IPDN Q3 2024 revenue falls 15.6% to $1.694M; net loss narrows 68% to $422K

Professional Diversity Network, Inc.

Q3 2024 total revenue $1.694M (-15.6% YoY); net loss from cont. ops. improved to $0.422M from $1.320M loss (-68%).
Nine-month 2024 revenue $5.111M (-12.0% YoY); net loss from cont. ops. $1.815M vs $3.861M loss (-53.0%).
RemoteMore segment revenue fell 35.5% to $390K; NAPW Network fell 25.2% to $101K; recruitment services down 4.2%.
Cash used in operating activities from cont. ops. improved to $1.324M for nine months vs $2.415M prior year.
CEO Adam He says cost-control measures yielding results; exploring new revenue streams for NAPW network.

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