secwatch.observer — SEC 8-K summary
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Issuer:     Professional Diversity Network, Inc. (IPDN)
CIK:        0001546296
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-031804
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546296/000149315222031804/0001493152-22-031804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546296/000149315222031804/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031804

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