---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009959"
form_type: "8-K"
ticker: "IPDN"
cik: "0001546296"
company_name: "Professional Diversity Network, Inc."
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:20:36.950023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-009959
- form_type: 8-K
- ticker: IPDN
- cik: 0001546296
- company_name: Professional Diversity Network, Inc.
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546296/000143774924009959/0001437749-24-009959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546296/000143774924009959/ipdn20240228_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009959
- JSON: https://secwatch.observer/filing/0001437749-24-009959.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009959.txt

## Key facts
- Earnings Releases
  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
  source text: Professional Diversity Network, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546296/000143774924009959/0001437749-24-009959-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.