Intelligent Protection Management (IPM)
Market Price (10/26/2026): $1.71 | Market Cap: $22.3 MilSector: Information Technology | Industry: Application Software
Intelligent Protection Management (IPM)
Market Price (10/26/2026): $1.71Market Cap: $22.3 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 114% Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include Cybersecurity, and Artificial Intelligence. Themes include Endpoint Protection, Network Security, Show more. | Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -80% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -13% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -20% Key risksIPM key risks include [1] the failure to successfully integrate its recent transformational acquisition of NTS and [2] severe reputational damage from a security breach of its own systems. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 114% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and Artificial Intelligence. Themes include Endpoint Protection, Network Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -80% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -13% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -20% |
| Key risksIPM key risks include [1] the failure to successfully integrate its recent transformational acquisition of NTS and [2] severe reputational damage from a security breach of its own systems. |
Qualitative Assessment
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Intelligent Protection Management (IPM) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Performance with Widened Net Loss Amid Revenue Growth.
Intelligent Protection Management (IPM) reported mixed results for fiscal Q2 2026 (ending June 30, 2026), which likely contributed to the stock remaining range-bound. The company saw a 13% year-over-year revenue increase to $6.5 million, driven by a 64% jump in procurement revenue due to AI-related infrastructure demand. However, the net loss widened to $1.4 million from $1.1 million in the prior year's fiscal Q2. This increased loss was attributed to supply chain constraints on components like memory, CPUs, and GPUs, which delayed revenue recognition and compressed margins on a large customer order, deferring approximately $4.5 million in revenue. Additionally, revenue from related party NewtekOne declined from 33% to 28% of total revenue due to IT spending cuts. While management reaffirmed its goal of achieving positive adjusted EBITDA in fiscal Q4 2026, the immediate mixed financial signals prevented significant stock movement in either direction.
2. Cautious Investor Reaction to Staged Acquisition.
On October 22, 2026, IPM announced a definitive agreement to acquire Advanced Technology Distributors' (AdTech) managed technology business for up to $2.7 million. This acquisition, while potentially strategic, is structured in two stages, with IPM initially acquiring a 49% stake and the remaining 51% at a later closing. The consideration includes cash, a seller note, and a performance-based earnout, with no upfront payment made at signing and regulatory approvals still pending. The relatively small transaction size and the phased nature of the deal, requiring future approvals and performance milestones, likely led to a "wait and see" approach from investors, dampening any immediate strong positive sentiment. The stock closed down 1.16% on the day of the announcement.
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Intelligent Protection Management (IPM) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Performance with Widened Net Loss Amid Revenue Growth.
Intelligent Protection Management (IPM) reported mixed results for fiscal Q2 2026 (ending June 30, 2026), which likely contributed to the stock remaining range-bound. The company saw a 13% year-over-year revenue increase to $6.5 million, driven by a 64% jump in procurement revenue due to AI-related infrastructure demand. However, the net loss widened to $1.4 million from $1.1 million in the prior year's fiscal Q2. This increased loss was attributed to supply chain constraints on components like memory, CPUs, and GPUs, which delayed revenue recognition and compressed margins on a large customer order, deferring approximately $4.5 million in revenue. Additionally, revenue from related party NewtekOne declined from 33% to 28% of total revenue due to IT spending cuts. While management reaffirmed its goal of achieving positive adjusted EBITDA in fiscal Q4 2026, the immediate mixed financial signals prevented significant stock movement in either direction.
2. Cautious Investor Reaction to Staged Acquisition.
On October 22, 2026, IPM announced a definitive agreement to acquire Advanced Technology Distributors' (AdTech) managed technology business for up to $2.7 million. This acquisition, while potentially strategic, is structured in two stages, with IPM initially acquiring a 49% stake and the remaining 51% at a later closing. The consideration includes cash, a seller note, and a performance-based earnout, with no upfront payment made at signing and regulatory approvals still pending. The relatively small transaction size and the phased nature of the deal, requiring future approvals and performance milestones, likely led to a "wait and see" approach from investors, dampening any immediate strong positive sentiment. The stock closed down 1.16% on the day of the announcement.
3. Lack of Strong Positive Catalysts and Persistent Analyst Caution.
Despite efforts to introduce new offerings and engage with investors, IPM did not experience significant upward momentum, partly due to the absence of strong catalysts and a cautious analyst outlook. In September 2026, the company launched "IPM GO," an AI virtual assistant, and participated in the Lytham Partners Fall 2026 Investor Conference. While these initiatives aim to generate positive sentiment and highlight innovation, they did not immediately translate into substantial stock price appreciation. This is further influenced by the existing analyst sentiment, which has a consensus rating of "Reduce" for IPM, with an average rating score of 1.50 based on one hold rating and one sell rating, indicating a generally cautious to negative outlook from the analyst community.
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Stock Movement Drivers
Fundamental Drivers
The 0.3% change in IPM stock from 6/30/2026 to 10/24/2026 was primarily driven by a 3.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302026 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.74 | 1.75 | 0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 25 | 3.0% |
| P/S Multiple | 0.9 | 0.9 | -2.9% |
| Shares Outstanding (Mil) | 13 | 13 | 0.3% |
| Cumulative Contribution | 0.3% |
Market Drivers
6/30/2026 to 10/24/2026| Return | Correlation | |
|---|---|---|
| IPM | 0.3% | |
| Market (SPY) | 1.8% | 8.9% |
| Sector (XLK) | -3.8% | 4.0% |
Fundamental Drivers
The 14.1% change in IPM stock from 3/31/2026 to 10/24/2026 was primarily driven by a 6.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.53 | 1.75 | 14.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 25 | 6.7% |
| P/S Multiple | 0.8 | 0.9 | 6.5% |
| Shares Outstanding (Mil) | 13 | 13 | 0.4% |
| Cumulative Contribution | 14.1% |
Market Drivers
3/31/2026 to 10/24/2026| Return | Correlation | |
|---|---|---|
| IPM | 14.1% | |
| Market (SPY) | 17.2% | 14.4% |
| Sector (XLK) | 38.0% | 11.2% |
Fundamental Drivers
The -12.3% change in IPM stock from 9/30/2025 to 10/24/2026 was primarily driven by a -59.5% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.99 | 1.75 | -12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12 | 25 | 113.5% |
| P/S Multiple | 2.2 | 0.9 | -59.5% |
| Shares Outstanding (Mil) | 13 | 13 | 1.3% |
| Cumulative Contribution | -12.3% |
Market Drivers
9/30/2025 to 10/24/2026| Return | Correlation | |
|---|---|---|
| IPM | -12.3% | |
| Market (SPY) | 15.0% | 20.4% |
| Sector (XLK) | 30.5% | 16.6% |
Fundamental Drivers
The -3.6% change in IPM stock from 9/30/2023 to 10/24/2026 was primarily driven by a -40.8% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.81 | 1.75 | -3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11 | 25 | 130.3% |
| P/S Multiple | 1.5 | 0.9 | -40.8% |
| Shares Outstanding (Mil) | 9 | 13 | -29.3% |
| Cumulative Contribution | -3.6% |
Market Drivers
9/30/2023 to 10/24/2026| Return | Correlation | |
|---|---|---|
| IPM | -3.6% | |
| Market (SPY) | 83.9% | 11.5% |
| Sector (XLK) | 127.5% | 10.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IPM Return | 95% | -54% | 77% | -15% | -14% | -1% | 16% |
| Peers Return | 19% | -49% | 72% | 6% | -0% | 79% | 98% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| IPM Win Rate | 58% | 17% | 42% | 75% | 42% | 50% | |
| Peers Win Rate | 67% | 32% | 67% | 53% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| IPM Max Drawdown | -73% | -67% | -66% | -71% | -30% | -31% | |
| Peers Max Drawdown | -31% | -55% | -33% | -37% | -38% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RXT, AKAM, CRWD, PANW, ZS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/23/2026 (YTD)
How Low Can It Go
| Event | IPM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.9% | -18.8% |
| % Gain to Breakeven | 29.7% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -52.8% | -6.7% |
| % Gain to Breakeven | 111.6% | 7.1% |
| Time to Breakeven | 105 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -55.1% | -24.5% |
| % Gain to Breakeven | 122.9% | 32.4% |
| Time to Breakeven | 106 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.3% | -33.7% |
| % Gain to Breakeven | 101.2% | 50.9% |
| Time to Breakeven | 29 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -51.7% | -19.2% |
| % Gain to Breakeven | 106.9% | 23.8% |
| Time to Breakeven | 989 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -56.1% | -6.8% |
| % Gain to Breakeven | 127.8% | 7.3% |
| Time to Breakeven | 2246 days | 15 days |
In The Past
Intelligent Protection Management's stock fell -22.9% during the 2025 US Tariff Shock. Such a loss loss requires a 29.7% gain to breakeven.
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Asset Allocation
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| Event | IPM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.9% | -18.8% |
| % Gain to Breakeven | 29.7% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -52.8% | -6.7% |
| % Gain to Breakeven | 111.6% | 7.1% |
| Time to Breakeven | 105 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -55.1% | -24.5% |
| % Gain to Breakeven | 122.9% | 32.4% |
| Time to Breakeven | 106 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.3% | -33.7% |
| % Gain to Breakeven | 101.2% | 50.9% |
| Time to Breakeven | 29 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -51.7% | -19.2% |
| % Gain to Breakeven | 106.9% | 23.8% |
| Time to Breakeven | 989 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -56.1% | -6.8% |
| % Gain to Breakeven | 127.8% | 7.3% |
| Time to Breakeven | 2246 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.4% | -17.9% |
| % Gain to Breakeven | 50.3% | 21.8% |
| Time to Breakeven | 101 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -68.6% | -15.4% |
| % Gain to Breakeven | 218.0% | 18.2% |
| Time to Breakeven | 77 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.7% | -53.4% |
| % Gain to Breakeven | 600.0% | 114.4% |
| Time to Breakeven | 175 days | 1085 days |
In The Past
Intelligent Protection Management's stock fell -22.9% during the 2025 US Tariff Shock. Such a loss loss requires a 29.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Intelligent Protection Management (IPM)
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Here are the key risks to Intelligent Protection Management (symbol: IPM):
- Integration Risk of Newtek Technology Solutions (NTS): The company's strategic transformation into a managed IT and cybersecurity provider is heavily reliant on the successful integration of Newtek Technology Solutions (NTS), which was acquired in January 2025. The entire future of Intelligent Protection Management Corp. (IPM) hinges on this integration. A failure to effectively integrate NTS or to retain its key clients could significantly erode the company's new revenue base and undermine the strategic pivot.
- Continued Operating Losses and Path to Profitability: Despite a substantial increase in revenue following its strategic pivot and acquisition of NTS, Intelligent Protection Management Corp. continues to operate at a loss. The company reported negative Adjusted EBITDA of $1.1 million for the nine months ended Q3 2025 and ongoing operating losses. Achieving sustained profitability within the highly competitive cloud infrastructure and cybersecurity sectors remains a significant challenge.
- Legal Uncertainty from Patent Litigation: Intelligent Protection Management Corp. holds a patent portfolio and secured a $65.7 million jury verdict against Cisco Systems. However, this legal outcome is subject to post-trial proceedings and potential appellate proceedings, creating uncertainty regarding the final financial impact and timing of any proceeds.
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Addressable Markets for Intelligent Protection Management (IPM)
Intelligent Protection Management Corp. (IPM), formerly Paltalk, Inc., focuses on providing managed technology solutions, enterprise cybersecurity, and cloud infrastructure services. The addressable markets for its main products and services are significant and span globally, with North America often representing a substantial share.
Cloud Infrastructure Services
The global cloud infrastructure services market, which includes IaaS, PaaS, and hosted private cloud services, generated $106.9 billion in revenues in Q3 2025, with trailing twelve-month revenues reaching $390 billion. Projections indicate this market, valued at USD 166.51 billion in 2025, will grow to approximately USD 766.57 billion by 2035. Another estimate places the market at USD 319 billion in 2025, expanding to USD 377.07 billion in 2026 and USD 871.48 billion by 2031. North America accounted for over 44% of the market share in 2025.
Cloud Computing
The broader global cloud computing market, encompassing IaaS, PaaS, and SaaS, was valued at USD 781.27 billion in 2025 and is projected to reach USD 905.33 billion in 2026, and USD 2,904.52 billion by 2034. Another report estimates the global cloud computing market size at USD 943.65 billion in 2025, growing to USD 3,349.61 billion by 2033. North America held a dominant position, with a 52.0% market share in 2025.
Managed Security Services (MSS)
The global managed security services market was valued at USD 39.87 billion in 2025 and is projected to grow to USD 44.39 billion in 2026, reaching USD 104.66 billion by 2034. Another assessment indicates the market was estimated at USD 27.2 billion in 2022 and is projected to grow to USD 87.51 billion by 2030. North America held a substantial market share, accounting for approximately 35.9% of the total revenue in 2023.
Enterprise Cybersecurity
The global enterprise cybersecurity market was valued at USD 218.98 billion in 2025 and is projected to reach USD 248.28 billion in 2026 and USD 699.39 billion by 2034. Another source estimates the global market at USD 104.45 billion in 2026, with a projection to reach USD 918.14 billion by 2035. North America contributed approximately USD 94.21 billion to the global market in 2025, representing a 43.00% share.
Data Storage
The global data storage market was valued at USD 255.29 billion in 2025 and is projected to grow from USD 298.54 billion in 2026 to USD 984.56 billion by 2034. The global data center storage market specifically was around USD 60 billion in 2024 and is projected to reach USD 102 billion by 2030. For next-generation data storage, the global market size was estimated at USD 65.12 billion in 2024 and is projected to grow to USD 68.51 billion in 2025, and USD 90.03 billion by 2029. North America held the largest share of 43.4% in the next-generation data storage market in 2023.
Disaster Recovery as a Service (DRaaS)
The global disaster recovery as a service (DRaaS) market was valued at USD 22.40 billion in 2025 and is predicted to increase to USD 28.50 billion in 2026, and approximately USD 195.71 billion by 2034. Another estimate placed the market at USD 10.62 billion in 2022, with a projection to reach USD 74.34 billion by 2030. North America dominated the global DRaaS market with the largest market share of 35% in 2024.
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Intelligent Protection Management (NASDAQ: IPM), formerly known as Paltalk, Inc., is expected to drive future revenue growth over the next 2-3 years through several key strategic areas. Following its merger and rebranding, the company has shifted its primary focus to providing managed technology solutions, with a strong emphasis on enterprise cybersecurity, cloud infrastructure, and artificial intelligence.
The expected drivers of future revenue growth for Intelligent Protection Management include:
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Expansion in Cybersecurity and Managed Security Services: Intelligent Protection Management specializes in advanced cybersecurity and managed security solutions. As cyber threats continue to evolve and become more sophisticated, businesses are increasingly investing in robust protection, creating a growing market for IPM's offerings in this critical area.
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Growth in Cloud Infrastructure and Migration Services: The company's portfolio includes managed private cloud, hybrid cloud solutions, and cloud migration services. With the ongoing digital transformation, businesses are increasingly adopting cloud-based solutions, leading to sustained demand for IPM's expertise in designing, implementing, and managing secure and scalable cloud environments.
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Development and Adoption of Private Cloud AI Solutions: Intelligent Protection Management offers cutting-edge private cloud AI solutions. The integration of artificial intelligence into enterprise operations is a rapidly expanding trend, and IPM's focus on secure, private cloud AI can capture a significant share of this emerging market as more businesses seek to leverage AI capabilities within controlled environments.
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Increased Demand for IT Consulting and Technology Solution Implementation: Beyond specific product offerings, IPM provides comprehensive IT consulting and implementation services for various technology solutions. As organizations navigate complex digital landscapes and integrate new technologies, the demand for expert guidance and seamless implementation provided by Intelligent Protection Management is expected to contribute to revenue growth.
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Capital Allocation Decisions for Intelligent Protection Management (IPM)
Share Repurchases
- In May 2025, the Board of Directors approved a stock repurchase plan for up to $400,000 of outstanding common stock, which expires in May 2026.
- During the third quarter of 2025, 46,658 shares were purchased for an aggregate of $88,250 under the 2025 plan.
- In March 2022, the Board of Directors approved a stock repurchase plan for up to $1.75 million of common stock, effective March 29, 2022, and expiring one year later.
Share Issuance
- In January 2025, 4,000,000 shares of Series A Non-Voting Common Equivalent Preferred Stock were issued to NewtekOne, Inc. as a non-cash portion of the consideration (valued at $8.2 million) for the acquisition of Newtek Technology Solutions, Inc. (NTS).
Outbound Investments
- In January 2025, the company (then Paltalk, Inc.) completed the acquisition of Newtek Technology Solutions, Inc. (NTS) from NewtekOne, Inc. for $4 million in cash and 4 million shares of Series A Preferred Stock.
- Concurrently with the NTS acquisition in January 2025, the company divested its consumer applications, "Paltalk," "Camfrog," and "Vumber," and related assets to Meteor Mobile Holdings, Inc. The company is eligible to receive future earn-out payments based on the buyer's cash revenue from these applications.
Capital Expenditures
- In Q1 2022, there was an increase in product development expenses related to the implementation of newly purchased software.
- Following the NTS acquisition in January 2025, the company's business focus shifted to cybersecurity and cloud infrastructure, indicating a primary focus for future capital expenditures in areas such as server hosting, cloud hosting, data storage, managed security, and backup and disaster recovery services.
- In February 2026, Intelligent Protection Management Corp. strengthened its infrastructure relationship with a colocation extension through August 31, 2032.
Peer Outperformance in Application Software
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 22.7% | 137.2% | 207.2% | TTMI 496% · FLEX 458% · JBL 351% |
| Technology Distributors | 9 | 43.0% | 90.9% | 87.5% | AVT 163% · SNX 151% · CNXN 116% |
| Communications Equipment | 36 | 1.0% | 115.3% | 72.7% | AAOI 800% · LITE 800% · ANET 606% |
| Semiconductor Materials & Equipment | 28 | 43.5% | 70.4% | 63.1% | AXTI 510% · KLAC 346% · LRCX 335% |
| Electronic Components | 26 | -3.4% | 71.3% | 38.8% | CLS 2684% · BELFA 1101% · APH 291% |
| Semiconductors | 54 | 1.9% | 41.8% | 24.4% | MU 1231% · NVDA 832% · AVGO 582% |
| Technology Hardware, Storage & Peripherals | 21 | 13.2% | 83.6% | 21.4% | SMCI 833% · DELL 772% · STX 733% |
| Electronic Equipment & Instruments | 27 | -12.6% | 25.2% | -7.0% | PI 204% · OSIS 108% · KEYS 79% |
| Internet Services & Infrastructure | 6 | 4.6% | 51.4% | -7.1% | GDDY 63% · VRSN 40% · DOCN -1% |
| IT Consulting & Other Services | 29 | -22.5% | 4.4% | -22.1% | CHRN 388584% · APLD 297% · IBM 150% |
| Application Software ← | 126 | -19.7% | -4.2% | -44.2% | PLTR 705% · FROG 185% · AGYS 133% |
| Systems Software | 69 | -14.3% | 42.6% | -49.7% | ZETA 315% · CRWD 264% · FTNT 168% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Intelligent Protection Management Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 174.73 |
| Mkt Cap | 13.5 |
| Rev LTM | 3,353 |
| Op Inc LTM | -88 |
| FCF LTM | 630 |
| FCF 3Y Avg | 697 |
| CFO LTM | 1,130 |
| CFO 3Y Avg | 961 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 24.3% |
| Rev Chg 3Y Avg | 26.9% |
| Rev Chg Q | 12.9% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 29.0% |
| Op Inc Chg 3Y Avg | -8.2% |
| Op Mgn LTM | -3.3% |
| Op Mgn 3Y Avg | -3.8% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 33.5% |
| CFO/Rev 3Y Avg | 35.5% |
| FCF/Rev LTM | 14.6% |
| FCF/Rev 3Y Avg | 21.8% |
Price Behavior
| Market Price | $1.75 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/14/2007 | |
| Distance from 52W High | -18.8% | |
| 50 Days | 200 Days | |
| DMA Price | $1.82 | $1.79 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -4.0% | -2.5% |
| 3M | 1YR | |
| Volatility | 26.6% | 39.3% |
| Downside Capture | 34.40 | 90.52 |
| Upside Capture | 12.92 | 58.04 |
| Correlation (S&P 500) | 3.2% | 23.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.46 | 0.49 | 0.37 | 0.47 | 0.68 | 0.56 |
| Up Beta | -0.21 | 0.43 | -0.02 | -0.69 | 0.09 | 0.38 |
| Down Beta | -0.26 | 2.32 | 0.52 | 1.21 | 1.13 | 0.76 |
| Up Capture | 42% | 26% | 48% | 71% | 50% | 18% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 7 | 15 | 25 | 58 | 109 | 334 |
| Down Capture | 97% | 39% | 41% | 67% | 91% | 83% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 23 | 32 | 57 | 112 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPM | |
|---|---|---|---|---|
| IPM | -14.5% | 39.5% | -0.31 | - |
| Sector ETF (XLK) | 29.0% | 26.7% | 0.92 | 18.8% |
| Equity (SPY) | 14.8% | 12.7% | 0.80 | 23.0% |
| Gold (GLD) | -2.8% | 28.5% | -0.11 | 7.1% |
| Commodities (DBC) | 52.1% | 20.7% | 1.91 | -6.6% |
| Real Estate (VNQ) | 4.3% | 13.9% | 0.06 | 8.8% |
| Bitcoin (BTCUSD) | -24.8% | 43.5% | -0.54 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPM | |
|---|---|---|---|---|
| IPM | -25.6% | 80.1% | -0.00 | - |
| Sector ETF (XLK) | 19.5% | 26.0% | 0.67 | 10.2% |
| Equity (SPY) | 12.7% | 17.1% | 0.56 | 10.8% |
| Gold (GLD) | 17.3% | 18.9% | 0.73 | 2.2% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 0.7% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 7.8% |
| Bitcoin (BTCUSD) | 5.7% | 51.7% | 0.29 | 8.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IPM | |
|---|---|---|---|---|
| IPM | 24.9% | 125.7% | 0.85 | - |
| Sector ETF (XLK) | 24.0% | 25.1% | 0.87 | 8.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 8.1% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | -0.4% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 1.5% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 5.1% |
| Bitcoin (BTCUSD) | 62.4% | 66.2% | 1.02 | 2.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/11/2026 | -0.3% | -1.0% | -2.6% |
| 5/12/2026 | 4.8% | 3.2% | 0.0% |
| 3/17/2026 | -17.2% | -17.2% | -10.0% |
| 11/12/2025 | -5.1% | -5.1% | -9.1% |
| 8/12/2025 | -2.0% | -2.5% | -5.5% |
| 5/14/2025 | 6.9% | 8.0% | 5.6% |
| 3/24/2025 | -3.1% | -10.8% | -7.7% |
| 11/12/2024 | -7.1% | -7.6% | -3.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 9 |
| # Negative | 12 | 14 | 15 |
| Median Positive | 3.0% | 10.7% | 11.9% |
| Median Negative | -4.4% | -5.9% | -7.7% |
| Max Positive | 39.5% | 45.5% | 35.9% |
| Max Negative | -17.2% | -50.5% | -36.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/11/2026 | -0.3% | -1.0% | -2.6% |
| 5/12/2026 | 4.8% | 3.2% | 0.0% |
| 3/17/2026 | -17.2% | -17.2% | -10.0% |
| 11/12/2025 | -5.1% | -5.1% | -9.1% |
| 8/12/2025 | -2.0% | -2.5% | -5.5% |
| 5/14/2025 | 6.9% | 8.0% | 5.6% |
| 3/24/2025 | -3.1% | -10.8% | -7.7% |
| 11/12/2024 | -7.1% | -7.6% | -3.5% |
| 8/13/2024 | 3.8% | 3.8% | -27.7% |
| 5/9/2024 | 1.6% | -0.6% | 13.6% |
| 3/15/2024 | -14.3% | -50.5% | -23.6% |
| 11/7/2023 | 2.4% | 8.3% | 18.5% |
| 8/8/2023 | -3.4% | 16.2% | 21.8% |
| 5/9/2023 | 7.1% | 13.3% | 11.9% |
| 3/23/2023 | 3.6% | 25.6% | 11.9% |
| 11/7/2022 | 0.7% | 7.6% | 4.1% |
| 8/8/2022 | 0.0% | -3.3% | -6.1% |
| 5/10/2022 | -2.5% | 13.1% | -2.3% |
| 3/23/2022 | 0.8% | -2.3% | -5.7% |
| 11/9/2021 | -14.7% | -18.9% | -36.3% |
| 8/10/2021 | -4.8% | -6.7% | -1.1% |
| 5/11/2021 | -4.1% | -4.7% | -18.3% |
| 3/23/2021 | 39.5% | 45.5% | 35.9% |
| 11/5/2020 | 0.0% | -16.1% | -8.4% |
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 9 |
| # Negative | 12 | 14 | 15 |
| Median Positive | 3.0% | 10.7% | 11.9% |
| Median Negative | -4.4% | -5.9% | -7.7% |
| Max Positive | 39.5% | 45.5% | 35.9% |
| Max Negative | -17.2% | -50.5% | -36.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 03/17/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 03/17/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/23/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/10/2021 | 10-Q |
| 03/31/2021 | 05/11/2021 | 10-Q |
| 12/31/2020 | 03/23/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 03/24/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Recent Forward Guidance
Updated 10/24/2026Latest: Q2 2026 Earnings Reported 8/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Deferred Revenue | Reported | 4.50 Mil | -4.3% | Lowered | Actual: 4.70 Mil for 2026 | |||
Prior: Q3 2025 Earnings Reported 11/12/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Deferred Revenue | Reported | 3.50 Mil | ||||||
Insider Activity
Updated 6/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.79 | 19,309 | 34,563 | 1,790,000 | Form | |
| 2 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.79 | 2,200 | 3,938 | 1,755,437 | Form | |
| 3 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.80 | 19,951 | 35,912 | 1,761,284 | Form | |
| 4 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.80 | 21,512 | 38,722 | 1,725,372 | Form | |
| 5 | Katz, Jason | Chief Executive Officer | Direct | Buy | 5262026 | 1.97 | 10,000 | 19,700 | 1,315,572 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.79 | 19,309 | 34,563 | 1,790,000 | Form | |
| 2 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.79 | 2,200 | 3,938 | 1,755,437 | Form | |
| 3 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.80 | 19,951 | 35,912 | 1,761,284 | Form | |
| 4 | Adam, Katz 2012 Revocable Trust | Direct | Buy | 6092026 | 1.80 | 21,512 | 38,722 | 1,725,372 | Form | |
| 5 | Katz, Jason | Chief Executive Officer | Direct | Buy | 5262026 | 1.97 | 10,000 | 19,700 | 1,315,572 | Form |
| 6 | Sloane, Barry | Direct | Buy | 5222026 | 1.95 | 5,000 | 9,750 | 9,750 | Form | |
| 7 | Silberstein, John | Direct | Buy | 5202026 | 1.92 | 1,000 | 1,920 | 300,036 | Form | |
| 8 | Abada, Yoram | Direct | Buy | 5182026 | 1.89 | 1,000 | 1,890 | 29,295 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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