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Professional Diversity Network(IPDN) - 2025 Q1 - Quarterly Results
IPDNProfessional Diversity Network(IPDN)2025-05-14 16:55

Revenue Performance - Total revenues for Q1 2025 decreased by approximately 222,000,or12.9222,000, or 12.9%, to approximately 1,505,000 compared to 1,727,000inQ12024[3]−Recruitmentservicesrevenuedecreasedbyapproximately1,727,000 in Q1 2024[3] - Recruitment services revenue decreased by approximately 188,000, or 17.0%, to approximately 916,000inQ12025from916,000 in Q1 2025 from 1,104,000 in Q1 2024[12] - TalentAlly Network generated approximately 921,000inrevenuesinQ12025,adecreaseofapproximately921,000 in revenues in Q1 2025, a decrease of approximately 194,000, or 17.4%, from 1,115,000inQ12024[4]−RemoteMorerevenueincreasedslightlybyapproximately1,115,000 in Q1 2024[4] - RemoteMore revenue increased slightly by approximately 3,000, or 0.6%, to approximately 488,000inQ12025from488,000 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,adecreaseof741,000, a decrease of 66,000, or 8.2%, compared to a net loss of 807,000inQ12024[9]CashandCurrentAssets−Cashandcashequivalentsdecreasedto807,000 in Q1 2024[9] Cash and Current Assets - Cash and cash equivalents decreased to 496,000 as of March 31, 2025, down from 1,731,000asofDecember31,2024[11]−Totalcurrentassetsdecreasedto1,731,000 as of December 31, 2024[11] - Total current assets decreased to 1,787,000 as of March 31, 2025, compared to 3,227,000asofDecember31,2024[11]ExpenseManagement−Salesandmarketingexpensesdecreasedbyapproximately3,227,000 as of December 31, 2024[11] Expense Management - Sales and marketing expenses decreased by approximately 259,000, or 31.2%, to approximately 571,000inQ12025from571,000 in Q1 2025 from 830,000 in Q1 2024[7] - General and administrative expenses decreased by approximately 116,000,or11.7116,000, or 11.7%, to approximately 879,000 in Q1 2025 from 995,000inQ12024[8]InvestmentActivities−Thecompanyinvested995,000 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]