Professional Diversity Network Q3 net loss widens to $1.32M; revenue down 5% YoY

Professional Diversity Network, Inc.

2023-Q3 EPS reported -$0.37 revenue$5,804,802

Net loss from continuing ops Q3: $1.32M ($0.12/sh) vs $1.10M loss ($0.13/sh) in Q3 2022.
Revenue $2.01M (-5% YoY); RemoteMore revenue $605k (-20.1%), NAPW $135k (-11.2%).
Cash $0.6M at Sep 30 vs $1.2M at Dec 31, 2022; working capital deficit $1.3M vs $0.2M.
Adjusted EBITDA loss widened to $967k from $705k in Q3 2022.
CEO notes corporate spend uptick in Q3/Q4, but nine-month net loss $3.86M vs $2.04M prior year.

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 0.95

Professional Diversity Network, Inc. reported the quarter ended September 30, 2023 results: revenue approximately $2,008,000, EPS $0.12.

Period: the quarter ended September 30, 2023
Revenue: approximately $2,008,000
EPS: $0.12
Result: reported results

Exact text from the filing

On November 14, 2023, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Professional Diversity Network, Inc. reported the quarter ended September 30, 2023 results: revenue approximately $2,008,000, EPS $0.12.

Period: the quarter ended September 30, 2023
Revenue: approximately $2,008,000
EPS: $0.12
Result: reported results

Exact text from the filing

Total revenues for the three months ended September 30, 2023 decreased approximately $107,000, or 5.0 percent, to approximately $2,008,000 from approximately $ 2,115,000 during the same period in the prior year.

View on SEC.gov

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-040976

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