Q2 2026 Intelligent Protection Management Corp Earnings Call Transcript
Key Points
- Revenue increased nearly 13% year-over-year to $6.5 million in Q2 2026, with first-half revenue up 14% to $12.8 million.
- Managed IT revenue, the core recurring business, grew over 8% year-over-year, driven by new customer additions and expanded services to existing clients.
- Procurement revenue surged 64% year-over-year, reflecting strong demand for AI-related infrastructure and compute equipment.
- Deferred revenue increased to $4.5 million, up from $3.9 million at year-end 2025, indicating a healthy pipeline of future revenue to be recognized.
- The company maintains a strong balance sheet with $7.5 million in cash and no long-term debt, providing financial flexibility for strategic acquisitions and organic investments.
- Management reaffirmed its goal of achieving positive adjusted EBITDA in the fourth quarter of 2026, signaling confidence in improving profitability.
- Net loss widened to $1.4 million in Q2 2026, compared to a net loss of $1.1 million in the same period last year.
- Adjusted EBITDA remained negative at -$0.6 million for the quarter, slightly worse than the -$0.4 million in Q2 2025.
- Supply chain constraints for memory, CPUs, and GPUs delayed revenue recognition and compressed margins on a large customer order, leading to a loss on that portion of the order.
- Revenue from related party NewtekOne declined due to their ongoing initiatives to reduce IT spending, partially offsetting growth from other customers.
- Professional services revenue dropped 47% year-over-year, and subscription revenue also declined by 10.5%.
- Cash used in operations increased to $0.8 million for the first half of 2026, compared to cash provided by operations of $0.9 million in the prior year period, due to inventory sourcing for procurement revenue.
Good afternoon and welcome to the Q2 2026 financial results conference call for Intelligent Protection Management Corp, better known as IPM for the quarter ended on June 30, 2026.
(Operator Instructions) Let me turn the floor over to Joe Diaz of Lytham Partners. Joe, please proceed.
Good afternoon, and welcome to all participating on today's call to review the financial and operating results of IPM for the second quarter ended June 30, 2026. As the operator indicated, my name is Joe Diaz. I'm with Lytham Partners. We are the investor relations representative for IPM.
By now, everyone should have access to the earnings results press release, which was issued after the close of market today. This call is being webcast and will be available for replay.
During the course of this call, management will include statements that are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements about future results of
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