IPDN Q3 net loss expands to $1.1M from $88K; revenue +25% to $2.1M, cash down to $1.5M

Professional Diversity Network, Inc.

2023-Q3 EPS reported -$0.25 revenue$6,362,882

Total Q3 revenue $2.1M (+25.7% YoY), driven by RemoteMore segment ($757K vs $19K).
Net loss from continuing ops $1.1M, vs $88K loss; diluted loss per share $0.07 vs $0.01.
Cash decreased to $1.5M from $3.4M at Dec 31, 2021; working capital surplus dropped to $0.1M.
Adjusted EBITDA turned negative to -$705K from +$84K in prior year quarter.
Acquired 9% of Koala Crypto Limited for 1.73M shares valued at $1.35M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Professional Diversity Network, Inc. reported the nine months ended September 30, 2022 results: revenue approximately $6,363,000.

Period: the nine months ended September 30, 2022
Revenue: approximately $6,363,000
Result: reported results

Exact text from the filing

Total revenues for the nine months ended September 30, 2022 increased approximately $1,735,000, or 37.5%, to approximately $6,363,000 from approximately $4,628,000 during the same period in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Professional Diversity Network, Inc. reported the three months ended September 30, 2022 results: revenue approximately $2,115,000, net income net loss of approximately $1,095,000, EPS $0.07.

Period: the three months ended September 30, 2022
Revenue: approximately $2,115,000
Net income: net loss of approximately $1,095,000
EPS: $0.07
Result: reported results

Exact text from the filing

for the Three Months Ended September 30, 2022 Revenues Total revenues for the three months ended September 30, 2022 increased approximately $432,000, or 25.7%, to approximately $2,115,000 from approximately $1,683,000 during the same period in the prior year. The increase was predominately attributable to approximately $738,000 of contracted software development

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-031804

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