Paltalk Inc (OQ:PALT)

Sector:  Technology Industry:  Internet Services
 
See Regulatory Filings on SEC
Company Contact
Address: 30 JERICHO EXECUTIVE PLAZA, SUITE 400E
JERICHO NY 11753
Tel: N/A
Website: https://www.paltalk.com
IR: See website
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Key People
Jason Katz
Chairman of the Board, President, Chief Executive Officer, Chief Operating Officer
Kara B. Jenny
Chief Financial Officer, Director
Adam Zalko
Vice President - Engineering
Business Overview
Paltalk, Inc. is a communications software provider that powers multimedia social applications. Its products include Paltalk, Camfrog, ManyCam, Tinychat and Vumber. Paltalk and Camfrog are both available on Windows, Mac OS, iOS, Android and other tablet devices. Together, these products power a collection of video-based communities, with technology to host thousands of simultaneous live group conversations on topics such as politics, financial markets, music and dating, among others. ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing apps and distance learning tools. Vumber is a telecommunications services provider that enables users to communicate privately by having multiple phone numbers with any area code through which calls can be forwarded to a user's existing telephone number. Tinychat is Web-based, enables adaptations of its video technology and does not require a download.
Financial Overview
For the fiscal year ended 31 December 2023, Paltalk Inc revenues remained flat at $11M. Net loss decreased 69% to $1.1M. Revenues reflect Advertising revenue increase of 2% to $333K, also reflect Subscription revenue decrease of less than 1% to $10.6M. Lower net loss reflects Product development expense - Balancing decrease of 18% to $4.8M (expense), Sales and marketing expense - Balancing decrease of 44% to $877K (expense).
Employees: 17 as of Mar 11, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $15.57M as of Dec 31, 2023
Annual revenue (TTM): $10.98M as of Dec 31, 2023
EBITDA (TTM): -$1.25M as of Dec 31, 2023
Net annual income (TTM): -$1.07M as of Dec 31, 2023
Free cash flow (TTM): -$1.08M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 9,222,157 as of Mar 11, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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