IPM · Intelligent Protection Management Corp.

Intelligent Protection Management Corp.’s Q1 2026 results reflect solid top-line growth and improving operational performance, though profitability was materially impacted by the absence of a non-recurring $2.1 million tax benefit recognized in Q1 2025 related to the Newtek Technology Solutions acquisition and video chat applications divestiture. Revenue rose 15.2% year-over-year to $6.35 million, fueled by strong execution across two key components: core managed IT services (up 19% to $3.4 million), driven by new customers and expansion with existing clients, and procurement revenue (up 78.4% to $1.7 million), which management attributes to early-calendar-year customer budget cycles tied to hardware refreshes and new projects. Conversely, professional services revenue declined 33.5% and subscription revenue fell 9.7%, signaling uneven demand across service lines. Loss from operations improved 42.4% to $(0.77) million, aided by a $0.4 million reduction in non-cash expenses (amortization and depreciation), while Adjusted EBITDA improved 65.3% to $(0.17) million — underscoring progress in cost discipline and scalability. However, the reversal from net income to net loss highlights the volatility introduced by non-recurring items; excluding that prior-year tax benefit, underlying earnings trends are strengthening. Cash position remains healthy at $8.1 million (including $1.0 million restricted), with zero long-term debt and $4.7 million in deferred revenue providing near-term revenue visibility. Strategic developments—including the MASORI Therapeutics AI partnership, SOC 2 Type 1 compliance, and Phoenix data center extension—signal continued investment in platform differentiation and enterprise credibility, particularly in regulated verticals like healthcare and finance.