Paltalk, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:21 pm EDT
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Paltalk, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 2.96 million compared to USD 2.64 million a year ago. Net income was USD 0.135629 million compared to net loss of USD 1.13 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.
For the six months, revenue was USD 5.52 million compared to USD 5.57 million a year ago. Net loss was USD 0.602669 million compared to USD 1.87 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.19 a year ago.
Paltalk, Inc. is a communications software provider that powers multimedia social applications. Its products include Paltalk, Camfrog, ManyCam, Tinychat and Vumber. Paltalk and Camfrog are both available on Windows, Mac OS, iOS, Android and other tablet devices. Together, these products power a collection of video-based communities, with technology to host thousands of simultaneous live group conversations on topics such as politics, financial markets, music and dating, among others. ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on streaming platforms, video conferencing apps and distance learning tools. Vumber is a telecommunications services provider that enables users to communicate privately by having multiple phone numbers with any area code through which calls can be forwarded to a user's existing telephone number. Tinychat is Web-based, enables adaptations of its video technology and does not require a download.
PALTALK, INC. 
