Intelligent Protection Management Corp.

Good afternoon, and welcome to the Q4 2025 Financial Results Conference Call for Intelligent Protection Management Corporation, better known as IPM, for the quarter and year ended on December 31, 2025. At this time, all participants have been placed on a listen-only mode. Let me turn the floor over to Joe Diaz of Litham Partners. Joe, please proceed.

Good afternoon and welcome to all participating on today's call to review the financial and operating results of IPM for the fourth quarter and year ended December 31, 2025. As the operator indicated, my name is Joe Diaz. I'm with Litham Partners. We are the investor relations representative for IPM. By now, everyone should have access to the earnings results press release. which was issued after the close of market today. This call is being webcast and will be available for replay. During the course of this call, management will include statements that are considered forward-looking within the meaning of the Private Security Litigation Reform Act of 1995, including forward-looking statements about future results of operations, business strategies and plan, IPM's relationships with its customers, as well as market and potential growth opportunities. In addition, management may make forward-looking statements in response to your questions. Forward-looking statements are based on management's current knowledge and expectations as of today and are subject to certain risks, uncertainties, and assumptions related to factors that may cause actual results to differ materially from those anticipated in the forward-looking statements. These expectations and beliefs may not ultimately prove to be correct. A detailed discussion of such risks and uncertainties is contained in IPM's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2025. You should refer to and consider these factors when relying on such forward-looking information. The company does not undertake and expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. On this call, management will refer to adjusted EBITDA a non-GAAP measure that, when used in combination with GAAP results, provides investors with additional analytical tools to understand the company's operations. For adjusted EBITDA, management has provided a reconciliation to the most directly comparable GAAP financial measure in the earnings press release, which has been posted on the investor relations section of the company's website at www.ipm.com. As previously disclosed, on January 2nd, 2025, IPM completed its acquisition of NewTek Technology Solutions Incorporated, or NTS, from NewTek One Incorporated. The company also divested its PalTalk, CamFrog, and Bumber applications and certain assets and liabilities related to such applications to Meteor Mobile Holdings Incorporated, which are referred to as the transferred assets. I'm joined today by Jason Katz, IPM's Chief Executive Officer, Jared Mills, IPM's President, and Kara Jenny, IPM's CFO. After Jason's remarks, we will hear from Kara, then we will conclude with investor questions that were sent in advance of today's call. At this time, I'd like to turn the call over to Jason Katz. Jason, take it away.

Thanks, Joe, and good afternoon, everyone. We greatly appreciate you taking the time to join us on today's call. We completed our first year of operations following our acquisition of NTS. It was a very good first year operating as a managed technology solutions provider. During 2025, we streamlined our service operations and our technology vendor partner licensing and manufacturing cost centers. We made significant progress on a number of key metrics, including managed recurring revenue growth, expense optimization, and risk management. In the fourth quarter, revenue from our core business, managed IT, and Jason Zalko. and have significant competitive advantages over those peers that lack our level of expertise in highly regulated vertical markets, including legal, healthcare, finance, and banking. Our success in these markets represents a large opportunity in the coming years. From a customer service perspective, our managed clients benefit from a VIP high-touch experience with a dedicated technology manager as a single point of contact. as opposed to competitors in our industry that use automated voice response to phone calls, telephonic menus, and handing off service calls to agents and call centers in foreign countries, all of which can be frustrating and can impact the customer experience. We don't do any of that. Our clients speak directly to their IPM account team members who deeply understand the client's needs and business goals. This is an important IPM customer service advantage that fuels our superior customer loyalty, so much so that in 2025, we retained all major clients while entering new markets with near zero churn. Since the January 2025 acquisition of NTS, we have successfully integrated NTS into IPM's mission, vision, and operations and serviced our customers without interruptions or downtime. are well positioned to grow the company through the expansion of our service offerings to existing legacy NTS customers, new customers, and our historical web hosting customer base. We continue to advance operationally with a focus on efficiency and at the same time we manage expense with the goal of driving value for all of our stakeholders. For full year 2025, We extended our Phoenix Data Center License Agreement with an industry-leading provider through August 31, 2032, reinforcing a long-standing strategic relationship, supporting our continued focus on scalable, secure, and highly reliable digital infrastructure. We successfully achieved SOC 2 Type 1 compliance A key milestone in our ongoing commitment to safeguarding customer data and delivering trusted cybersecurity and cloud infrastructure solutions. We announced a collaborative growth initiative with Ultigen Technologies to refer integrated communications, AI-driven analytics, and managed security and hosting solutions to their respective customers. We entered into a reseller agreement with MindsDB, a leading open source AI platform to provide its current and future customers with sophisticated AI capabilities. We initiated a collaboration with IT Ally, a trusted business and technology services provider focused on lower middle market private equity firms and their portfolio companies. In May 2025, our Board of Directors approved the stock repurchase plan for up to $400,000 of outstanding common stock, which plan expires on the one-year anniversary of such date. Pursuant to the repurchase plan, since inception, we have purchased 151,258 shares at an average price of $1.99. There were no shares repurchased in the fourth quarter of 2025. We commenced offering Aura, a leading AI-powered online safety solution for business, families, and individuals designed to help minimize the impact of data breaches, scams, and other online threats to businesses and consumers. And finally, we initiated our Heroes program to provide a 10% discount on all IPM products and services to all existing and future military, first responder, healthcare, teacher, and veterinary business owners. Having our company transition to a pure plain managed services technology provider over the course of the year has been gratifying. We look forward to many opportunities to dramatically expand our business in the coming years. With that, let me turn over the call to Kara Jenny, our CFO, for a summary of our financial results for the fourth quarter and full year 2025. Following Kara's remarks, we'll move into the Q&A and answer questions that were submitted via email prior to this call. Kara, it's all yours.