earnings
confidence high
sentiment negative
materiality 0.55
IPDN Q2 revenue down 8.2% to $1.69M; net loss narrows to $586k
Professional Diversity Network, Inc.
- Revenue $1.69M, down 8.2% YoY; net loss of $586k improved from $1.432M loss.
- RemoteMore revenue dropped 28.8% to $429k; NAPW membership fees down 20.6%.
- PDN recruitment services up 6.4% YoY to $1.145M in Q2.
- Total pre-tax costs & expenses decreased 30.6% to $2.272M.
- Cash $619k; working capital deficit $1.512M vs $1.107M at Dec 2023.