{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-028597","form_type":"8-K","ticker":"IPDN","cik":"0001546296","company_name":"Professional Diversity Network, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.262755+00:00","generated_at":"2026-06-11T10:59:14.909201+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Professional Diversity Network Q2 revenue down 16% to $1.84M; net loss widens to $1.43M","bullets":["Total revenue $1.841M, down 16.1% YoY; PDN Network revenue fell 20.5% to $1.101M.","Net loss from continuing ops $1.432M vs $52K loss in Q2 2022; diluted loss per share $0.14 vs $0.01.","Adjusted EBITDA negative $1.229M vs negative $0.295M in prior-year quarter.","Cash and equivalents $2.207M at June 30, 2023, up from $1.237M at Dec 31, 2022.","Entered $12.775M equity facility with Tumim Stone Capital; initial $2M gross proceeds from 469,925 shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-028597","json":"https://secwatch.observer/filing/0001493152-23-028597.json","markdown":"https://secwatch.observer/filing/0001493152-23-028597.md","text":"https://secwatch.observer/filing/0001493152-23-028597.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1546296/000149315223028597/0001493152-23-028597-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1546296/000149315223028597/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T10:59:14.909201+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae9d540b1a125b9f0aa99e6241206295cc78a415","claim":"Professional Diversity Network, Inc. reported the quarter ended June 30, 2023 results: revenue approximately $1,841,000, EPS Basic and diluted net loss per share decreased to $0.14 during the three months ended June 30, 2023 as compared to $0.01.","evidence_excerpt":"for the Three Months Ended June 30, 2023 Revenues Total revenues for the three months ended June 30, 2023 decreased approximately $354,000, or 16.1 percent, to approximately $1,841,000 from approximately $ 2,195,000 during the same period in the prior year. The decrease was predominately attributable to a reduction in recruitment services revenues of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1546296/000149315223028597/0001493152-23-028597-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"approximately $1,841,000"},{"label":"EPS","value":"Basic and diluted net loss per share decreased to $0.14 during the three months ended June 30, 2023 as compared to $0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}