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 2 ...

文章核心观点 - NewtekOne公司同意出售其全资子公司Newtek Technology Solutions给Paltalk公司 [1][2] - 交易完成后,Paltalk将向NewtekOne支付4百万美元现金,并发行4百万股新创设的无表决权优先股 [3][4][5][6][7] - NewtekOne可能还能获得最高5百万美元的业绩奖励,具体取决于2025年和2026年的累计平均调整后EBITDA指标 [5][6] - 交易完成后,NewtekOne将持有Paltalk约30.3%的股权 [7] - 交易有助于Paltalk增加收入,并进入云基础设施和网络安全领域 [10] 交易背景 - NewtekOne收购Newtek Bank并转型为金融控股公司时,曾承诺联邦储备系统董事会剥离或终止NTS业务 [2] - NewtekOne希望为NTS找到合适的新东家,由Paltalk的管理团队继续运营并为客户提供优质的IT服务 [8][9] 行业动态 - 其他金融公司也在进行业务剥离,如花旗集团退出中国消费者银行业务 [12][13][14]

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 R ...

Paltalk, Inc. (NASDAQ:PALT) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Kara Jenny - Chief Financial Officer Jason Katz - Chief Executive Officer Conference Call Participants Operator Good morning, everyone, and welcome to the Paltalk First Quarter 2024 Results Conference Call. At this time, all participants have been placed on a listen-only mode. It is now my pleasure to turn the floor over to your host, CFO, Kara Jenny. Ma'am, the floor is yours. Kara Jenny Hello, everyone ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-38717 PALTALK, INC. (Exact name of registrant as specified in its charter) Delaware 20-3191847 (State or other jurisdicti ...

Exhibit 99.1 Paltalk, Inc. Reports Slight Increase in Revenue and 33% Reduction in Net Loss for First Quarter 2024 Cash Balance of $13.0 Million at March 31, 2024 Jericho, NY - May 9, 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 first quarter ended March 31, 2024. Key Financial Highlights for Fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-38717 PALTALK, INC. (Exact name of registrant as specified in its charter) Delaware 20-3191847 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identific ...

Exhibit 99.1 Paltalk, Inc. Reports Increased Operating Efficiencies with 69% Reduction in Net Loss for Fiscal Year 2023 Net Cash Used in Operating Activities for Q4 2023 was $0.1 Million Q4 2023 Cash Balance Remains Strong at $13.6 Million and No Long-Term Debt 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 financi ...

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. It is now my pleasure to turn the floor over to your host, Jason Katz, Chief Executive Officer of Paltalk; and Kara Jenny, Chief Financial Officer of Paltal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-38717 PALTALK, INC. (Exact name of registrant as specified in its charter) Delaware 20-3191847 (State or other jurisd ...