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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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2021 | $12.00 | Buy | Maxim Group |
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 $
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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.
Gainers Motorsport Games (NASDAQ:MSGM) shares rose 14.4% to $3.34 during Thursday's regular session. The company's market cap stands at $9.0 million. Chicken Soup for the Soul (NASDAQ:CSSEP) stock rose 14.09% to $0.51. Hanryu Holdings (NASDAQ:HRYU) stock rose 12.15% to $0.37. The market value of their outstanding shares is at $19.4 million. Paltalk (NASDAQ:PALT) shares moved upwards by 11.81% to $3.88. The company's market cap stands at $35.7 million. Reddit (NYSE:RDDT) shares increased by 8.81% to $45.8. The market value of their outstanding shares is at $7.4 billion. Kuke Music Hldg (NYSE:KUKE) stock moved upwards by 8.59% to $2.71. The company's market cap stands at $90.2 million.
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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
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
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Maxim Group initiated coverage of Paltalk with a rating of Buy and set a new price target of $12.00