Intelligent Protection Management Corp.
- Open
- 1.75
- Day high
- 1.79
- Day low
- 1.69
- Prev close
- 1.74
- Volume
- 5K
- Mkt cap
- $16M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.9
- P/S
- 0.7
- Yield
- —
- Per share
- —
- ▲Insiders net buying $146K over the last 3 months (8 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
Intelligent Protection Management Corp. (IPM) is a Technology company listed on NASDAQ. The stock is down 9% over the past year. Over the trailing 3 months, insiders filed 8 open-market buys and 0 sales (SEC Form 4).
Intelligent Protection Management Corp. (IPM) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
IPM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 12, 2026 | $0.02 | $-0.05 | -350.0% | $6M | +2.5% |
| Mar 17, 2026 | $0.01 | $-0.05 | -600.0% | $6M | +2.1% |
| Nov 12, 2025 | $0.01 | $-0.08 | -900.0% | $6M | +3.9% |
| Aug 12, 2025 | $0.03 | $-0.08 | -366.7% | $6M | +1.6% |
| May 14, 2025 | $-0.08 | $0.06 | +175.0% | $6M | -4.4% |
| Mar 19, 2025 | $0.01 | $-0.03 | -400.0% | $-6M | -365.7% |
| Mar 31, 2024 | $0.05 | $-0.05 | -206.8% | $3M | -0.1% |
| Dec 31, 2023 | $0.01 | $-0.03 | -400.0% | $962032 | -65.6% |
| Sep 30, 2023 | $-0.02 | $-0.02 | +1.6% | $3M | -7.7% |
| Jun 30, 2023 | $-0.06 | $0.01 | +124.5% | $3M | +13.7% |
| Mar 31, 2023 | $-0.05 | $-0.08 | -60.1% | $3M | -14.5% |
| Dec 31, 2022 | — | $-0.09 | — | $11M | — |
IPM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 9, 2026 | Adam Katz 2012 Revocable Trust10 percent owner | Buy | 19,309 | $1.79 |
| Jun 9, 2026 | Adam Katz 2012 Revocable Trust10 percent owner | Buy | 2,200 | $1.79 |
| Jun 9, 2026 | Adam Katz 2012 Revocable Trust10 percent owner | Buy | 19,951 | $1.80 |
| Jun 9, 2026 | Adam Katz 2012 Revocable Trust10 percent owner | Buy | 21,512 | $1.80 |
| May 26, 2026 | Katz Jasondirector, 10 percent owner, officer: Chief Executive Officer | Buy | 10,000 | $1.97 |
| May 22, 2026 | SLOANE BARRYdirector | Buy | 5,000 | $1.95 |
| May 20, 2026 | Silberstein Johndirector | Buy | 1,000 | $1.92 |
| May 18, 2026 | Abada Yoramdirector | Buy | 1,000 | $1.89 |
| Mar 24, 2026 | Laifer Lancedirector | Grant | 10,000 | $1.62 |
| Mar 24, 2026 | Rabsatt Sidney E.director | Grant | 10,000 | $1.62 |
| Mar 24, 2026 | Zalko Adamofficer: Chief Operating Officer | Grant | 20,000 | $1.62 |
| Mar 24, 2026 | Abada Yoramdirector | Grant | 10,000 | $1.62 |
| Mar 24, 2026 | Silberstein Johndirector | Grant | 10,000 | $1.62 |
| Mar 24, 2026 | Jenny Kara Bdirector, officer: Chief Financial Officer | Grant | 20,000 | $1.62 |
| Mar 24, 2026 | Mills Jaredofficer: President | Grant | 20,000 | $1.62 |
Source: IPM SEC Form 4 filings, latest Jun 9, 2026. For informational purposes only — not investment advice.
See the full IPM insider & 13F page →Intelligent Protection Management Corp. company profile
Overview
Intelligent Protection Management Corp. (NASDAQ:IPM) is a technology company founded by Clifford Lerner and Darrell Lerner in 2005 and headquartered in Jericho, New York. Originally focused on developing multimedia communication software including video chat applications, the company has undergone a significant strategic transformation in recent years. After divesting its consumer-facing video chat applications Paltalk, Camfrog, and Vumber in 2024, IPM has pivoted to become a cloud infrastructure and cybersecurity services provider through its acquisition of Newtek Technology Solutions. The company also maintains valuable intellectual property assets and has achieved notable success in patent litigation, including a $65.7 million jury verdict against Cisco Systems.
Business
IPM operates in two distinct business areas following its recent strategic transformation. The company's legacy business centered on multimedia communication software, specifically video chat and live streaming applications. These applications enabled users to participate in video chatrooms, live streaming, and virtual social interactions, with revenue generated through subscription fees and virtual gift purchases - a monetization model common in social video platforms where users buy digital items to send to content creators or other users. Following its 2024 transformation, IPM now primarily operates as a managed IT services and cybersecurity provider through its acquisition of Newtek Technology Solutions. This business segment offers comprehensive technology solutions including managed hosting services, cybersecurity protection, backup and disaster recovery systems, IT procurement services, and web hosting. These services are particularly targeted at enterprises in regulated industries such as financial services and healthcare, where compliance and security requirements are stringent. The managed services industry involves outsourcing IT operations to specialized providers who maintain and monitor technology infrastructure on behalf of client organizations. The company also maintains a software licensing business through ManyCam, a video software application that allows users to enhance their video calls and live streams with effects, backgrounds, and multiple camera sources. Additionally, IPM holds valuable intellectual property assets in the form of patents related to communication and multimedia technologies, which it actively defends through litigation. Revenue distribution has shifted dramatically due to the recent business model change, with the legacy video chat applications (now divested) previously generating the majority of revenues, while the new managed services business and ManyCam software represent the current revenue base, though specific segment breakdowns are not yet available due to the recent nature of the transformation.
Revenue model
IPM's revenue model has evolved significantly with its business transformation. The company now generates income through multiple streams across its different business segments. The managed IT services business operates on a recurring subscription model, where enterprise clients pay monthly or annual fees for comprehensive technology services including managed hosting, cybersecurity monitoring, backup services, and IT support. This creates predictable, recurring revenue streams typical of managed service providers. Clients are primarily businesses in regulated industries that require specialized compliance and security expertise, willing to pay premium prices for 24/7 monitoring and expert technical support. ManyCam software generates revenue through software licensing and subscription fees from individual users and enterprises who need advanced video streaming capabilities. This includes both one-time license purchases and recurring subscription payments for premium features. The company's intellectual property portfolio provides revenue through patent licensing and litigation settlements. The recent $65.7 million jury verdict against Cisco demonstrates the significant value potential of this revenue stream, though such income is typically irregular and project-based. Several factors influence IPM's profit margins. Positive margin drivers include the recurring nature of managed services contracts, which provide predictable cash flows and allow for operational leverage as the business scales. The high-margin nature of software licensing also supports profitability. The company's expertise in regulated industries allows it to command premium pricing due to specialized compliance knowledge. Margin pressures come from the need to maintain 24/7 technical staff and network operations centers, which represent significant fixed costs. Intense competition in both cybersecurity and managed services markets can pressure pricing. Additionally, the need for continuous investment in security technologies and staff training to stay ahead of evolving cyber threats represents ongoing operational expenses. Economic downturns can reduce enterprise IT spending, while the company's previous consumer-facing applications were sensitive to discretionary spending patterns during inflationary periods.
Competitive moat
IPM's competitive moat appears moderate but developing in its new business focus. The company's strongest defensive position lies in its intellectual property portfolio, as demonstrated by the successful $65.7 million patent litigation against Cisco. Patent protection provides temporary monopolistic advantages, though these assets have finite lifespans and face ongoing validity challenges. In the managed services and cybersecurity sector, IPM's moat is still emerging. The company benefits from serving regulated industries like financial services and healthcare, where switching costs are higher due to compliance requirements and the critical nature of security services. Established client relationships in these sectors create some customer stickiness, as businesses are reluctant to change IT service providers once systems are integrated and compliance is established. The company's 24/7 Network Operations Center and specialized expertise in regulated environments provide some differentiation. However, the managed services industry is highly competitive with numerous established players ranging from large technology companies like IBM and Accenture to specialized regional providers. The barriers to entry are not particularly high, as the business primarily requires technical expertise and capital for infrastructure rather than proprietary technology. Many competitors have significantly greater resources, established client bases, and broader service offerings. Potential disruption comes from several sources: cloud hyperscalers like Amazon Web Services and Microsoft Azure increasingly offer managed services directly; artificial intelligence and automation tools may reduce the labor-intensive nature of managed services; and larger technology companies may acquire smaller players like IPM to gain market share. The company's relatively small size and limited geographic presence also constrain its ability to compete for larger enterprise contracts that require global service capabilities. The sustainability of IPM's competitive position will largely depend on its ability to develop deeper specialization in specific industry verticals and build stronger client relationships that increase switching costs.
Risks & safety
IPM presents a moderate margin of safety with strong liquidity but ongoing operational losses creating some concern. Liquidity and Solvency: 1. Strong cash position of $10.6 million with minimal long-term debt 2. Current ratio of 3.17x indicating solid short-term liquidity 3. Quick ratio of 3.17x showing ability to meet immediate obligations 4. Debt-to-equity ratio of only 0.006, indicating minimal leverage risk Cash Burn and Operational Risk: 1. Negative free cash flow of $1.5 million in Q4 2024 2. Full-year 2024 operating cash flow burn of $3.0 million 3. At current burn rate, cash reserves provide approximately 3-4 years of runway 4. Recent business transformation may improve cash generation going forward Valuation Metrics: 1. Trading at 1.54x book value, reasonable for asset base 2. Negative earnings make P/E ratios not meaningful 3. Enterprise value reflects patent litigation upside potential 4. Graham net-net ratio of 0.73 suggests some asset protection Other Considerations: The pending Cisco settlement could provide significant cash influx (estimated $20+ million after expenses), substantially improving the safety profile. However, the company's transition period creates execution risk, and the managed services business needs to demonstrate sustainable profitability to justify current operations.
Recent development
IPM has undergone a dramatic strategic transformation over the past two years, fundamentally changing its business model and market focus. The most significant development was the company's decision to divest its legacy video chat applications - Paltalk, Camfrog, and Vumber - which had been experiencing declining revenues due to reduced discretionary spending and competitive pressures in the consumer social video market. Simultaneously, IPM executed a strategic acquisition of Newtek Technology Solutions for $4 million in cash plus 4 million preferred shares, with an additional $5 million potential earn-out based on 2025-2026 EBITDA performance. This acquisition pivoted the company into the rapidly growing managed IT services and cybersecurity sectors, targeting enterprise clients in regulated industries such as financial services and healthcare. The company has also been actively defending and monetizing its intellectual property portfolio, achieving a landmark $65.7 million jury verdict against Cisco Systems in patent infringement litigation. This success has encouraged management to continue reviewing their patent portfolio for additional enforcement opportunities. On the product development front, IPM launched ManyCam Version 9 with enhanced user interface and video customization features, while exploring expansion opportunities in emerging markets like Africa and India. The company is also planning to integrate AI features into its secure private cloud offerings to differentiate its managed services business. Management has indicated they will continue pursuing strategic M&A opportunities to build scale in the managed services sector, leveraging their strong cash position and the potential influx from the Cisco settlement. The company's referral arrangement with NewtekOne also provides potential for business development synergies in their new market focus.
IPM company profile · for informational purposes only — not investment advice.
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