Professional Diversity Network Inc (OQ:IPDN)
Business Focus: Employment Services
| Sector: Industrials | Industry: Employment Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 55 East Monroe Street, Suite 2120 CHICAGO IL 60603 |
| Tel: | N/A |
| Website: | https://www.prodivnet.com |
| IR: | See website |
| Key People | ||
| Xin He Chief Executive Officer, Director | Larry S. Aichler Chief Financial Officer | Chad Hoersten Chief Technology Officer |
| Business Overview |
| Professional Diversity Network, Inc. is a developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals. The Company serves a variety of such communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, persons with disabilities, Military Professionals, and Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ+). The Company operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network) and RemoteMore USA (RemoteMore). The PDN Network segment includes online professional networking communities with career resources tailored to the needs of various diverse cultural groups. The NAPW Network segment is a women-only professional networking organization. The RemoteMore segment provides companies with talented engineers to provide solutions to their software needs. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Professional Diversity Network Inc revenues decreased 7% to $7.7M. Net loss before extraordinary items increased 69% to $4.3M. Revenues reflect PDN Network segment decrease of 6% to $4.7M, RemoteMore segment decrease of 8% to $2.4M, NAPW Network segment decrease of 17% to $531K. Higher net loss reflects PDN Network segment loss totaling $1.5M vs. income of $415K. |
| Employees: | 45 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $18.61M as of Dec 31, 2023 |
| Annual revenue (TTM): | $7.70M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.91M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.28M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.24M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,452,008 as of Mar 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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