Business TransformationThe acquisition of Newtek Technology Solutions and sale of non-profitable legacy assets shifts focus to attractive end markets such as outsourced IT hosting, cybersecurity, and disaster recovery.
Financial PositionThe company had $12.1M in cash and no debt, with a potential patent infringement award settlement providing over $20M, enhancing capital and enterprise value estimates.
Market ValuationIPM trades at an EV/2026E revenue multiple of 0.7x, which is significantly lower than the peer group average, indicating potential undervaluation.