Paltalk, Inc. (PALT) Financial Statements (2024 and earlier)

Company Profile

Business Address 30 JERICHO EXECUTIVE PLAZA
JERICHO, NY 11753
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,74021,6375,5853,4276,5554,137
Cash and cash equivalents14,74021,6375,5853,4276,5554,137
Receivables12615371131327479
Other undisclosed current assets540239237167383369
Total current assets:15,40522,0305,8943,7257,2654,985
Noncurrent Assets
Operating lease, right-of-use asset15923969685
Property, plant and equipment  70256620578623
Intangible assets, net (including goodwill)9,8536,5236,7076,95415,40717,007
Goodwill6,3266,3266,3266,32613,08613,086
Intangible assets, net (excluding goodwill)3,5271973816282,3213,920
Other noncurrent assets14141487117 
Other undisclosed noncurrent assets  76491481,065150
Total noncurrent assets:10,0266,8537,6958,49417,16717,779
TOTAL ASSETS:25,43228,88313,58912,22024,43322,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2391,9951,2231,5813,5812,780
Employee-related liabilities318227138  
Accounts payable1,0141,3337421,0082,8432,374
Accrued liabilities225344254435738406
Deferred revenue    
Debt   339178  
Business combination, contingent consideration, liability 85     
Deferred tax liabilities 1,452
Other undisclosed current liabilities2,3401,6782,0251,6915,5801,101
Total current liabilities:3,6633,6733,5863,4519,1615,334
Noncurrent Liabilities
Long-term debt and lease obligation 77159168583  
Long-term debt, excluding current maturities 77 168   
Liabilities, other than long-term debt      
Deferred income tax liabilities    
Operating lease, liability 159 583
Other undisclosed noncurrent liabilities 717(159)  118 
Total noncurrent liabilities:794159168583118 
Total liabilities:4,4573,8323,7544,0349,2795,334
Equity
Equity, attributable to parent20,97425,0519,8358,18615,15417,431
Common stock10107777
Treasury stock, value(1,192)(194)(11)(2)  
Additional paid in capital35,97435,64021,56821,28119,86718,347
Accumulated deficit(13,817)(10,405)(11,729)(13,100)(4,720)(923)
Total equity:20,97425,0519,8358,18615,15417,431
TOTAL LIABILITIES AND EQUITY:25,43228,88313,58912,22024,43322,764

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,99013,27412,83315,28426,35624,841
Revenue, net24,841
Cost of revenue(2,824)(2,720)(2,573)(3,174)(4,884)(4,861)
Other cost of operating revenue (4,551)     
Gross profit:8,16610,55410,26012,10921,47219,980
Operating expenses(11,825)(9,528)(9,266)  (25,640)
Other undisclosed operating income (loss)  (506)249(20,724)(22,812) 
Operating income (loss):(3,659)5191,243(8,615)(1,340)(5,660)
Interest and debt expense  507(4)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (2,454)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(3,659)1,0261,239(8,615)(3,794)(5,665)
Other undisclosed income (loss) from continuing operations before income taxes75308133(469)  
Income (loss) from continuing operations before income taxes:(3,584)1,3341,372(9,084)(3,794)(5,665)
Income tax expense (benefit)172(10)(0)142(3)(229)
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(3,412)1,3241,371(8,943)(3,797)(5,894)
Income (loss) before gain (loss) on sale of properties:1,3241,371(8,380)(3,797)(5,894)
Income from discontinued operations    563  
Net income (loss):(3,412)1,3241,371(8,380)(3,797)(5,894)
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:(3,412)1,3241,371(8,380)(3,797)(5,894)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(3,412)1,3241,371(8,380)(3,797)(5,894)
Comprehensive income (loss), net of tax, attributable to parent:(3,412)1,3241,371(8,380)(3,797)(5,894)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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