Maxim Group initiated coverage of Paltalk with a rating of Buy and set a new price target of $12.00

4 - PALTALK, INC. (0001355839) (Issuer)

4 - PALTALK, INC. (0001355839) (Issuer)

4 - PALTALK, INC. (0001355839) (Issuer)

4 - PALTALK, INC. (0001355839) (Issuer)

BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) and Paltalk, Inc. ("Paltalk") (NASDAQ:PALT) will host a conference call on January 2, 2025, to discuss the anticipated January 2, 2025 closing of Paltalk's acquisition (the "Acquisition") of Newtek Technology Solutions, Inc. ("NTS"). Earlier today, Paltalk announced that Paltalk's shareholders voted to approve proposals required to close the Acquisition, which closing is presently scheduled for January 2, 2025. As previously disclosed, in connection with NewtekOne's acquisition of Newtek Bank and transition to a financial holding company, NewtekOne made a commitment to the Board of Governors o

Awarded $65.7 Million Final Judgment in Trial Against Cisco Cash Balance of $12.1 Million at September 30, 2024 JERICHO, N.Y., Nov. 12, 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 third quarter ended September 30, 2024. Key Financial Highlights Third Quarter Ended September 30, 2024 Compared to Prior Year Period Revenue decreased 23.4% to $2.1 millionSubscription revenue decreased 23.9% to $2.0 millionAdvertising revenue decreased 7.1% to $0.1 millionNet loss was $1.5 mil

JERICHO, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its third quarter 2024 earnings results conference call on Tuesday, November 12, 2024 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's results for the three and nine months ended September 30, 2024, and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. Third Quarter 2024 Conference CallDate: Tuesday, November

BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ:NEWT), reports its financial and operating results for the three and nine months ended September 30, 2024. NewtekOne Financial Highlights for the Three Months Ended September 30, 2024 Net income was $11.9 million, and earnings per share ("EPS") was $0.45 per basic and diluted common share, for the three months ended September 30, 2024; a 4.7% increase, on a per share basis, compared to $10.9 million and $0.43 per basic and diluted common share for the three months ended June 30, 2024, and a 4.7% increase, on a per share basis, compared to $10.9 million and $0.43 per basic and dilut

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"). As previously disclosed, on July 23, 2021, Paltalk Holdings, Inc., a wholly owned subsidiary of the Company, filed the Lawsuit against Cisco in the Court, pursuant to which the Company alleged that certain of Cisco's products infringed U.S. Patent No. 6,

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. As previously disclosed, on July 23, 2021, Paltalk Holdings, Inc., a wholly owned subsidiary of the Company, filed a patent infringement lawsuit (the "Lawsuit") against Cisco in the U.S. District Court for the Western District of Texas, pursuant to which the C

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 millionSubscription revenue decreased 26.1% to $2.1 millionAdvertising revenue increased 29.2% to $0.1 millionNet loss was $0.9 million compared to a net income of $0.1 million, a decline of 788.8%Adjusted EBITDA1 loss was $

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. Pursuant to the Agreement, Palta

JERICHO, NY, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. ("Paltalk," the "Company," "we," our," or "us") (NASDAQ:PALT), a communications software innovator that powers multimedia social applications, announced today that it has entered into a definitive agreement (the "Acquisition Agreement"), pursuant to which Paltalk will acquire (the "Acquisition") Newtek Technology Solutions, Inc. ("NTS"), a wholly owned subsidiary of NewtekOne, Inc. ("Newtek"). NTS provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services including consulting and implementing technology solutions for enterprise and commercial clients

JERICHO, NY, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (Nasdaq: PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its second quarter 2024 earnings results conference call on Tuesday, August 13, 2024 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's results for the three and six months ended June 30, 2024 and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. Second Quarter 2

BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) and Paltalk, Inc. ("Paltalk") (NASDAQ:PALT) will host a conference call on January 2, 2025, to discuss the anticipated January 2, 2025 closing of Paltalk's acquisition (the "Acquisition") of Newtek Technology Solutions, Inc. ("NTS"). Earlier today, Paltalk announced that Paltalk's shareholders voted to approve proposals required to close the Acquisition, which closing is presently scheduled for January 2, 2025. As previously disclosed, in connection with NewtekOne's acquisition of Newtek Bank and transition to a financial holding company, NewtekOne made a commitment to the Board of Governors o

JERICHO, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its third quarter 2024 earnings results conference call on Tuesday, November 12, 2024 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's results for the three and nine months ended September 30, 2024, and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. Third Quarter 2024 Conference CallDate: Tuesday, November

JERICHO, NY, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (Nasdaq: PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its second quarter 2024 earnings results conference call on Tuesday, August 13, 2024 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's results for the three and six months ended June 30, 2024 and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. Second Quarter 2

JERICHO, NY, March 11, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its fourth quarter and full year 2023 earnings results conference call on Friday, March 15, 2024 at 9:00 a.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's quarterly and full year results for the three and twelve months ended December 31, 2023 and address stockholder questions submitted in advance of the conference call. The details for the conference cal

JERICHO, NY, Nov. 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its third quarter 2023 earnings results conference call on Tuesday, November 7, 2023 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's quarterly results for the three months ended September 30, 2023 and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. Third Quarter 2023 Conference CallDate: Tuesd

JERICHO, NY, Aug. 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a communications software innovator that powers multimedia social applications, is pleased to announce that it will host its second quarter 2023 earnings results conference call on Tuesday, August 8, 2023 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's quarterly results for the three months ended June 30, 2023 and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. Second Quarter 2023 Conference Call Date: T

JERICHO, NY, May 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (Nasdaq: PALT) ("Paltalk," the "Company," "we," "our" or "us"), a leading communications software innovator that powers multimedia social applications, is pleased to announce that it will host its first quarter 2023 earnings results conference call on Tuesday, May 9, 2023 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's quarterly results for the three months ended March 31, 2023 and address stockholder questions. The details for the conference call can be found below. First Quarter 2023 Conference CallDate: Tuesday, May 9, 2023Time: 4:30 PM ETDial-In Phone Number

JERICHO, NY, March 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a leading communications software innovator that powers multimedia social applications, is pleased to announce that it will host its fourth quarter and full year 2022 earnings results conference call on Thursday, March 23, 2023 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's quarterly results for the three months and twelve months ended December 31, 2022 and address stockholder questions. The details for the conference call can be found below. Fourth Quarter and Full Year 2022 Conference Call Dat

JERICHO, NY , Oct. 26, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (NASDAQ:PALT) ("Paltalk," the "Company," "we," "our" or "us"), a leading communications software innovator that powers multimedia social applications, is pleased to announce that it will host its third quarter 2022 earnings results conference call on Monday, November 7, 2022 at 4:30 p.m. Eastern Time. Paltalk CEO Jason Katz and CFO Kara Jenny will discuss the Company's quarterly results for the three months and nine months ended September 30, 2022 and address stockholder questions. The details for the conference call can be found below. Third Quarter 2022 Conference Call Date: Monday, November

Refining Strategy to Improve Performance and Optimize ManyCam Integration       Cash Balance of $16.9 Million at Quarter End   Jericho, NY, Aug. 08, 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 financial and operational results for the second quarter ended June 30, 2022. Key Financial Highlights for: Three Months Ended June 30, 2022 Compared to Prior Year Period Revenue decreased 23% to $2.6million, due to the decrease in subscription revenue and technology service revenue in the second quarter of 2022;Subs

Will Serve as Member of Strategic Transactions and Nominating Committees JERICHO, NY, Oct. 11, 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 that Geoffrey Cook was appointed to the board of directors of the Company, effective immediately. The Company increased the size of the board of directors from five (5) directors to six (6) directors, and Mr. Cook was selected to fill the newly created vacancy.  Jason Katz, Chairman and CEO of Paltalk, commented, "We are thrilled to have Geoff join our board of direct