IPMNasdaqServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Intelligent Protection Management Corp

Intelligent Protection Management Corp. provides IT-related services centered on managed security, secure private cloud hosting, procurement, and professional services. The company serves customers that need compliant, isolated infrastructure and bundled technology solutions, and it has also been integrating acquired software assets such as ManyCam into its offering set.

Revenue23.6m USD
+2,049.9 %y/y
Operating profit (EBIT)-4.7m USD
+7.9 %y/y
EBIT margin-20.0%
+446.3 ppy/y
Net income-2.0m USD
+76.8 %y/y
Free cash flow0.8m USD
+126.4 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-100102030m USD2020: 13 m USD2020: EBIT 1.2 m USD20202021: 13 m USD2021: EBIT 0.52 m USD20212022: 11 m USD2022: EBIT -3.7 m USD20222023: 0.96 m USD2023: EBIT -3.7 m USD20232024: 1.1 m USD2024: EBIT -5.1 m USD20242025: 24 m USD2025: EBIT -4.7 m USD202524-4.7
RevenueOperating profit (EBIT)

Business

Share of revenue
Managed IT security services35 %

Recurring security services delivered under service-level agreements and contract terms.

Secure private cloud hosting25 %

Dedicated, isolated cloud environments for secure and compliant workloads.

Procurement services25 %

Agent-based sourcing and fulfillment of hardware/software, often with configuration.

Professional services and other IT solutions10 %

Implementation, support, and related services tied to customer technology needs.

Software and IP-based offerings5 %

Software assets such as ManyCam and related monetization opportunities.

Products

Reported · share of revenue
62.7%22.8%9.8%FY2025100 %
  • Technology Service62.7 %
  • Procurement Revenue22.8 %
  • Professional Liability Insurance9.8 %
  • Subscription and Circulation4.7 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company sells primarily to organizations that need secure, reliable IT infrastructure and outsourced technology support. Its customers appear to value compliance, control, and continuity, especially for business-critical applications and data. Procurement customers also buy bundled hardware/software solutions when they want a single vendor to source, configure, and ship equipment.

Managed security customers

Buy recurring IT security services because they need ongoing monitoring, protection, and SLA-based support.

Secure cloud hosting customers

Buy isolated private cloud environments for compliance, control, and business continuity.

Procurement and bundled solution customers

Buy hardware/software sourcing plus configuration and shipping to simplify deployment.

Professional services clients

Buy implementation and support services tied to broader IT solution deployments.

Software users and cross-sell customers

Buy or adopt software offerings such as ManyCam and may be cross-sold other services.

Strategy

Management is focused on integrating its IT solutions, expanding customer acquisition, and cross-selling ManyCam alongside other technology offerings. It is also looking for targeted acquisitions and partnerships that fit its core capabilities, while evaluating AI features that could improve security and operational efficiency.

Cross-sell and integrate acquired software assetsShort term

Raises revenue per customer and broadens the product set without relying only on new logos.

Customer acquisition and market expansionShort term

The business needs new contracts to grow recurring and service revenue.

Targeted M&A and partnershipsMedium term

Acquisitions can add capabilities, customers, and scale if integrated well.

AI-enabled service enhancementMedium term

AI could improve security, efficiency, and differentiation in a crowded IT services market.

Geography

The company operates in the United States and runs secure private cloud infrastructure from leased private suites in Tier 3 data centers in Phoenix, Arizona and Edison, New Jersey. Those locations matter because the business depends on controlled physical infrastructure, license agreements, and uptime-sensitive service delivery rather than a purely software-only model. The reports provided do not disclose country-level revenue concentration.

Risks

The business is exposed to contract renewal risk, execution risk around acquisitions and integration, and competitive pressure in IT services where pricing discretion is limited. Its cloud-hosting model also depends on leased data center capacity and reliable operations, while procurement revenue is recognized net and can be sensitive to contract structure and performance-obligation judgments.

Sorted by severity
Contract renewal and customer acquisition riskHigh

A meaningful share of revenue appears recurring or contract-based, so lost renewals reduce future revenue quickly.

Exposure: Managed IT security and cloud hosting

Data center and infrastructure dependencyHigh

Secure private cloud services rely on leased suites in third-party Tier 3 facilities through 2026-2027.

Exposure: Phoenix and Edison data center operations

Revenue recognition and performance-obligation judgmentMedium

Bundled procurement contracts require judgment on distinct obligations and net versus gross presentation.

Exposure: Procurement and bundled solutions

Competitive pricing pressureMedium

Management states pricing discretion is limited by market rates and other providers.

Exposure: Procurement services and IT solutions

Acquisition and integration riskMedium

The company is pursuing M&A and integrating acquired assets, which can create execution and valuation risk.

Exposure: ManyCam and future acquisitions

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Accounting

Judgemental items
Net revenue recognition for procurement services

The company does not control the goods and records only its fee, which affects reported revenue scale and gross margin.

Impact: Can materially reduce reported top line versus gross billing

Performance obligation assessment

Management must decide whether bundled hardware, software, and configuration are separate obligations.

Impact: Affects timing of revenue recognition

Deferred revenue for subscription services

Managed IT security services are billed on recurring contracts and unearned amounts are deferred.

Impact: Affects revenue timing and quarter-to-quarter comparability

Business combinations and goodwill

Acquisitions require fair value allocation and subsequent goodwill impairment testing.

Impact: Can create non-cash amortization and impairment charges

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Intelligent Protection Management Corp (Nasdaq) – Services-Computer Programming, Data Proc | Financial Analysis – Clarifo