Intelligent Protection Management Corp. (IPM) reported significant financial growth in its latest quarterly filing, with total revenue reaching $5.7 million for the three months ended June 30, 2025, compared to just $271,409 in the same period last year. This remarkable increase of 2,008.5% was primarily driven by the acquisition of Newtek Technology Solutions, Inc. (NTS) and the subsequent expansion of its service offerings. For the first half of 2025, the company generated $11.2 million in revenue, a substantial rise from $542,981 in the prior year. Despite this growth, IPM reported a net loss of $1.1 million for the second quarter, slightly higher than the $934,151 loss recorded in the same quarter of 2024.
The company's operational expenses also saw a significant increase, totaling $6.9 million for the second quarter, up from $1.3 million a year earlier. The cost of revenue surged to $2.9 million, reflecting the expenses associated with the newly acquired revenue streams. General and administrative expenses rose sharply to $2.5 million, driven by increased headcount and professional fees related to the acquisition. The company’s operating loss from continuing operations was $1.1 million for the quarter, consistent with the previous year’s loss, but included substantial non-cash expenses related to amortization and stock-based compensation.
Strategically, IPM completed the acquisition of NTS on January 2, 2025, for a total consideration of $12.9 million, which included $4 million in cash and 4 million shares of Series A Preferred Stock. This acquisition is expected to enhance IPM's capabilities in managed IT services and cloud solutions. Additionally, the company divested its telecommunications services provider, Vumber, and related applications, which has allowed it to focus on its core IT services. The divestiture generated $1.35 million in cash and is expected to provide further financial flexibility.
As of June 30, 2025, IPM reported $8.3 million in cash and cash equivalents, including $1 million in restricted cash. The company has no long-term debt and has initiated a stock repurchase plan of up to $400,000 to mitigate dilution from equity awards. Looking ahead, IPM aims to continue integrating its IT solutions, explore strategic partnerships, and enhance its service offerings, including the incorporation of AI technologies into its cloud services. The company remains focused on customer acquisition and operational efficiency as it navigates the evolving technology landscape.
About INTELLIGENT PROTECTION MANAGEMENT CORP.
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