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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- TalentAlly Network
- Remote More
- National Association of Professional Women
- Other
| Segment | FY2025 | FY2024 |
|---|---|---|
| TalentAlly Network | $3.5M | $4.5M |
| Remote More | $2.7M | $1.8M |
| National Association of Professional Women | $342.4K | $428.6K |
| Other | $0 | $0 |
As the company reported it, from the “Note 16 - Segment Information - Schedule of Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.2M | $16.1M | $7.6M | $5.0M | $4.5M | $6.1M | $8.3M | $7.7M | $6.7M | $6.5M |
| Gross profit | $23.1M | $13.4M | $6.6M | $4.1M | $3.7M | $4.6M | $4.1M | $4.2M | $4.1M | $2.8M |
| Net income | -$4.1M | -$22.3M | -$15.1M | -$3.8M | -$4.4M | -$2.8M | -$2.6M | -$4.3M | -$2.5M | -$6.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder vote Item 5.07
- Charter or fiscal year changed Item 5.03
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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