Professional Diversity Network, Inc. (IPDN) announced its financial results for the quarter ended March 31, 2025, on May 14, 2025. Total revenues for the quarter decreased by 12.9% year-over-year to approximately $1,505,000, down from $1,727,000 in the prior year period. This decline was primarily due to a $188,000 decrease in recruitment services and a $31,000 decrease in membership services.
Segment-wise, TalentAlly network revenues decreased by 17.4% to $921,000, while NAPW network revenues fell by 24.4% to $96,000. RemoteMore revenue saw a slight increase of 0.6% to $488,000 for the quarter. Cost of revenues increased by 10.1% to $719,000, primarily due to higher contract costs.
Despite revenue challenges, the company reported a net loss from continuing operations of approximately $741,000, which was a decrease in net loss of $66,000 compared to $807,000 in the prior year. This improvement was driven by significant reductions in operating expenses, with sales and marketing expenses decreasing by 31.2% to $571,000 and general and administrative expenses falling by 11.7% to $879,000.
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