Paltalk, Inc., together with its subsidiaries, operates as a communications software provider that develops multimedia social applications and secure communication solutions worldwide. The company offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and Vumber, a telecommunications application 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. It also provides technology development and related services; and professional services. The company was formerly known as PeerStream, Inc. and changed its name to Paltalk, Inc. in May 2020. Paltalk, Inc. is based in Jericho, New York.
IPO Year:
Exchange: NASDAQ
Website: paltalk.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2021 | $12.00 | Buy | Maxim Group |
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
JERICHO, NY, July 27, 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 second quarter 2022 earnings results conference call on Monday, August 8, 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 six months ended June 30, 2022 and address stockholder questions. The details for the conference call can be found below. Second Quarter 2022 Conference CallDate: Monday, August 8, 2022Time: 4:30 PM E
Commenced Plan to Increase Marketing Spend and Product Development to Target Subscribers and Advertising Growth Cash Balance of $20.4 Million at Quarter End Jericho, NY, May 10, 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 first quarter ended March 31, 2022. Key Financial Highlights for First Quarter Ended March 31, 2022 Compared to Prior Year Period Revenue decreased 13% to $2.9 million, due to the decrease in subscription revenue and technology service revenue in
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
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 financial and operational results for the fourth quarter and year ended December 31, 2023. Key Financial Highlights for Fourth Quarter Ended December 31, 2023 Compared to Prior Year Period Total Revenue decreased 4% to $2.7 millionSubscription revenue decreased 5% to $2.6 millionAdverti
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
Generated Positive Cash Flow from Operations for Quarter 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 Financial Highlights for Third Quarter Ended September 30, 2023 Compared to Prior Year Period Revenue increased 5.5% to $2.8 millionSubscription revenue increased 5% to $2.7 millionAdvertising revenue increased 12% to $0.1 millionNet loss was $0.2 million compared to a net loss of $1.1 million, a decrease
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
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Maxim Group initiated coverage of Paltalk with a rating of Buy and set a new price target of $12.00
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
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Maxim Group analyst Allen Klee maintains Paltalk (NASDAQ:PALT) with a Buy and lowers the price target from $5 to $4.5.
Paltalk (NASDAQ:PALT) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $(0.02) by 150 percent. This is a 37.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $2.598 million which missed the analyst consensus estimate of $2.648 million by 1.89 percent. This is a 1.33 percent increase over sales of $2.564 million the same period last year.
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Paltalk (NASDAQ:PALT) reported quarterly losses of $(0.03) per share. This is a 40 percent increase over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $2.69 million. This is a 3.69 percent decrease over sales of $2.79 million the same period last year.
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Paltalk (NASDAQ:PALT) is set to give its latest quarterly earnings report on Friday, 2024-03-15. Here's what investors need to know before the announcement. Analysts estimate that Paltalk will report an earnings per share (EPS) of $0.00. Paltalk bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by a 2.38% increase in the share price th
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