IPDN Q1 revenue down 12% to $1.73M; cash falls to $97K from $628K

Professional Diversity Network, Inc.

Total revenue $1.727M vs $1.955M YoY, down 11.7% on weaker RemoteMore demand.
Net loss from continuing ops $803K, improved from $1.128M loss a year ago.
Cash & cash equivalents dropped to $97K from $628K at Dec 31, 2023.
Working capital deficit widened to $1.753M vs $1.107M at year-end.
RemoteMore revenue fell 30.5% to $485K; PDN and NAPW revenues nearly flat.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Professional Diversity Network, Inc. reported the quarter ended March 31, 2024 results: revenue approximately $1,727,000, net income net loss from continuing operations of approximately $803,000, EPS ($0.07).

Period: the quarter ended March 31, 2024
Revenue: approximately $1,727,000
Net income: net loss from continuing operations of approximately $803,000
EPS: ($0.07)
Result: reported results

Exact text from the filing

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended March 31, 2024

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-016808

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