Paltalk Inc. (PALT) Financial Statements (2025 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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,56814,74021,6375,5853,4276,555
Cash and cash equivalents13,56814,74021,6375,5853,4276,555
Receivables9312615371131327
Other undisclosed current assets1,105540239237167383
Total current assets:14,76615,40522,0305,8943,7257,265
Noncurrent Assets
Operating lease, right-of-use asset7715923969685
Property, plant and equipment   70256620578
Intangible assets, net (including goodwill)9,0319,8536,5236,7076,95415,407
Goodwill6,3266,3266,3266,3266,32613,086
Intangible assets, net (excluding goodwill)2,7043,5271973816282,321
Other noncurrent assets1414141487117
Other undisclosed noncurrent assets   76491481,065
Total noncurrent assets:9,12210,0266,8537,6958,49417,167
TOTAL ASSETS:23,88725,43228,88313,58912,22024,433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0181,2391,9951,2231,5813,581
Employee-related liabilities318227138 
Accounts payable7921,0141,3337421,0082,843
Accrued liabilities226225344254435738
Deferred revenue     
Debt    339178 
Business combination, contingent consideration, liability  85    
Other undisclosed current liabilities2,1202,3401,6782,0251,6915,580
Total current liabilities:3,1393,6633,6733,5863,4519,161
Noncurrent Liabilities
Long-term debt and lease obligation  77159168583 
Long-term debt, excluding current maturities  77 168  
Liabilities, other than long-term debt614     
Deferred income tax liabilities614    
Operating lease, liability  159 583
Other undisclosed noncurrent liabilities  717(159)  118
Total noncurrent liabilities:614794159168583118
Total liabilities:3,7534,4573,8323,7544,0349,279
Equity
Equity, attributable to parent20,13520,97425,0519,8358,18615,154
Common stock101010777
Treasury stock, value(1,199)(1,192)(194)(11)(2) 
Additional paid in capital36,20935,97435,64021,56821,28119,867
Accumulated deficit(14,885)(13,817)(10,405)(11,729)(13,100)(4,720)
Total equity:20,13520,97425,0519,8358,18615,154
TOTAL LIABILITIES AND EQUITY:23,88725,43228,88313,58912,22024,433

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,98010,99013,27412,83315,28426,356
Cost of revenue(3,238)(2,824)(2,720)(2,573)(3,174)(4,884)
Other cost of operating revenue  (4,551)    
Gross profit:7,7428,16610,55410,26012,10921,472
Operating expenses(9,812)(11,825)(9,528)(9,266)  
Other undisclosed operating income (loss)   (506)249(20,724)(22,812)
Operating income (loss):(2,070)(3,659)5191,243(8,615)(1,340)
Nonoperating income
(Other Nonoperating income)
 343     
Interest and debt expense   507(4)  
Other undisclosed loss from continuing operations before equity method investments, income taxes      (2,454)
Income (loss) from continuing operations before equity method investments, income taxes:(1,727)(3,659)1,0261,239(8,615)(3,794)
Other undisclosed income (loss) from continuing operations before income taxes64075308133(469) 
Income (loss) from continuing operations before income taxes:(1,088)(3,584)1,3341,372(9,084)(3,794)
Income tax expense (benefit)20172(10)(0)142(3)
Income (loss) from continuing operations:(1,067)(3,412)1,3241,371(8,943)(3,797)
Income (loss) before gain (loss) on sale of properties:1,3241,371(8,380)(3,797)
Income from discontinued operations     563 
Net income (loss) available to common stockholders, diluted:(1,067)(3,412)1,3241,371(8,380)(3,797)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1,067)(3,412)1,3241,371(8,380)(3,797)
Comprehensive income (loss), net of tax, attributable to parent:(1,067)(3,412)1,3241,371(8,380)(3,797)

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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