Intelligent Protection Management Corp. · NASDAQ:IPM
Intelligent Protection Management — PeerStream — Q3 2019 Earnings Presentation
14 slides from Intelligent Protection Management's earnings presentation, Nov 8, 2019
Slide 1: Q3 2019 Earnings Presentation
Q3 2019 EARNINGS PRESENTATION PeerStream, Inc. | OTCQB: PEER November 7, 2019
Slide 2: Forward-looking statements disclaimer
This presentation is for discussion purposes only. Certain material is based upon third party information that we consider r eli able, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Certain statements in this presentation constitute “forward - look
Slide 3: PeerStream is a Communications Software Innovator
Foundational Technology & Innovation Operating Consumer Apps at Global Scale Externalized Security Technology Our Mission PeerStream is a Communications Software Innovator Pioneered the introduction of voice and video into text chat. Founded 1998 Since 1999 Since 2017 2019 Forward Billions of multim
Slide 4: Intelligent Routing and Encryption for Communications and Data Transport
Intelligent Routing and Encryption for Communications and Data Transport ● Secure end - to - end encryption assures confidentiality ● Multi - layer transport encryption based on onion routing ● Intelligent routing similar to TOR hidden services protects end - point/user identity and geolocation 4 Pe
Slide 5: Gaining Traction in Federal Government Sales & BD
Gaining Traction in Federal Government Sales & BD 5 ● Sales pipeline of 70+ targets, of which approximately 85% are government opportunities ● Pipeline includes >$60MM of potential annual recurring revenue 1 ● Believe there is much enterprise opportunity we have not yet addressed ● Signed non - bind
Slide 6: Consumer Apps Business: Social Video Apps
Ticker: PEER US - focused, worldwide video chat community targeting users over 35 Asia - centric video chat community targeting users from 18 - 35 US - focused video chat community targeting users 18 - 35 SHARED COMMON INTERESTS 24/7 ENTERTAINMENT A PLATFORM FOR FREE EXPRESSION CONNECTION TO FAMILY/
Slide 7: Consumer Apps Platform Strategy
Ticker: PEER Consumer Apps Platform Strategy ● We believe our proprietary consumer app tech platform can scalably support large communities of users with video, voice and text chat and provide robust user monetization ● We are now pursuing a strategy to make our video chat platform available to pote
Slide 8: Paltalk and Camfrog Integration with Props
Paltalk and Camfrog Integration with Props ● We expect Paltalk and Camfrog will be among the first apps to integrate the Props loyalty token, pending regulatory approval ● We anticipate Props token rewards will improve user retention and monetization ● PeerStream will earn Props tokens for its parti
Slide 9: 2019 Cost Savings Initiative
Ticker: PEER 2019 Cost Savings Initiative ● Implemented a significant cost savings initiative that reduced third quarter expenses year - over - year by 17 . 2 % , and sequentially by 9 . 1 % ● Headcount reduced by 26 percent since 12 / 31 / 2018 ● Further cost reductions anticipated to right - size
Slide 10: Financial Presentation
Financial Presentation On January 31, 2019, we entered into an Asset Purchase Agreement with The Dating Company, LLC, pursuant to which we sold substantially all of the assets related to our online dating services business (the “Dating Services Business”). During the first quarter of 2019, we began
Slide 11: Revenue: Year-over-Year Quarterly Comparison
• Q3 2019 revenue of $3.0MM decreased 44.2% vs. Q3 2018, primarily driven by our termination of the technology services agreement with ProximaX • Our software licensing and technology implementation services is still a new line of business, and as such, we expect revenue to fluctuate • Q3 2019 subsc
Slide 12: Earnings and Profitability: Y-o-Y Quarterly Comparison
Earnings and Profitability: Y - o - Y Quarterly Comparison • Net loss increased $1.0MM, driven by loss in technology services revenue and offset by cost - cutting initiatives • Q3 2019 Adjusted EBITDA 1 decreased by $1.7MM, again driven by the decrease in technology services revenue 1 Adjusted EBITD
Slide 13: Cash Flows
• Net cash flow for the three months ended September 30, 2019 was $(1.0)MM • Cash and cash equivalents of approximately $3.6MM at September 30, 2019, $0 debt, and approximately $634K of non - current operating lease obligations Cash Flows 13
Slide 14: Non-GAAP Reconciliation: Adjusted EBITDA
Non - GAAP Reconciliation: Adjusted EBITDA 14 Non - GAAP Financial Measures Adjusted EBITDA is defined as net income (loss) adjusted to exclude net loss from discontinued operations, interest income, i nco me tax expense (benefit) from continuing operations, income tax expense (benefit) from discont