Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
02 November 2006Website:
http://www.paltalk.comNext earnings report:
29 November 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | Wed, 20 Nov 2024 21:00:00 GMTDividend
Analysts recommendations
Institutional Ownership
PALT Latest News
Paltalk, Inc. (NASDAQ:PALT ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Kara Jenny - Chief Financial Officer Jason Katz - Chief Executive Officer Conference Call Participants Operator Greetings, and welcome to the Paltalk Third Quarter 2024 Results Conference Call. At this time, all participants are on a listen-only mode.
NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Paltalk, Inc. ( N asdaq: PALT ) , relating to its proposed merger with Newtek Technology Solutions, Inc. Under the terms of the agreement, Paltalk has agreed to pay Newtek an amount in cash equal to $4,000,000, subject to customary purchase price adjustments, and issue Newtek 4,000,000 shares of a newly created series of Paltalk's preferred stock, the Series A Non-Voting Common Equivalent Stock. The newly created preferred stock will automatically convert into one share of Paltalk common stock upon the occurrence of certain qualifying dispositions by Newtek.
JERICHO, N.Y. , Oct. 11, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (“Paltalk,” the “Company,” “we,” our,” or “us”) (NASDAQ: PALT), announced today that on October 8, 2024, an order granting a motion for final judgment (the “Final Judgment”) was entered into in the District Court for the Western District of Texas (the “Court”) in connection with the Company's patent infringement lawsuit (the “Lawsuit”) against Cisco Systems, Inc. (“Cisco”).
JERICHO, NY, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced that a jury in the District Court for the Western District of Texas (the “Court”) has awarded the Company $65.7 million in a verdict against Cisco Systems, Inc. (“Cisco”) for infringing U.S. Patent No. 6,683,858.
Paltalk, Inc. (NASDAQ:PALT ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Kara Jenny - Chief Financial Officer Jason Katz - Chief Executive Officer Conference Call Participants Operator Greetings, and welcome to the Paltalk Second Quarter 2024 Results Conference Call. At this time, all participants are on a listen-only mode.
Cash Balance of $12.8 Million at June 30, 2024 JERICHO, NY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced financial and operational results for the second quarter ended June 30, 2024. Key Financial Highlights for Second Quarter Ended June 30, 2024 Compared to Prior Year Period Revenue decreased 24.7% to $2.2 million Subscription revenue decreased 26.1% to $2.1 million Advertising revenue increased 29.2% to $0.1 million Net loss was $0.9 million compared to a net income of $0.1 million, a decline of 788.8% Adjusted EBITDA1 loss was $0.9 million compared to Adjusted EBITDA1 loss of $14,945 Cash balance decreased $0.2 million from the first quarter of 2024 to $12.8 million Key Financial Highlights for the Six Months Ended June 30, 2024 Compared to Prior Year Period Revenue decreased 12.6% to $4.8 million Subscription revenue decreased 14.4% to $4.6 million Advertising revenue increased 59.6% to $0.2 million Net loss was $1.4 million compared to a net loss of $0.6 million, an increase of 136.7% Adjusted EBITDA1 loss was $1.4 million compared to Adjusted EBITDA1 loss of $0.7 million Net cash used in operating activities for the six months ended decreased 22.5% to $0.8 million Deferred revenue decreased 12.6% to $1.9 million as of June 30, 2024 compared to June 30, 2023 The Company had $12.8 million in cash and no long-term debt on its balance sheet as of June 30, 2024 Operational Highlights Entered into an Agreement and Plan of Merger (the “Agreement”) to acquire Newtek Technology Solutions, Inc. (“NTS”) from NewtekOne, Inc. (“Newtek”), the sole stockholder of NTS, through a two-step merger process.
NewtekOne (NEWT) enters an agreement to sell its wholly-owned subsidiary to Paltalk.
BOCA RATON, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne” or the “Company”) (Nasdaq: NEWT) has entered into a definitive agreement (the “Agreement”) to sell its wholly owned subsidiary Newtek Technology Solutions, Inc. (“NTS”) to Paltalk, Inc. (“Paltalk”) (Nasdaq: PALT) (the “NTS Sale”). As previously disclosed, in connection with Company's acquisition of Newtek Bank and transition to a financial holding company, the Company made a commitment to the Board of Governors of the Federal Reserve System to divest or terminate the activities of NTS, which manages information technology hardware and software for approximately 17,000 customers.
Paltalk, Inc. (NASDAQ:PALT ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Kara Jenny - CFO Jason Katz - CEO Conference Call Participants Operator Good afternoon, and welcome to the earnings call for Paltalk's Third Quarter Ended September 30, 2023. At this time, all participants have been placed on a listen-only mode.
Paltalk, Inc. (NASDAQ:PALT ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Jason Katz - CEO Kara Jenny - CFO Conference Call Participants Operator Good day, and welcome to the earnings call for Paltalk's Second Quarter ended June 30, 2023. At this time, all participants have been placed on a listen-only mode.
What type of business is Paltalk?
Paltalk, Inc., together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or land line telephone number. The company provides ManyCam, a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing applications, and distance learning tools; and product payment options, where users can pay by credit card, PayPal, western union, check, local e-wallet providers, or complete an in-app purchase through the Apple App Store or Google Play Store for Android users. The company was formerly known as PeerStream, Inc. and changed its name to Paltalk, Inc. in May 2020. Paltalk, Inc. was incorporated in 2005 and is based in Jericho, New York.
What sector is Paltalk in?
Paltalk is in the Technology sector
What industry is Paltalk in?
Paltalk is in the Software Application industry
What country is Paltalk from?
Paltalk is headquartered in United States
When did Paltalk go public?
Paltalk initial public offering (IPO) was on 02 November 2006
What is Paltalk website?
https://www.paltalk.com
Is Paltalk in the S&P 500?
No, Paltalk is not included in the S&P 500 index
Is Paltalk in the NASDAQ 100?
No, Paltalk is not included in the NASDAQ 100 index
Is Paltalk in the Dow Jones?
No, Paltalk is not included in the Dow Jones index
When was Paltalk the previous earnings report?
No data
When does Paltalk earnings report?
The next expected earnings date for Paltalk is 29 November 2024