Paltalk Inc   (PALT)
Other Ticker:  
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
Price: $4.5300 $-0.29 -6.017%
Day's High: $4.99 Week Perf: -2.79 %
Day's Low: $ 4.46 30 Day Perf: 10.22 %
Volume (M): 107 52 Wk High: $ 5.19
Volume (M$): $ 484 52 Wk Avg: $2.29
Open: $4.80 52 Wk Low: $1.37

 Market Capitalization (Millions $) 42
 Shares Outstanding (Millions) 9
 Employees -
 Revenues (TTM) (Millions $) 11
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Paltalk Inc
Paltalk Inc is a software development company that specializes in providing communication and video chat solutions. Founded in 1998, the company is known for its flagship product, Paltalk Messenger, which allows users to connect with others through video, voice, and text chat. Paltalk's platform also includes features like instant messaging, virtual gift-giving, and chat room creation, making it popular among both individual users and businesses. Paltalk Inc has continued to innovate and expand its product offerings to cater to a wide range of communication needs, including mobile applications and integration with social media platforms.

   Company Address: 30 Jericho Executive Plaza Suite 400E Jericho 11753 NY
   Company Phone Number: 967-5120   Stock Exchange / Ticker: NASDAQ PALT
   PALT is expected to report next financial results on March 22, 2024.


Stock Performances by Major Competitors

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Paltalk Inc

Paltalk Inc: Surprisingly, Revenue Rise Fails to Offset Losses in Q3 2023

Paltalk Inc, a company operating in the Professional Services sector, reported its financial results for the period of July to September 30, 2023. During this interval, the company recorded a loss of $0.02 per share, a significant improvement compared to a loss of $0.11 per share in the same period the previous year. Additionally, the company's earnings per share (EPS) fell from $0.01 per share in the prior financial reporting period.
Despite the improvement in earnings per share, PALT's revenue growth of 5.507% to $2.77 million during the reported period was slightly below that of its peers in the Professional Services sector. On average, PALT's sector peers experienced an 8.31% growth in their top-line during the same period.

Paltalk Inc

Surprising Profit Surge Masks Clouds of Uncertainty for Paltalk Inc: Is their newfound success sustainable?

Paltalk Inc, a professional services company, recently reported a modest improvement in its financials for the April to June 30, 2023, financial span. While the company turned a profit after consecutive losses, there are several reasons to believe that this surge in profitability may be short-lived. This article aims to examine the key factors that contribute to a bearish outlook for Paltalk Inc.
Uncertainty Surrounding Sustainability:
Although Paltalk Inc achieved a turnaround in profitability from the previous year, it is essential to assess the sources of this newfound success. The primary driver seems to be growth in revenue, which increased by 11.781% year-over-year. However, it is important to note that the revenue growth rate of Paltalk Inc's industry contemporaries averaged 6.89% during the same period, suggesting that Paltalk Inc's growth may not be sustainable in the long run.

Paltalk Inc

Reviving Interest: PALT Experiences Significant Decline in Revenue amidst Challenging Fiscal Quarter2.

Paltalk Inc, a leading online chat community, released their first quarter 2023 earnings report, which showed a continued decline in revenue and a growing loss in earnings compared to the same period last year.
In the first quarter of 2023, PALT lost $0.08 per share, which is the same as their loss a year ago. However, the company's loss increased from the prior reporting period, where they had a loss of $0.04 per share. Revenue declined drastically by 12.392%, from $2.93 million to $2.56 million compared to the first quarter of 2022. Additionally, there was a sequential decline in revenue of -8.261% from $2.79 million.


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