Intelligent Protection Management Q2 revenue rises
IPM•Outlook and analyst coverage
The company expects to recognize deferred revenue from pending product shipments in future quarters.
It also said it is diversifying suppliers to better manage supply chain constraints going forward.
Analyst coverage
- The one available analyst rating on the shares is "buy".
- The average consensus recommendation for the business support services peer group is "buy".
- Wall Street's median 12-month price target for Intelligent Protection Management Corp is $6.50, about 236.8% above its August 10 closing price of $1.93.
- The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago.
Q2 revenue rises 13%, but net loss and EBITDA loss widen
Intelligent Protection Management Corp said second-quarter revenue rose 13% year over year.
The company reported a wider net loss for the quarter, and adjusted EBITDA loss increased to $0.6 million from a year earlier.
