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IPM — Intelligent Protection Management News Story

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Intelligent Protection Management Q2 revenue rises

Intelligent Protection Management Q2 revenue rises


Overview

  • US cybersecurity solutions provider's Q2 revenue rose 13% yr/yr

  • Net loss for Q2 widened

  • Adjusted EBITDA loss for Q2 increased to $0.6 mln from $0.4 mln yr/yr


Outlook

  • Company expects to recognize deferred revenue from pending product shipments in future quarters

  • Company says it is diversifying suppliers to better manage supply chain constraints going forward


Result Drivers

  • PROCUREMENT REVENUE - Co said a 64% increase in procurement revenue, driven by customer demand for AI-related equipment, contributed to Q2 growth

  • NEW AND EXPANDED CUSTOMER SALES - Co attributed revenue growth to generating new customers and expanding sales to existing customers

  • SUPPLY CHAIN CONSTRAINTS - Co experienced supply chain issues that delayed shipments, resulting in some revenue being deferred to future quarters


Company press release: ID:nACSqHq4qa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$6.50 mln

$6.35 mln (1 Analyst)

Q2 Adjusted EBITDA

Miss

-$600,000

$3,000 (1 Analyst)


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for Intelligent Protection Management Corp is $6.50, about 236.8% above its August 10 closing price of $1.93

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago


Reuters Recommended Reads

  • Aug 10 - N-Able Q2 revenue slightly beats estimates on AI-powered cybersecurity growth

  • Aug 10 - Rapid7's Q2 revenue, adj EPS beat analyst estimates

  • Aug 10 - Quantum Corp's Q1 revenue rises on storage solutions demand, flags supply constraints


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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