---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017197"
form_type: "8-K"
ticker: "IPDN"
cik: "0001546296"
company_name: "Professional Diversity Network, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:06:50.171514+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Professional Diversity Network Q1 revenue down 5%, net loss widens 25% to $1.1M

## Summary
- Total revenues $1.955M, down ~5% from $2.053M; net loss from ops $1.109M vs $0.890M, up 25%.
- RemoteMore revenue up 46% to $698k; PDN Network down 18% to $1.128M; NAPW down 34% to $129k.
- Acquired Expo Experts for $600k ($400k cash + $200k stock); increased RemoteMore stake to 72.62%.
- Raised $700k via private placement of 333,181 shares at $2.10/share in March 2023.
- Cash fell to $0.9M from $1.2M; working capital deficit widened to $1.0M from $0.2M.

## SEC filing metadata
- accession: 0001493152-23-017197
- form_type: 8-K
- ticker: IPDN
- cik: 0001546296
- company_name: Professional Diversity Network, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546296/000149315223017197/0001493152-23-017197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546296/000149315223017197/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017197
- JSON: https://secwatch.observer/filing/0001493152-23-017197.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017197.txt

## Key facts
- Earnings Releases
  Professional Diversity Network, Inc. reported the quarter ended March 31, 2023 results: revenue approximately $1,955,000, EPS $0.11 per share.
  - Period: the quarter ended March 31, 2023
  - Revenue: approximately $1,955,000
  - EPS: $0.11 per share
  - Result: reported results
  source text: Total revenues for the three months ended March 31, 2023, decreased approximately $98,000, or 5 percent, to approximately $1,955,000 from approximately $2,053,000 during the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546296/000149315223017197/0001493152-23-017197-index.htm

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