IPM Q1 revenue rises 15.2% to $6.4 million; net result swings to $0.7 million loss
IPM reported first-quarter 2026 revenue of $6.35 million, up 15.2% from a year earlier, and its operating loss narrowed by 42.4%. Net results turned to a $660,214 loss from $808,530 of net income, because the prior-year period included an income tax benefit of about $2.1 million that did not recur.
Key points
- Total revenue was $6,354,751 versus $5,518,038 for Q1 2025, up 15.2%; procurement revenue rose 78.4% and core managed IT revenue rose 19%.
- Loss from operations was $768,182 versus $1,333,927 a year earlier.
- Net loss was $660,214, or $(0.05) per share, versus net income of $808,530, or $0.06 per share, in Q1 2025.
- Net cash used in operating activities was $195,712, and cash and cash equivalents totaled $8.1 million at March 31, 2026, including $1.0 million of restricted cash.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.