IPM — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-11

• ● expanded our sales organization by adding a dedicated territory focused on the Phoenix metropolitan area and broader West Coast market, which includes an established customer base and industry expertise, and which management believes positions the Company to pursue additional revenue opportunities…

• ● executed an extension of our existing Phoenix data center colocation license agreement with an industry-leading data center provider through August 2032;

• ● entered into a strategic collaboration with MASORI Therapeutics (“MASORI”), an advanced AI platform designed to accelerate results by reducing cost, complexity, and time for small and medium AI models, allowing organizations to save significantly by decreasing necessary code development and provid…

• ● 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;

• ● during the first quarter of 2026, 50,000 shares of common stock were repurchased under the Stock Repurchase Plan (defined below) for an aggregate of $83,491. As of June 30, 2026, all shares of common stock available for repurchase under the Stock Repurchase Plan had been repurchased and the Stock …

Text removed vs the prior filing · source: 10-Q · 2026-05-12

• ●executed an extension of our existing Phoenix data center colocation license agreement with an industry-leading data center provider through August 2032;

• ●entered into a strategic collaboration with MASORI Therapeutics (“MASORI”), an advanced artificial intelligence (“AI”) platform that accelerates results by reducing cost, complexity, and time for small and medium AI models, allowing organizations to save significantly by decreasing necessary code d…

• ●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;

• ●during the first quarter of 2026, 50,000 shares of common stock, were repurchased under the Stock Repurchase Plan (defined below) for an aggregate of $83,491. As of March 31, 2026, all shares of common stock available for repurchase under the Stock Repurchase Plan had been repurchased;

• ●for the three months ended March 31, 2026 revenue totaled $6.4 million compared to $5.5 million for the three months ended March 31, 2025, an increase of 15.2%, primarily attributed to an increase in managed IT services (excluding web hosting) of 19% compared to the prior year period, as well as an…

Text added vs the prior filing · source: 10-Q · 2026-08-11

• Supply chain constraints in connection with our procurement services have in the past and may in the future delay revenue recognition, increase our costs and adversely affect our business, financial condition and results of operations.

• As part of our procurement services offering, we obtain hardware and software products, including servers and other equipment incorporating memory, CPU and GPU components, on behalf of our customers. Depending on the terms of the applicable customer arrangement, we may act as an agent, pursuant to w…

• We rely on third-party suppliers and distribution channels for the memory, CPU and GPU components incorporated into the hardware we procure and, in certain cases, configure for our customers, and we do not control the availability, pricing or timing of delivery of these components. We have experienc…

• During the six months ended June 30, 2026, supply chain constraints extended our product lead times compared to historical levels, resulting in delays between customer bookings and product shipments. As a result of these delays, a portion of our booked orders remained unrecognized as revenue pending…