IPDN FY2024 net loss narrows to $2.6M, revenue down 12.6% to $6.73M

Professional Diversity Network, Inc.

FY2024 net loss from continuing ops $2,595,000, a 40.8% improvement from $4,386,000 loss in 2023.
Total revenue $6,731,000, down 12.6% YoY; TalentAlly $4,472K (-5.5%), RemoteMore $1,830K (-24.9%).
Q4 2024 net loss $780,000 (48.6% increase from $525,000) on revenue $1,620K, down 14.5% YoY.
Cash & equivalents $1,731,000 at Dec 31 2024 vs $628,000; working capital $271,000 (deficit $1,107,000 in 2023).
Raised ~$3.5M in equity financings in Nov/Dec 2024: $1,989K direct offering and $1.5M from Aurous Vertex.

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