PDN reports FY2023 net loss from continuing ops of $4.4M, revenue down 7.4% YoY

Professional Diversity Network, Inc.

Full-year 2023 net loss from continuing operations $4.4M, up 41.8% from $3.1M in 2022.
Total revenue $7.7M, down 7.4% YoY; PDN Network revenue down 13.2%, RemoteMore down 7.9%.
Q4 2023 net loss from continuing ops $0.5M, improved 50.2% from $1.1M in Q4 2022.
Cash balance $628K at Dec 31, 2023, down from $1.2M; working capital deficit $1.1M.
Sold shares via equity line and stock purchase agreement in Dec 2023 for aggregate ~$664K.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Professional Diversity Network, Inc. reported the quarter and fiscal year ended December 31, 2023 results: revenue approximately $ 7,699,000, net income a net loss of approximately $ 4,386,000.

Period: the quarter and fiscal year ended December 31, 2023
Revenue: approximately $ 7,699,000
Net income: a net loss of approximately $ 4,386,000
Result: reported results

Exact text from the filing

Professional Diversity Network, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended December 31, 2023

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009959

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