---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031804"
form_type: "8-K"
ticker: "IPDN"
cik: "0001546296"
company_name: "Professional Diversity Network, Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T20:05:00.943049+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-031804
- form_type: 8-K
- ticker: IPDN
- cik: 0001546296
- company_name: Professional Diversity Network, Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546296/000149315222031804/0001493152-22-031804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546296/000149315222031804/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031804
- JSON: https://secwatch.observer/filing/0001493152-22-031804.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031804.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546296/000149315222031804/0001493152-22-031804-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546296/000149315222031804/0001493152-22-031804-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.