Professional Diversity Network (NASDAQ: IPDN) was the star of the market on Friday after its share price surged more than 200%, making it the day’s top gainer.The U.S.-listed microcap stock jumped 243% to close at $6.69, lifting its year-to-date performance to nearly 16%.IPDN YTD stock price chart. Source: Finbold Notably, the Chicago-based company, which operates online networks that provide career opportunities, training, and professional connections, rallied on news of a non-binding Memorandum of Underst ...

CHICAGO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN) (“PDN” or the “Company”), a global developer and operator of online networks that provides access to networking, training, and employment opportunities for diverse professionals, today announced it has signed a non-binding Memorandum of Understanding (MOU) with OOKC Group, a Dubai-based financial technology enterprise. Together, the parties intend to develop the world’s first compliance-driven Web3.0 digital inves ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or Form 10-Q (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35824 Professional Diversity Network, Inc. (Exact name of Registrant as Specified in Its Charter) (State or Ot ...

"Despite ongoing market challenges, we successfully reduced our loss per share from $1.21 to $0.62 compared to the same period last year. Moving forward, we will focus on advancing the transformation of our platform's technological infrastructure through AI integration and strategic revenue diversification, with the goal of attracting more investors," said Xun Wu, CEO of Professional Diversity Network, Inc. "Since the beginning of last year, we have effectively controlled costs through streamlined operation ...

CHICAGO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN) ("PDN", or the "Company"), a pioneering technology holding company at the forefront of workforce innovation, AI-powered solutions, and global talent marketplaces, recently announced the appointment of Mr. Xun Wu as its new Chief Executive Officer, effective July 22, 2025. This pivotal leadership transition signals a new era for IPDN, poised for exponential growth, strategic global expansion, and an unwavering comm ...

Core Viewpoint - Professional Diversity Network, Inc. reported a decrease in revenues for Q1 2025, primarily due to challenges in recruitment services linked to diversity initiatives, while also highlighting strategic investments in AI and operational efficiency to attract investor interest [2][3][4]. Financial Performance - Total revenues for Q1 2025 decreased by approximately $222,000, or 12.9%, to about $1,505,000 compared to $1,727,000 in Q1 2024 [3]. - Recruitment services saw a decline of approximately $188,000, or 17.0%, while membership and related services decreased by approximately $31,000, or 24.4% [3][12]. - The TalentAlly network generated revenues of approximately $921,000, down 17.4% from $1,115,000 in the prior year [4]. - NAPW network revenues decreased by approximately $31,000, or 24.4%, to about $96,000 [4]. - RemoteMore revenue increased slightly by approximately $3,000, or 0.6%, to approximately $488,000 [5]. Costs and Expenses - Cost of revenues increased by approximately $66,000, or 10.1%, to about $719,000 [6]. - Sales and marketing expenses decreased by approximately $259,000, or 31.2%, to approximately $571,000 [6]. - General and administrative expenses decreased by approximately $116,000, or 11.7%, to approximately $879,000 [7]. Net Loss - The net loss from continuing operations for Q1 2025 was approximately $741,000, a reduction of approximately $66,000, or 8.2%, compared to a net loss of approximately $807,000 in Q1 2024 [8][9]. - Net cash used in operating activities decreased by approximately $259,000 to about $284,000 [9]. Financial Position - As of March 31, 2025, total current assets were approximately $1,787,000, down from $3,227,000 as of December 31, 2024 [11]. - Total assets decreased to approximately $7,739,000 from $7,982,000 [11]. - Total stockholders' equity decreased to approximately $4,915,000 from $5,322,000 [11]. Cash Flow - Cash used in operating activities was approximately $284,000 in Q1 2025, compared to $543,000 in Q1 2024 [13]. - Investing activities included a significant investment of $1.3 million in AI Geometric Ltd. [2][13].

Revenue Performance - Total revenues for Q1 2025 decreased by approximately $222,000, or 12.9%, to approximately $1,505,000 compared to $1,727,000 in Q1 2024[3] - Recruitment services revenue decreased by approximately $188,000, or 17.0%, to approximately $916,000 in Q1 2025 from $1,104,000 in Q1 2024[12] - TalentAlly Network generated approximately $921,000 in revenues in Q1 2025, a decrease of approximately $194,000, or 17.4%, from $1,115,000 in Q1 2024[4] - RemoteMore revenue increased slightly by approximately $3,000, or 0.6%, to approximately $488,000 in Q1 2025 from $485,000 in Q1 2024[5] Financial Losses - The consolidated net loss from continuing operations for Q1 2025 was approximately $741,000, a decrease of $66,000, or 8.2%, compared to a net loss of $807,000 in Q1 2024[9] Cash and Current Assets - Cash and cash equivalents decreased to $496,000 as of March 31, 2025, down from $1,731,000 as of December 31, 2024[11] - Total current assets decreased to $1,787,000 as of March 31, 2025, compared to $3,227,000 as of December 31, 2024[11] Expense Management - Sales and marketing expenses decreased by approximately $259,000, or 31.2%, to approximately $571,000 in Q1 2025 from $830,000 in Q1 2024[7] - General and administrative expenses decreased by approximately $116,000, or 11.7%, to approximately $879,000 in Q1 2025 from $995,000 in Q1 2024[8] Investment Activities - The company invested $1.3 million in AI Geometric Ltd., acquiring a 13% equity stake to enhance its AI-driven recruitment ecosystem[2]

Revenue Performance - Total revenues for Q1 2025 decreased by approximately $222,000, or 12.9%, to approximately $1,505,000 from approximately $1,727,000 in Q1 2024[144] - Recruitment services revenue decreased by approximately $188,000, or 17.0%, primarily due to Executive Orders targeting diversity, equity, and inclusion programs[144] - Membership fees and related services revenue decreased by approximately $31,000, or 24.4%, from $127,000 in Q1 2024 to $96,000 in Q1 2025[147] - TalentAlly Network generated approximately $921,000 in revenues, a decrease of approximately $194,000, or 17.4%, compared to Q1 2024[146] - NAPW Network revenues decreased by approximately $31,000, or 24.4%, from approximately $127,000 in Q1 2024 to $96,000 in Q1 2025[147] - RemoteMore revenue increased by approximately $3,000, or 0.6%, from approximately $485,000 in Q1 2024 to 488,000 in Q1 2025[147] Cost and Expense Management - Cost of revenues increased by approximately $66,000, or 10.1%, to approximately $719,000 in Q1 2025 from $653,000 in Q1 2024[150] - Total costs and expenses decreased by approximately $320,000, or 12.6%, to approximately $2,210,000 in Q1 2025 from $2,530,000 in Q1 2024[149] - Sales and marketing expenses decreased by approximately $259,000, or 31.2%, from $830,000 in Q1 2024 to $571,000 in Q1 2025[151] - General and administrative expenses decreased by approximately $116,000, or 11.7%, to approximately $879,000 in Q1 2025 from $995,000 in Q1 2024[152] - Corporate overhead costs increased by approximately $33,000, or 6.6%, primarily due to higher legal and investor relations expenses[159] Financial Performance - For the three months ended March 31, 2025, the consolidated net loss from continuing operations was approximately $741,000, a decrease of 8.2% compared to a net loss of approximately $807,000 for the same period in 2024[162] - Cash and cash equivalents decreased to approximately $496,000 as of March 31, 2025, from approximately $1,731,000 at December 31, 2024, indicating a significant decline in liquidity[164] - Net cash used in operating activities during the three months ended March 31, 2025, was approximately $284,000, an improvement from $543,000 in the same period of 2024[175] - The company incurred approximately $1,300,000 in net cash used in investing activities during the three months ended March 31, 2025, primarily related to an investment in AI Geometric Ltd[177] - Adjusted EBITDA for the three months ended March 31, 2025, was approximately $(608,000), compared to $(653,000) for the same period in 2024, reflecting a slight improvement[181] - The company raised approximately $349,000 in net cash from financing activities during the three months ended March 31, 2025, compared to $95,000 in the same period of 2024[178] - The accumulated deficit as of March 31, 2025, was approximately $103,000,000, indicating significant financial challenges[164] Accounting and Reporting - Goodwill is tested for impairment annually and when circumstances change, considering market capitalization and carrying value of assets and liabilities[192] - Capitalized technology costs are amortized over a straight-line basis, generally not exceeding three years[195] - Revenue from recruitment services is recognized when services are performed, with revenue derived from various agreements including job postings and corporate memberships[197] - Consumer marketing and advertising revenue is recognized based on fixed fees or impressions recorded on websites[198] - Revenue from NAPW Network membership subscriptions is recognized ratably over a 12-month period, with fees collected at the start of the membership[199] - Approximately 2% and 6% of recruitment services revenue for the three months ended March 31, 2025 and 2024, respectively, came from an alliance with another company[202] - Operating lease liabilities represent the present value of lease payments not yet paid, with lease expenses recognized on a straight-line basis[206] - Recent accounting pronouncements include ASU 2023-09, effective for fiscal years beginning after December 15, 2024, enhancing income tax disclosures[208] - ASU 2024-03 requires disaggregated disclosures of certain expense categories, effective for annual reporting periods beginning after December 15, 2026[209] - The company is currently evaluating the impact of recent accounting standards on its disclosures[208] Going Concern - The company continues to face negative cash flows from operations and expects to incur net losses for the foreseeable future, raising doubts about its ability to continue as a going concern[168]

Core Insights - TalentAlly celebrates the 10th anniversary of its partnership with disABLEDperson, Inc., focusing on expanding employment opportunities for individuals with disabilities [1][3] - The collaboration has led to the growth of the Ability Careers platform, attracting nearly 20,000 users from the disability community in the past year [2] - TalentAlly prioritizes disability inclusion through 35-45 annual job fairs, both online and in-person, to enhance recruitment efforts [2] Company Overview - TalentAlly is a business unit of Professional Diversity Network, Inc. (NASDAQ: IPDN), providing inclusive recruitment solutions and job board services [1][7] - The mission of TalentAlly is to bridge the gap between diverse individuals and inclusive companies, promoting diversity, equity, and inclusion in the workplace [4] - disABLEDperson, Inc. is a nonprofit organization focused on reducing the unemployment rate among individuals with disabilities through accessible job boards and advocacy [6]

Core Insights - TalentAlly has been recognized as a finalist for two DJAx Awards: the Technology Innovation Award and the Best Customer Success Team Award, highlighting its commitment to innovation and exceptional service in the recruitment industry [1][7]. Group 1: Technology Innovation - The Technology Innovation Award acknowledges organizations that effectively utilize technology to improve the recruitment process for job seekers and employers [2]. - With 83% of companies expected to adopt AI in hiring by the end of 2025, TalentAlly has partnered with AI Geometric to provide AI-powered virtual interview practice and resume reviews, enhancing job seekers' market readiness [3]. - This AI-driven platform allows candidates to refine their resumes and practice interviews in a supportive environment, ultimately improving their presentation to employers [4]. Group 2: Customer Success - The Best Customer Success Team Award recognizes organizations that deliver outstanding client support and measurable recruitment outcomes [5]. - TalentAlly assigns a dedicated Customer Success Manager to each enterprise client, focusing on maximizing job views, application starts, conversions, and hires through tailored strategies [6]. - The customer success team enhances engagement via targeted email campaigns, banner advertising, and curated diversity profile pages, utilizing over 20 inclusive partner job boards and various recruitment events [6]. Group 3: Leadership Perspective - Russell Esquivel Jr., President of TalentAlly, emphasized that the recognition reflects the team's dedication to innovation and service, particularly through the partnership with AI Geometric [7]. - He also acknowledged the Customer Success team's expertise and commitment, which have significantly contributed to employers achieving excellent recruitment results [8].