---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-040976"
form_type: "8-K"
ticker: "IPDN"
cik: "0001546296"
company_name: "Professional Diversity Network, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:32:55.424004+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-040976
- form_type: 8-K
- ticker: IPDN
- cik: 0001546296
- company_name: Professional Diversity Network, Inc.
- filed_at: 2023-11-14T23:59:59+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/1546296/000149315223040976/0001493152-23-040976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546296/000149315223040976/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-040976
- JSON: https://secwatch.observer/filing/0001493152-23-040976.json
- Plain text: https://secwatch.observer/filing/0001493152-23-040976.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546296/000149315223040976/0001493152-23-040976-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546296/000149315223040976/0001493152-23-040976-index.htm

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