ManyCam | Jotup

Paltalk, Inc. Reports Increased Operating Efficiencies with 69% Reduction in Net Loss for Fiscal Year 2023

Retrieved on:

Friday, March 15, 2024

Patent, District court, ManyCam, Cisco Webex, Adjustment, Cisco, Examiner, Marketing, Court, Metric, Cryptocurrency

JERICHO, NY, March 15, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 fourth quarter and year ended December 31, 2023.

Key Points:

Jason Katz, Chairman and CEO of Paltalk, commented, “Several of our initiatives have led to a significant decrease in operating expenses and an improvement in reducing our operating and net losses.
On June 29, 2023, the Court held a pretrial conference with the parties and denied Cisco’s motion for summary judgement.
The decrease in net loss was due to the reduction of operating expenses; and
Adjusted EBITDA1 loss for the three months ended December 31, 2023 improved by 52.8% to $0.2 million, compared to Adjusted EBITDA1 loss of $0.5 million for the three months ended December 31, 2022.
Financial Results for Year Ended December 31, 2023
Revenue for the year ended December 31, 2023 and 2022 remained relatively unchanged at $11.0 million.

Paltalk, Inc. Reports an Increase in Revenue of 5.5% in Third Quarter 2023

Retrieved on:

Tuesday, November 7, 2023

JERICHO, NY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 third quarter ended September 30, 2023.

Key Points:

In July of 2023, Geoff was named CEO of Noom, Inc., a leading digital health platform combining personalized psychology with modern medicine.
Before that, Geoff executed numerous acquisitions while growing The Meet Group, and ultimately sold it in 2020 for approximately $500 million to ProSiebenSat.1 Media.
6,683,858, and on January 19, 2023, the Examiner issued an Ex Parte Reexamination Certificate, ending the reexamination and confirming the patentability of claims 1-10 of U.S. Patent No.
On June 29, 2023, the Court held a pretrial conference with the parties and denied Cisco’s motion for summary judgement.

Paltalk, Inc. Reports 12% Revenue Growth to $3.0 Million in Second Quarter 2023

Retrieved on:

Tuesday, August 8, 2023

JERICHO, NY, Aug. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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, 2023.

Key Points:

All of our attention and efforts to optimize our platforms and streamline our costs have paid off and improved our foundation.
Our infrastructure is capable of supporting additional business, so if we continue to expand revenue, we are confident that it would result in increased profitability.
Financial Results for Three Months Ended June 30, 2023
Revenue for the three months ended June 30, 2023 increased by 11.8% to $3.0 million, compared to $2.6 million for the three months ended June 30, 2022.
Financial Results for Six Months Ended June 30, 2023
Revenue for the six months ended June 30, 2023 decreased by 0.9% to $5.5 million, compared to $5.6 million for the six months ended June 30, 2022.

Paltalk, Inc. Reports First Quarter 2023 Financial Results

Retrieved on:

Tuesday, May 9, 2023

JERICHO, NY , May 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 first quarter ended March 31, 2023.

Key Points:

$13.9 Million in Cash and Cash Equivalents at March 31, 2023
JERICHO, NY , May 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 first quarter ended March 31, 2023.
On September 7, 2022, the United States Patent Office issued a reexamination of U.S. Patent No.
6,683,858, and on January 19, 2023, the Examiner issued an Ex Parte Reexamination Certificate, ending the reexamination and confirming the patentability of claims 1-10 of U.S. Patent No.
A trial is scheduled for early third quarter of 2023.

Paltalk, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Thursday, March 23, 2023

JERICHO, NY, March 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 fourth quarter and year ended December 31, 2022.

Key Points:

On September 7, 2022, the United States Patent Office issued a reexamination of U.S. Patent No.
Jason Katz, Chairman and CEO of Paltalk, commented, “We are encouraged with our sequential quarterly growth, as our fourth quarter revenue is 7% greater than what we reported for the third quarter of 2022.
Our operating expenses as a percentage of revenue declined to 129% for the fourth quarter of 2022 versus 140% for the third quarter of 2022, demonstrating our improved operating efficiencies.
Financial Results for Year Ended December 31, 2022
Revenue for the year ended December 31, 2022 decreased by 17% to $11.0 million, compared to $13.3 million for the year ended December 31, 2021.

Paltalk to Host Third Quarter 2022 Earnings Results Conference Call on Monday, November 7, 2022 at 4:30 p.m. ET

Retrieved on:

Wednesday, October 26, 2022

SEC, Company, Paltalk, Security (finance), Privacy, U.S. Securities and Exchange Commission, ManyCam, Forward-looking statement, Annual report, Technology, News, Nasdaq, COVID-19, Risk, Internet, History, Camfrog

If you would like to submit a question, please send an email with your question to [email protected] prior to the call.

Key Points:

If you would like to submit a question, please send an email with your question to [email protected] prior to the call.
Paltalk, Inc. is a communications software innovator that powers multimedia social applications.
Our product portfolio includes Paltalk and Camfrog, which together host one of the worlds largest collections of video-based communities.
Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov .

Paltalk to Host Second Quarter 2022 Earnings Results Conference Call on Monday, August 8, 2022 at 4:30 p.m. ET

Retrieved on:

Wednesday, July 27, 2022

Nasdaq, ManyCam, U.S. Securities and Exchange Commission, Paltalk, Forward-looking statement, SEC, History, Privacy, COVID-19, News, Internet, Technology, Company, Security (finance), Annual report, Risk, Camfrog

If you would like to submit a question, please send an email with your question to [email protected] prior to the call.

Key Points:

If you would like to submit a question, please send an email with your question to [email protected] prior to the call.
Paltalk, Inc. is a communications software innovator that powers multimedia social applications.
Our product portfolio includes Paltalk and Camfrog, which together host one of the worlds largest collections of video-based communities.
Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov .

Paltalk Engages Roth Capital Partners to Assist With Its Strategic Initiative of Mergers and Acquisitions

Retrieved on:

Tuesday, June 28, 2022

JERICHO, NY, June 28, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a leading communications software innovator that powers multimedia social applications, today announced that its Board of Directors has approved the engagement of Roth Capital Partners, LLC (“Roth”) as the Company’s financial advisor and investment banker to explore strategic initiatives focused on buy-side acquisitions.

Key Points:

Paltalk, Inc. is a communications software innovator that powers multimedia social applications.
Our product portfolio includes Paltalk and Camfrog, which together host one of the worlds largest collections of video-based communities.
Roth Capital Partners, LLC is a relationship-driven investment bank focused on serving emerging growth companies and their investors.
As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access.

Paltalk, Inc. Announces Upgrade Release of ManyCam Version 8.0

Retrieved on:

Friday, June 17, 2022

JERICHO, NY, June 17, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a leading communications software innovator that powers multimedia social applications, is pleased to announce the release of the Windows version of ManyCam 8.0, an upgrade to its recently acquired asset.

Key Points:

Jason Katz, Chairman and CEO of Paltalk, commented, We are very excited that within days of acquiring the ManyCam asset, we have been able to launch ManyCam version 8.0.
ManyCam version 8.0 offers quicker access, dark and light modes and overall rendering performance improvement for high resolution users as well as improved quality and performance with regard to virtual backgrounds.
Our team now plans to actively promote and cross-market ManyCam version 8.0 to our Paltalk and Camfrog communities.
ManyCam version 8.0 has many improvements over the prior versions of ManyCam including:
Paltalk, Inc. is a communications software innovator that powers multimedia social applications.

Paltalk, Inc. Announces Acquisition of Visicom’s ManyCam Assets

Retrieved on:

Thursday, June 9, 2022

ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on any streaming platform, video conferencing app or distance learning tool.

Key Points:

ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on any streaming platform, video conferencing app or distance learning tool.
Jason Katz, Chairman and CEO of Paltalk, commented, I have been impressed with the ManyCam software for many years.
ManyCam gives users the ability to have multiple camera feeds, backgrounds and effects while also enabling users to share presentations, spreadsheets, documents and much more.
The purchase price for the ManyCam assets was $2.7 million in cash consideration, plus a potential earn-out payment of up to $600,000 upon the achievement of certain performance thresholds related to gross sales of ManyCam software over the six-month period following the closing of the acquisition.