Professional Diversity Network, Inc. IPDN
The Company is a dynamic operator of professional networks with a focus on talent acquisition and professional development. Our networks provide access to a robust audience across multiple demographics. We serve 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+). Our goal is (i) to assist our registered users and members in their efforts to connect with like-minded individuals and identify career opportunities within the network and (ii) connect members with prospective employers while helping the employers address their workforce needs. We believe that the combination of our solutions allows us to approach recruiting and professional networking uniquely and thus create enhanced value for our members and clients.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $6.7M | $7.7M | $8.3M | $6.1M | $4.5M | $5.0M | $7.6M | $16.1M | $26.2M |
| Cost of revenue | $3.7M | $2.6M | $3.5M | $4.3M | $1.5M | $787.2K | $884.4K | $1,000.0K | $2.7M | $3.1M |
| Gross profit | $2.8M | $4.1M | $4.2M | $4.1M | $4.6M | $3.7M | $4.1M | $6.6M | $13.4M | $23.1M |
| SG&A | $7.2M | $3.5M | $4.5M | $3.6M | $4.6M | $6.4M | $4.3M | $6.5M | $11.6M | $11.3M |
| Total operating expenses | $13.0M | $9.1M | $12.2M | $11.4M | $9.0M | $9.3M | $8.0M | $22.2M | $39.3M | $29.8M |
| Operating income | -$6.5M | -$2.4M | -$4.5M | -$3.1M | -$2.9M | -$4.8M | -$3.0M | -$14.5M | -$23.3M | -$3.6M |
| Interest expense | — | — | $12.9K | $3.7K | $8.0K | — | — | — | $12.4K | $1.6M |
| Pre-tax income | -$6.5M | -$2.6M | -$4.5M | -$3.1M | -$2.9M | -$4.2M | -$3.0M | -$14.5M | -$23.3M | -$5.4M |
| Income tax | $0 | $6.3K | $139.4K | $13.2K | $21.5K | $35.2K | $177.5K | $1.4M | $1.7M | $1.3M |
| Net income | -$6.5M | -$2.5M | -$4.3M | -$2.6M | -$2.8M | -$4.4M | -$3.8M | -$15.1M | -$22.3M | -$4.1M |
| EPS, basic | -2.11 | -2.07 | -4.27 | -0.39 | -0.41 | — | — | — | — | — |
| EPS, diluted | — | — | — | — | -0.20 | -0.39 | -0.59 | -3.30 | -5.68 | -1.98 |
| Shares, diluted (wtd. avg.) | $3.1M | $1.3M | $1.1M | $8.2M | $7.2M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $217.0K | $1.7M | $627.6K | $1.2M | $3.4M | $2.1M | $633.6K | $105.7K | $2.9M | $5.9M |
| Receivables | $807.7K | $1.2M | $1.1M | $1.3M | $1.4M | $1.0M | $720.8K | $816.7K | $905.7K | $2.2M |
| Total current assets | $2.6M | $3.2M | $2.4M | $3.3M | $5.6M | $3.5M | $1.7M | $2.8M | $5.6M | $9.6M |
| Property, plant and equipment | $36.4K | $49.0K | $42.0K | $35.3K | $29.0K | $10.4K | $21.2K | $55.7K | $221.2K | $277.5K |
| Goodwill | $1.4M | $1.4M | $1.4M | $1.3M | $1.3M | $339.5K | $339.5K | $339.5K | $5.6M | $20.2M |
| Other intangibles | $9.6M | $134.7K | $225.8K | $225.2K | $968.3K | $376.2K | $452.4K | $1.0M | $6.3M | $9.2M |
| Total assets | $17.9M | $8.0M | $6.3M | $6.8M | $9.0M | $8.7M | $6.6M | $5.4M | $19.0M | $41.1M |
| Accounts payable | $737.9K | $155.7K | $524.9K | $338.6K | $248.6K | $728.4K | $796.1K | $1.7M | $1.1M | $2.2M |
| Total current liabilities | $6.6M | $3.0M | $3.5M | $3.9M | $5.2M | $4.7M | $3.8M | $6.1M | $6.8M | $8.6M |
| Total liabilities | $6.7M | $3.1M | $3.8M | $4.5M | $5.9M | $5.3M | $4.0M | $6.6M | $8.7M | $12.4M |
| Retained earnings | -$108.9M | -$102.4M | -$99.9M | -$98.4M | -$95.8M | -$93.0M | -$88.7M | -$84.8M | -$69.7M | $47.5M |
| Total equity | $11.7M | $5.3M | $2.6M | $2.3M | $3.1M | $3.3M | $2.6M | -$1.1M | $10.3M | $28.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.1M | -$2.5M | -$3.0M | -$2.3M | -$1.9M | -$3.5M | -$6.5M | -$3.7M | -$6.2M | -$6.7M |
| Depreciation and amortisation | $157.9K | $203.8K | $624.0K | $776.1K | $385.2K | $169.9K | $703.7K | $2.6M | $3.0M | $3.3M |
| Stock-based compensation | $3.6M | $175.5K | $299.8K | $481.4K | $634.3K | $620.4K | $224.7K | $799.7K | $900.4K | $264.3K |
| Capital expenditure | $4.0K | $20.9K | $30.4K | $15.6K | $24.9K | $10.4K | $550 | $7.9K | $153.6K | $5.3K |
| Investing cash flow | -$5.0M | -$962.9K | -$946.5K | -$60.8K | -$1.3M | -$65.4K | $54.8K | $72.1K | -$343.3K | $657.7K |
| Financing cash flow | $6.8M | $4.6M | $3.4M | $144.6K | $4.4M | $4.9M | $6.9M | $3.4M | $3.6M | $10.0M |
| Buybacks | — | — | $0 | $855.4K | — | — | — | — | — | $3.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014026.
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