Paltalk Inc reports results for the quarter ended in March - Earnings Summary

Intelligent Protection Management

09/05/2023 22:02

* Paltalk Inc  PALT.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for a loss of 5 cents per
share.
    * Revenue fell 12.4% to $2.56 million from a year ago;
analysts
expected $2.95 million. 
    * Paltalk Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The mean earnings estimate of analysts had risen by
about 50% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Paltalk Inc shares had fallen by 8.5% this quarter and
gained 47.7% so far this year.
    * The company reported a quarterly loss of $738 thousand.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.05          -0.08          Missed
 Dec. 31 2022      -0.10          -0.05          Beat
 Sep. 30 2022      -0.07          -0.11          Missed
 Jun. 30 2022      -0.06          -0.12          Missed