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Paltalk Inc - PALT STOCK NEWS

Welcome to our dedicated news page for Paltalk (Ticker: PALT), a resource for investors and traders seeking the latest updates and insights on Paltalk.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Paltalk's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Paltalk's position in the market.

Rhea-AI Summary
Paltalk, Inc. reported Q4 2023 net cash used in operating activities at $0.1 million, with a strong cash balance of $13.6 million and no long-term debt. Total revenue decreased by 4% to $2.7 million, while advertising revenue increased by 40%. Net loss improved by 43% to $0.3 million, and Adjusted EBITDA loss improved by 53%. For the year ended December 31, 2023, total revenue remained unchanged at $11.0 million, with a 68% improvement in net loss and a 62% improvement in Adjusted EBITDA loss. The company had $13.6 million in cash and no long-term debt on its balance sheet. Paltalk highlighted efforts to decrease operating expenses, expand marketing efficiency, explore strategic opportunities, and defend intellectual property.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.32%
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Rhea-AI Summary
Paltalk, Inc. (PALT) to host Q4 and full year 2023 earnings conference call on March 15, 2024. CEO and CFO to discuss financial results and address stockholder questions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
conferences earnings
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Rhea-AI Summary
PALT announced positive cash flow from operations for the third quarter, reporting a 5.5% increase in revenue to $2.8 million, with a net loss of $0.2 million, representing an 83% decrease compared to the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
Rhea-AI Summary
Paltalk, Inc. (Nasdaq: PALT) 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
conferences earnings
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Rhea-AI Summary
Geoffrey Cook appointed to the board of directors of Paltalk, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
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conferences
Rhea-AI Summary
Paltalk engages Cleverbridge for global payment processing capabilities, optimizing international markets and minimizing risk.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.35%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
conferences earnings
Rhea-AI Summary
Paltalk, Inc. announced financial results for Q1 2023. Revenue decreased by 12.4% to $2.6 million compared to the prior year. Net loss remained relatively unchanged at $0.7 million. The company had $13.9 million in cash and no long-term debt on its balance sheet as of March 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.08%
Tags
Paltalk Inc

Nasdaq:PALT

PALT Rankings

PALT Stock Data

34.21M
5.95M
35.49%
7.87%
0.23%
Software Publishers
Information
Link
United States
Jericho

About PALT

snap interactive, inc. (otc bb: stvi), a publicly traded company based in new york city, is a dynamic, fast-paced technology company creating rich media, multi-platform social experiences such as paltalk, firstmet, camfrog, tinychat, the grade, & many more. snap was founded in 2005 and is headquartered in new york city. for more information, be sure to visit us: * blog --- http://www.snap-interactive.com/blog/ * facebook --- http://www.facebook.com/snapinteractiveinc * twitter --- @snapinteractive