secwatch.observer — SEC 8-K summary
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Issuer:     Professional Diversity Network, Inc. (IPDN)
CIK:        0001546296
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001437749-24-016808
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546296/000143774924016808/0001437749-24-016808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546296/000143774924016808/ipdn20240228c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016808

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer