INTELLIGENT PROTECTION MANAGEMENT CORP.

Listed Company

IPMCIK 0001355839NasdaqNon-AcceleratedSmaller ReportingServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$23.61M

Net Income

$-1.96M

Total Assets

$26.04M

Equity

$18.19M

Shares Out

9.09M

Op. Cash Flow

$1.08M

Business

INTELLIGENT PROTECTION MANAGEMENT CORP. provides IT and cloud-based managed services focused on secure, compliant infrastructure and cybersecurity for commercial and enterprise customers. It offers managed IT security, professional services (including cybersecurity, infrastructure and software implementation), procurement, secure private cloud hosting, managed backup and disaster recovery, web hosting, and continues to support the ManyCam live-streaming and virtual camera software. Its business is organized around these five core service areas and related consulting and hosting solutions. It serves U.S. customers across industries such as finance, healthcare, legal and manufacturing, selling primarily through its direct sales force and referral arrangements.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	24	1	962,032	11	13
Costs of revenue	11	262,888	284,892	3	3
Sales, marketing and product development expense (includes $344,365 in 2025 of related party expense)	3	277,244	91,939	2	1
General and administrative expense	11	5	4	4	3
Depreciation and amortization	3	821,696	—	—	—
Litigation expenses relating to the Cisco ManyCam Litigation	717,780	—	—	—	—
Total costs and expenses	28	6	5	15	13
Operating loss from continuing operations	−5	−5	−4	−4	519,490
Interest income, net	340,831	569,016	639,611	—	—
Other income, net	95,013	146,269	343,045	—	—
Loss from continuing operations before income tax benefit	−4	−4	−3	−4	1
Income tax benefit	2	137,589	27,947	171,665	−9,951
Net loss from continuing operations	−2	−4	−3	—	—
Loss from discontinued operations	—	−4	2	—	—
Net loss	−2	−8	−1	−3	1
Basic continuing operations (in Dollars per share)	−0.15	−0.48	−0.29	—	0.17
Diluted continuing operations (in Dollars per share)	−0.15	−0.48	−0.29	—	0.17
Basic discontinued operations (in Dollars per share)	—	−0.43	0.17	—	—
Diluted discontinued operations (in Dollars per share)	—	−0.43	0.17	—	—
Basic net loss per share (in Dollars per share)	−0.15	−0.91	−0.12	−0.35	0.17
Diluted net loss per share (in Dollars per share)	−0.15	−0.91	−0.12	−0.35	0.17
Weighted average number of shares, Basic (in Shares)	13	9	9	10	8
Weighted average number of shares, Diluted (in Shares)	13	9	9	10	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	6	11	14	15	22
Cash and cash equivalent (on deposit with related party)	2	—	—	—	—
Cash and cash equivalents restricted cash (on deposit with related party)	1	—	—	—	—
Accounts receivable, net of allowance of $100,000	2	—	92,704	122,297	153,448
Prepaid expense and other current assets	1	462,422	744,510	543,199	239,258
Employee retention tax credit receivable, net	—	114,212	114,212	—	—
Assets held for sale - current	—	72,925	338,828	—	—
Total current assets	11	11	15	15	22
Property and equipment, net	550,628	—	—	—	69,599
Intangible assets, net	8	2	3	4	196,543
Goodwill	5	—	6	6	6
Assets held for sale - noncurrent	—	3	6	—	—
Operating lease right-of-use assets, net	1	74,490	77,005	159,181	239,491
Other assets	602,688	13,937	13,937	13,937	13,937
Total assets	26	16	24	25	29
Accounts payable	2	380,298	99,307	1	1
Accrued expenses and other current liabilities	1	509,759	226,120	225,193	—
Operating lease liabilities, current portion	756,590	74,490	77,005	82,176	80,309
Deferred subscription revenue	4	555,039	544,442	—	—
Liabilities held for sale - current	—	2	2	—	—
Total current liabilities	7	4	3	4	4
Operating lease liabilities, non-current portion	387,906	—	—	77,005	159,182
Deferred tax liability	148,898	429,045	614,041	716,903	—
Total liabilities	8	4	4	4	4
Commitments and contingencies (Note 12)	—	—	—	—	—
Series A Preferred Stock, $0.001 par value, 9,000,000 authorized, 4,000,000 and 0 shares outstanding as of December 31, 2025 and 2024, respectively	4,000	—	—	—	—
Common stock, $0.001 par value, 50,000,000 shares authorized, 9,878,950 shares issued and 9,085,729 and 9,236,987 shares outstanding as of December 31, 2025 and 2024, respectively	9,879	9,879	9,864	9,864	9,864
Treasury stock, 793,221 and 641,963 shares repurchased as of December 31, 2025 and 2024, respectively	−2	−1	−1	—	—
Additional paid-in capital	45	36	—	36	36
Accumulated deficit	−25	−23	−15	−14	−10
Total stockholders equity	18	12	20	21	25
Total liabilities and stockholders equity	26	16	24	25	29

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of intangible assets	2	821,696	822,334	601,264	184,667
Amortization of operating lease right-of-use assets	415,661	83,700	82,176	80,310	—
Depreciation of property and equipment	467,567	—	—	—	—
Income tax liability	−2	−71,764	—	—	—
Deferred tax liability	—	−137,589	−123,114	−171,665	—
Stock-based compensation	343,850	151,412	234,993	333,825	−35,653
Allowance for credit losses	3,436	—	49,274	—	—
Accounts receivable	2	—	−19,681	31,151	−78,803
Operating lease liability	−411,361	−83,700	−82,176	−80,310	−74,416
Employee retention tax credit receivable, net	114,212	—	−114,212	—	—
Prepaid expense and other current assets	−466,344	95,343	−295,491	−303,941	−2,554
Other assets	−588,751	—	—	—	—
Accounts payable, accrued expenses and other current liabilities, related party	1	737,327	−335,369	−453,928	680,848
Deferred subscription revenue	−126,925	10,597	−494,889	—	—
Net cash provided by (used in) operating activities continuing operations	1	−3	−3	—	—
Net cash used in operating activities discontinued operations	—	−357,634	2	—	—
Net cash provided by (used in) operating activities	1	−3	−1	−3	1
Cash paid for acquisition of NTS	−4	—	—	—	—
Purchases of fixed assets	−280,149	—	—	—	—
Net cash used in investing activities	−4	—	−85,000	−3	858,848
Proceeds from sale of Transferred Assets	1	—	—	—	—
Purchase of treasury stock	−301,048	—	—	—	—
Proceeds from exercise of employee stock options	—	39,772	—	—	8,002
Net cash provided by financing activities	1	39,772	−7,213	−997,924	14
Net decrease in cash and cash equivalents	−2	−3	−1	−7	—
Non-cash portion of consideration for acquisition of NTS (Series A Preferred Stock issuance)	8	—	—	—	—

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