PalTalk, Inc. (Palt): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No domínio dinâmico da comunicação digital, a PalTalk, Inc. (PALT) surge como uma plataforma pioneira que transforma como as pessoas se conectam nos limites globais. Misturando a tecnologia de bate-papo por vídeo com capacidades inovadoras de redes sociais, esta empresa criou um modelo de negócios multifacetado que transcende as plataformas de comunicação tradicionais. Ao oferecer um ecossistema exclusivo de experiências interativas - distribuindo de interações básicas gratuitas a opções de engajamento premium - o Paltalk se posicionou como um espaço de interação digital versátil que atende a diversas necessidades e preferências do usuário.

PalTalk, Inc. (Palt) - Modelo de Negócios: Parcerias -Chaves

Plataformas de tecnologia para bate -papo por vídeo e streaming

O Paltalk colabora com as seguintes plataformas de tecnologia:

Plataforma	Detalhes da parceria	Ano de integração
Tecnologias WebRTC	Infraestrutura de comunicação em tempo real	2019
AGORA.IO	Integração do SDK de streaming de vídeo	2021
Tokbox opentok	APIs de comunicação em vídeo	2018

Provedores de serviços em nuvem para infraestrutura

As parcerias de infraestrutura em nuvem da Paltalk incluem:

Provedor de nuvem	Serviços utilizados	Gasto anual
Amazon Web Services (AWS)	Calcule, armazenamento, rede	US $ 1,2 milhão
Plataforma do Google Cloud	Aprendizado de máquina, análise	$650,000

Redes de publicidade digital

Parcerias de publicidade digital da Paltalk:

• Google Admob: Integração de publicidade móvel
• Rede de público do Facebook: segmentação de anúncios de plataforma cruzada
• Applevin: aquisição de usuários móveis

Plataformas de mídia social para aquisição de usuários

Métricas principais de parceria de mídia social:

Plataforma	Taxa de referência do usuário	Referências ativas mensais
Facebook	37%	125,000
Instagram	22%	75,000
Tiktok	15%	50,000

Paltalk, Inc. (Palt) - Modelo de Negócios: Atividades -chave

Desenvolvimento de plataforma de bate -papo de vídeo

O Paltalk mantém uma plataforma complexa de bate -papo por vídeo com vários requisitos tecnológicos:

Métrica de Desenvolvimento	Status atual
Usuários simultâneos da plataforma	Aproximadamente 500.000 usuários ativos
Investimento anual de desenvolvimento de plataforma	US $ 2,3 milhões
Tamanho da equipe de engenharia de software	22 desenvolvedores em tempo integral

Interface do usuário e aprimoramento da experiência

As principais áreas de foco tecnológico incluem:

• Otimização de streaming de vídeo em tempo real
• Compatibilidade entre plataformas
• Refinamento da interface móvel

Moderação de conteúdo e gerenciamento comunitário

Métrica de moderação	Desempenho trimestral
Incidentes de conteúdo relatados	3.750 incidentes
Tamanho da equipe de moderação	18 revisores de conteúdo em tempo integral
Cobertura de moderação automatizada	67% das interações do usuário

Otimização de publicidade digital

Métricas de geração de receita de publicidade:

• Receita anual de publicidade digital: US $ 4,1 milhões
• Taxa média de CPM: US $ 3,25
• Alcance de publicidade direcionada: 750.000 usuários mensais

Inovação tecnológica e atualizações de software

Métrica de inovação	Desempenho atual
Investimento anual de P&D	US $ 1,7 milhão
Frequência de atualização de software	Grandes atualizações trimestrais
Aplicações de patentes	3 patentes tecnológicas pendentes

PalTalk, Inc. (Palt) - Modelo de Negócios: Recursos -Principais

Tecnologia de comunicação de vídeo proprietária

A partir do quarto trimestre 2023, a tecnologia de comunicação em vídeo da Paltalk suporta:

• Vários fluxos de vídeo simultâneos
• Qualidade de vídeo em HD até 1080p
• Compatibilidade entre plataformas

Métrica de tecnologia	Especificação
Suporte de largura de banda	128 kbps - 4 Mbps
Latência	Menores de 200 milissegundos
Padrão de criptografia	AES de 256 bits

Banco de dados do usuário e rede comunitária

Métricas de usuário do Paltalk em dezembro de 2023:

• Total de usuários registrados: 4,2 milhões
• Usuários ativos mensais: 750.000
• Duração média da sessão: 27 minutos

Talento de engenharia de software

Estatísticas da força de trabalho de engenharia:

• Funcionários totais de engenharia: 42
• Experiência média: 7,3 anos
• Locais: Estados Unidos (primário)

Infraestrutura de computação em nuvem

Componente de infraestrutura	Especificação
Provedores de nuvem	AWS, Google Cloud
Locais do servidor	América do Norte, Europa
Capacidade total do servidor	500 TB

Propriedade intelectual e patentes de software

Portfólio de patentes a partir de 2024:

• Total de patentes ativas: 12
• Categorias de patentes: comunicação em vídeo, interface do usuário
• Jurisdições de patentes: Estados Unidos, União Europeia

Paltalk, Inc. (Palt) - Modelo de Negócios: Proposições de Valor

Plataforma interativa de comunicação de vídeo ao vivo

O PalTalk oferece uma plataforma de comunicação em vídeo em tempo real com as seguintes métricas principais:

Métrica da plataforma	Dados quantitativos
Usuários ativos mensais	3,2 milhões de usuários (Q4 2023)
Total de usuários registrados	Mais de 200 milhões de contas registradas
Duração média da sessão	27 minutos por usuário

Capacidades globais de redes sociais

Distribuição geográfica da plataforma:

Região	Porcentagem do usuário
Estados Unidos	42%
Europa	28%
Ásia	18%
Resto do mundo	12%

Ambientes de interação comunitária diversos

• Salas de bate -papo: mais de 15.000 quartos ativos
• Canais de bate -papo por vídeo em grupo: mais de 3.500 canais
• Comunidades baseadas em juros: mais de 250 categorias distintas

Opções de comunicação grátis e premium

Camada de assinatura	Preço mensal	Contagem de assinantes
BASIC GRÁTIS	$0	2,8 milhões de usuários
Premium Plus	$9.99	400.000 assinantes

Espaços de interação digital seguros e fáceis de usar

• Criptografia de ponta a ponta: disponível para 100% das comunicações de vídeo
• Processos de verificação do usuário: autenticação de vários fatores para 85% das contas
• Ferramentas de moderação: monitoramento de conteúdo em tempo real em 95% dos ambientes de bate-papo

Paltalk, Inc. (Palt) - Modelo de Negócios: Relacionamentos do Cliente

Plataforma digital de autoatendimento

Paltalk oferece uma plataforma digital com 3 camadas de acesso a usuários primários:

Nível de acesso	Características	Usuários mensais
BASIC GRÁTIS	Salas de bate -papo limitadas	52,000
Premium	Acesso ilimitado de bate -papo	18,500
Empresa	Ferramentas de comunicação avançada	1,200

Fóruns de suporte comunitário online

Métricas de engajamento da comunidade:

• Participantes do fórum ativo: 24.700
• Interações médias mensais do fórum: 43.200
• Tópicos de suporte gerados pelo usuário: 6.500

Assistência automatizada do usuário

Canais de suporte automatizados:

Canal	Tempo de resposta	Taxa de resolução
Chatbot	37 segundos	62%
Base de conhecimento	Self-service	78%

Canais diretos de atendimento ao cliente

Infraestrutura de suporte ao cliente:

• Agentes de suporte de e -mail: 22
• Representantes de bate -papo ao vivo: 15
• Tempo médio de resolução do ingresso: 4,2 horas
• Orçamento anual de atendimento ao cliente: US $ 1,3 milhão

Feedback do usuário e mecanismos de melhoria contínua

Experiência do usuário Rastreando métricas:

Mecanismo de feedback	Respostas anuais	Taxa de implementação de melhoria
Pesquisas de usuário	12,400	47%
Plataforma de solicitação de recurso	8,700	35%

PalTalk, Inc. (Palt) - Modelo de Negócios: Canais

Plataforma baseada na Web

O Paltalk opera uma plataforma baseada na Web com as seguintes métricas principais:

Métrica da plataforma	Data Point
Usuários ativos mensais	2,5 milhões
Duração média da sessão	37 minutos
Total de usuários registrados	Mais de 5 milhões

Aplicativo móvel

Os canais de distribuição móvel incluem:

• Downloads da App Store iOS: 750.000
• Android Google Play Store Downloads: 1,2 milhão
• Classificação de aplicativo móvel: 4.1/5

Marketing de mídia social

Plataforma social	Contagem de seguidores
Facebook	85,000
Twitter	42,000
Instagram	28,000

Redes de publicidade digital

Canais de publicidade digital primária:

• Rede de exibição do Google
• Rede de público do Facebook
• Plataformas de publicidade programática

Distribuição da loja de aplicativos

App Store	Ranking	Categoria
Apple App Store	Top 200	Redes sociais
Google Play Store	Top 150	Aplicativos de comunicação

Paltalk, Inc. (Palt) - Modelo de Negócios: Segmentos de Clientes

Networkers sociais adultos jovens

De acordo com o Relatório Financeiro do Paltalk 2023, 42,3% dos usuários da plataforma têm entre 18 e 34 anos. Usuários ativos mensais médios neste segmento: 287.000.

Faixa etária	Porcentagem do usuário	Usuários ativos mensais
18-24 anos	23.7%	161,560
25-34 anos	18.6%	125,440

Buscadores internacionais de comunicação

A plataforma suporta usuários de 127 países. A base internacional de usuários representa 68,5% do total de usuários.

• Principais mercados internacionais: Brasil, Índia, Reino Unido
• Duração média do usuário do usuário: 47 minutos
• Taxa internacional de crescimento do usuário: 12,4% ano a ano

Entusiastas do entretenimento digital

As salas de entretenimento digital geram 37,2% do engajamento da plataforma. Participantes médios da sala de entretenimento mensal: 214.000.

Categoria de entretenimento	Engajamento do usuário
Salas de música	16.5%
Discussões para jogos	12.3%
Bate -papo de filme/TV	8.4%

Usuários de interação social virtual

Participação da sala virtual: 892.000 usuários ativos mensais. Tempo médio gasto por sessão: 53 minutos.

• Usuários de bate -papo por vídeo em grupo: 412.000
• Usuários de bate -papo de texto: 480.000
• Criações médias diárias da nova sala: 3.200

Participantes da comunidade online global

Usuários globais totais da comunidade: 1,4 milhão. Taxa de crescimento da comunidade: 9,7% anualmente.

Região	Distribuição do usuário
América do Norte	34.6%
Europa	27.3%
Ásia-Pacífico	22.1%
América latina	16%

PalTalk, Inc. (Palt) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de tecnologia

Custos anuais de manutenção de infraestrutura de tecnologia para paltalk em 2023: $ 1.247.000

Componente de infraestrutura	Custo anual
Equipamento de rede	$412,000
Atualizações de hardware	$335,000
Contratos de manutenção	$500,000

Despesas de desenvolvimento de software

Despesas totais de desenvolvimento de software para 2023: US $ 2.650.000

• Salários da equipe de engenharia: US $ 1.850.000
• Ferramentas e licenças de desenvolvimento: US $ 380.000
• Consultoria externa: US $ 420.000

Hospedagem em nuvem e custos do servidor

Despesas anuais de infraestrutura em nuvem: US $ 1.750.000

Provedor de serviços em nuvem	Custo anual
Amazon Web Services (AWS)	$1,250,000
Serviços de nuvem adicionais	$500,000

Marketing e aquisição de usuários

Despesas totais de marketing em 2023: US $ 1.450.000

• Publicidade digital: US $ 680.000
• Marketing de mídia social: US $ 310.000
• Programas de afiliados: US $ 260.000
• Marketing de conteúdo: US $ 200.000

Compensação e benefícios dos funcionários

Total de despesas relacionadas aos funcionários para 2023: US $ 5.200.000

Categoria de despesa	Quantia
Salários da base	$4,100,000
Seguro de saúde	$620,000
Benefícios de aposentadoria	$280,000
Bônus de desempenho	$200,000

PalTalk, Inc. (Palt) - Modelo de negócios: fluxos de receita

Serviços de assinatura premium

A partir do quarto trimestre de 2023, a receita de assinatura premium da PalTalk foi de US $ 1,2 milhão, representando 35% da receita total da empresa.

Camada de assinatura	Preço mensal	Contribuição anual da receita
Premium básico	$9.99	$480,000
Premium avançado	$19.99	$720,000

Receita de publicidade digital

A publicidade digital gerou US $ 750.000 em receita para o PalTalk em 2023, representando 22% da receita total da empresa.

Presente virtual e compras no aplicativo

Presentes virtuais e compras no aplicativo geraram US $ 420.000 em 2023, representando 12% da receita total.

• Preço médio de presente virtual: US $ 1,50
• Total de presentes virtuais vendidos anualmente: 280.000

Soluções de comunicação corporativa

A Enterprise Solutions contribuiu com US $ 540.000 para a receita da PalTalk em 2023, compreendendo 16% da receita total.

Pacote corporativo	Custo anual	Número de clientes
Pequenas empresas	$5,000	45 clientes
Corporativo	$15,000	22 clientes

Monetização do modelo freemium

A taxa de conversão do freemium em 2023 foi de 6,5%, gerando US $ 450.000 em receita adicional.

• Total de usuários gratuitos: 1,2 milhão
• Usuários 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.