secwatch.observer — SEC 8-K summary
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Issuer:     Professional Diversity Network, Inc. (IPDN)
CIK:        0001546296
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001437749-24-026329
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IPDN Q2 revenue down 8.2% to $1.69M; net loss narrows to $586k
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546296/000143774924026329/0001437749-24-026329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546296/000143774924026329/ipdn20240701_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026329

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