--- title: "Intelligent Protection | 10-K: FY2025 Revenue Beats Estimate at USD 23.61 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283978725.md" datetime: "2026-04-24T10:14:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283978725.md) - [en](https://longbridge.com/en/news/283978725.md) - [zh-HK](https://longbridge.com/zh-HK/news/283978725.md) --- # Intelligent Protection | 10-K: FY2025 Revenue Beats Estimate at USD 23.61 M Revenue: As of FY2025, the actual value is USD 23.61 M, beating the estimate of USD 23.49 M. EPS: As of FY2025, the actual value is USD -0.15, beating the estimate of USD -0.16. EBIT: As of FY2025, the actual value is USD -5.06 M. #### Segment Revenue Total revenue for Intelligent Protection Management Corp. increased by 2,049.9% to $23,612,459 for the year ended December 31, 2025, compared to $1,098,280 for the year ended December 31, 2024, primarily due to new revenue streams from the NTS acquisition . Managed information technology revenue was $14,813,411 for the year ended December 31, 2025, up from $0 in 2024, representing 62.7% of total revenue . Procurement revenue was $5,389,906 for the year ended December 31, 2025, up from $0 in 2024, representing 22.8% of total revenue . Professional services revenue was $2,305,787 for the year ended December 31, 2025, up from $0 in 2024, representing 9.8% of total revenue . Subscription revenue (from ManyCam software) increased by 0.5% to $1,103,355 for the year ended December 31, 2025, from $1,098,280 in 2024, representing 4.7% of total revenue in 2025 and 100.0% in 2024 . #### Operational Metrics Operating loss from continuing operations was -$4.7 million for the year ended December 31, 2025, including $2.9 million in non-cash expenses, an improvement from -$5.1 million in 2024, which included $1.0 million in non-cash expenses . Net loss from continuing operations was -$2.0 million for the year ended December 31, 2025, compared to -$4.3 million for the year ended December 31, 2024 . The 2025 net loss included approximately $0.7 million in litigation expenses related to the Cisco ManyCam Litigation . Overall net loss decreased by 77% to -$2.0 million for the year ended December 31, 2025, from -$8.4 million in 2024 . Adjusted EBITDA for the year ended December 31, 2025, was -$1.1 million, an improvement from -$4.4 million for the year ended December 31, 2024 . Cost of revenue increased by 4,188.1% to $11,272,929 for the year ended December 31, 2025, from $262,888 in 2024 . Sales marketing and product development expense increased by 1,073.7% to $3,253,890 in 2025 from $277,244 in 2024 . General and administrative expense increased by 117.1% to $10,545,528 in 2025 from $4,858,001 in 2024 . Depreciation and amortization expenses increased by $1,719,815 to $2,541,511 in 2025 . Litigation expenses totaled $717,780 for the year ended December 31, 2025, related to the Cisco ManyCam Litigation . #### Cash Flow Net cash provided by operating activities was $1,076,724 for the year ended December 31, 2025, an improvement from net cash used in operating activities of -$2,661,653 for the year ended December 31, 2024 . Net cash used in investing activities was -$4,280,149 for the year ended December 31, 2025, primarily for the cash consideration paid in the NTS acquisition and fixed asset purchases . Net cash provided by financing activities was $1,048,952 for the year ended December 31, 2025, which includes $1,350,000 from the sale of Transferred Assets, offset by -$301,048 (net of fees) used in the Stock Repurchase Plan . #### Unique Metrics Devices under management exceeded 11,000 as of December 31, 2025 . #### Outlook / Guidance For 2026, Intelligent Protection Management Corp. aims to continue integrating its IT-related solutions and optimize cross-selling efforts for ManyCam software with other technology solutions . The company also plans to explore strategic opportunities like mergers or acquisitions and continue defending its intellectual property . ### Related Stocks - [IPM.US](https://longbridge.com/en/quote/IPM.US.md) ## Related News & Research - [Intelligent Protection Management Corp. Launches IPM Private Cloud AI Offering | IPM Stock News](https://longbridge.com/en/news/286896871.md) - [Nippo lifts profits and cash, delivers hefty special dividend ahead of earnings plateau](https://longbridge.com/en/news/286837429.md) - [FOCUS-As cocoa prices melt down, real chocolate is making a comeback](https://longbridge.com/en/news/287091302.md) - [Celestica Director Sold Shares Worth Over $1.3M](https://longbridge.com/en/news/287130203.md) - [M&S Says In FY Profit Growth Is Expected To Resume Versus 2024/25](https://longbridge.com/en/news/287021481.md)