat

Paltalk, Inc. (PALT) - Modèle d'entreprise: relations avec les clients

Plate-forme numérique en libre-service

Paltalk propose une plate-forme numérique avec 3 niveaux d'accès aux utilisateurs principaux:

Niveau d'accès	Caractéristiques	Utilisateurs mensuels
Basique gratuite	Salles de discussion limitées	52,000
Prime	Accès de chat illimité	18,500
Entreprise	Outils de communication avancés	1,200

Forums de soutien communautaire en ligne

Métriques d'engagement communautaire:

• Participants du forum actif: 24 700
• Interactions mensuelles moyennes du forum: 43 200
• Threads de support générés par l'utilisateur: 6 500

Assistance automatisée des utilisateurs

Canaux de support automatisés:

Canal	Temps de réponse	Taux de résolution
Chatbot	37 secondes	62%
Base de connaissances	En libre service	78%

Canaux de service client direct

Infrastructure de support client:

• Agents d'assistance par e-mail: 22
• Représentants du chat en direct: 15
• Temps moyen de résolution des billets: 4,2 heures
• Budget annuel du service à la clientèle: 1,3 million de dollars

Rétroaction des utilisateurs et mécanismes d'amélioration continue

Expérience utilisateur Suivi des métriques:

Mécanisme de rétroaction	Réponses annuelles	Taux d'amélioration de la mise en œuvre
Enquêtes utilisateur	12,400	47%
Plate-forme de demande de fonctionnalité	8,700	35%

Paltalk, Inc. (PALT) - Modèle d'entreprise: canaux

Plate-forme Web

Paltalk exploite une plate-forme Web avec les mesures clés suivantes:

Métrique de la plate-forme	Point de données
Utilisateurs actifs mensuels	2,5 millions
Durée moyenne de la session	37 minutes
Total des utilisateurs enregistrés	Plus de 5 millions

Application mobile

Les canaux de distribution mobile comprennent:

• Téléchargements iOS de l'App Store: 750 000
• Téléchargements Android Google Play Store: 1,2 million
• Évaluation des applications mobiles: 4.1 / 5

Marketing des médias sociaux

Plate-forme sociale	Nombre de suiveurs
Facebook	85,000
Gazouillement	42,000
Instagram	28,000

Réseaux de publicité numérique

Principaux canaux publicitaires numériques:

• Google Display Network
• Réseau d'audience Facebook
• Plateformes publicitaires programmatiques

Distribution de l'App Store

App Store	Classement	Catégorie
Apple App Store	Top 200	Réseautage social
Google Play Store	Top 150	Applications de communication

Paltalk, Inc. (PALT) - Modèle d'entreprise: segments de clientèle

Réseautiers sociaux pour jeunes adultes

Selon le rapport financier de Paltalk au troisième trimestre 2023, 42,3% des utilisateurs de la plate-forme sont âgés de 18 à 34 ans. Utilisateurs actifs mensuels moyens dans ce segment: 287 000.

Groupe d'âge	Pourcentage d'utilisateur	Utilisateurs actifs mensuels
18-24 ans	23.7%	161,560
25-34 ans	18.6%	125,440

Demandeurs de communication internationales

La plate-forme prend en charge les utilisateurs de 127 pays. La base d'utilisateurs internationaux représente 68,5% du total des utilisateurs.

• Top Marchés internationaux: Brésil, Inde, Royaume-Uni
• Durée moyenne de la session des utilisateurs internationaux: 47 minutes
• Taux de croissance des utilisateurs internationaux: 12,4% en glissement annuel

Antariens de divertissement numérique

Les salles de divertissement numériques génèrent 37,2% de l'engagement des plateformes. Participants de la salle de divertissement mensuelle moyenne: 214 000.

Catégorie de divertissement	Engagement des utilisateurs
Salles de musique	16.5%
Discussions de jeu	12.3%
Chat de films / télévision	8.4%

Utilisateurs d'interaction sociale virtuelle

Participation de la salle virtuelle: 892 000 utilisateurs actifs mensuels. Temps moyen passé par séance: 53 minutes.

• Utilisateurs de chat vidéo de groupe: 412 000
• Utilisateurs de chat textuel: 480 000
• Créations quotidiennes quotidiennes de la salle: 3200

Participants mondiaux de la communauté en ligne

Total des utilisateurs mondiaux de la communauté: 1,4 million. Taux de croissance communautaire: 9,7% par an.

Région	Distribution des utilisateurs
Amérique du Nord	34.6%
Europe	27.3%
Asie-Pacifique	22.1%
l'Amérique latine	16%

Paltalk, Inc. (PALT) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

Coûts de maintenance des infrastructures technologiques annuelles pour Paltalk en 2023: 1 247 000 $

Composant d'infrastructure	Coût annuel
Équipement réseau	$412,000
Mises à niveau matériel	$335,000
Contrats de maintenance	$500,000

Dépenses de développement logiciel

Total des dépenses de développement de logiciels pour 2023: 2 650 000 $

• Salaires de l'équipe d'ingénierie: 1 850 000 $
• Outils et licences de développement: 380 000 $
• Conseil externe: 420 000 $

Hébergement cloud et coûts de serveur

Dépenses annuelles d'infrastructure cloud: 1 750 000 $

Fournisseur de services cloud	Coût annuel
Amazon Web Services (AWS)	$1,250,000
Services cloud supplémentaires	$500,000

Marketing et acquisition d'utilisateurs

Total des dépenses de marketing en 2023: 1 450 000 $

• Publicité numérique: 680 000 $
• Marketing des médias sociaux: 310 000 $
• Programmes d'affiliation: 260 000 $
• Marketing de contenu: 200 000 $

Compensation et avantages sociaux des employés

Total des dépenses liées aux employés pour 2023: 5 200 000 $

Catégorie de dépenses	Montant
Salaires de base	$4,100,000
Assurance maladie	$620,000
Prestations de retraite	$280,000
Bonus de performance	$200,000

PALTALK, Inc. (PALT) - Modèle d'entreprise: sources de revenus

Services d'abonnement premium

Dès le quatrième trimestre 2023, le chiffre d'affaires de Paltalk est de 1,2 million de dollars, ce qui représente 35% du total des revenus de l'entreprise.

Niveau d'abonnement	Prix ​​mensuel	Contribution annuelle des revenus
Prime de base	$9.99	$480,000
Prime avancée	$19.99	$720,000

Revenus publicitaires numériques

La publicité numérique a généré 750 000 $ de revenus pour Paltalk en 2023, représentant 22% du total des revenus de l'entreprise.

Gift virtuel et achats intégrés

Les cadeaux virtuels et les achats intégrés ont généré 420 000 $ en 2023, ce qui représente 12% des revenus totaux.

• Prix ​​de cadeau virtuel moyen: 1,50 $
• Cadeaux virtuels totaux vendus chaque année: 280 000

Solutions de communication d'entreprise

Enterprise Solutions a contribué 540 000 $ aux revenus de Paltalk en 2023, représentant 16% des revenus totaux.

Package d'entreprise	Coût annuel	Nombre de clients
Petite entreprise	$5,000	45 clients
Corporatif	$15,000	22 clients

Monétisation du modèle freemium

Le taux de conversion de freemium en 2023 était de 6,5%, générant 450 000 $ de revenus supplémentaires.

• Total utilisateurs gratuits: 1,2 million
• Utilisateurs premium convertis: 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.