NAPW

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended September 30, 2023

Retrieved on: 
Tuesday, November 14, 2023

Revenues for the three months ended September 30, 2023 from the NAPW segment decreased approximately $17,000 as compared to the same period in the prior year.

Key Points: 
  • Revenues for the three months ended September 30, 2023 from the NAPW segment decreased approximately $17,000 as compared to the same period in the prior year.
  • Revenues for the three months ended September 30, 2023 from the RemoteMore segment decreased $152,000 as compared to the same period in the prior year.
  • Basic and diluted net loss per share remained fairly consistent at $0.12 during the three months ended September 30, 2023 as compared to $0.13 during the three months ended September 30, 2022.
  • Financial Results for the Three Months Ended September 30, 2023
    Total revenues for the three months ended September 30, 2023 decreased approximately $107,000, or 5.0 percent, to approximately $2,008,000 from approximately $2,115,000 during the same period in the prior year.

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended June 30, 2023

Retrieved on: 
Monday, August 14, 2023

Revenues for the three months ended June 30, 2023 from the NAPW segment decreased approximately $25,000 as compared to the same period in the prior year.

Key Points: 
  • Revenues for the three months ended June 30, 2023 from the NAPW segment decreased approximately $25,000 as compared to the same period in the prior year.
  • Revenues for the three months ended June 30, 2023 from the RemoteMore segment decreased $44,000 in revenues as compared to the same period in the prior year.
  • Basic and diluted net loss per share decreased to $0.14 during the three months ended June 30, 2023 as compared to $0.01 during the three months ended June 30, 2022.
  • On June 30, 2023, cash balances were approximately $2.2 million as compared to $1.2 million on December 31, 2022.

Darla Moon New Hire Announcement

Retrieved on: 
Friday, May 19, 2023

BETHESDA, Md., May 19, 2023 /PRNewswire/ -- ARETUM Holdings, LLC (ARETUM) a leading government contracting agency expands its Leadership Team by bringing on Darla Moon as the Chief Financial Officer (CFO).

Key Points: 
  • BETHESDA, Md., May 19, 2023 /PRNewswire/ -- ARETUM Holdings, LLC (ARETUM) a leading government contracting agency expands its Leadership Team by bringing on Darla Moon as the Chief Financial Officer (CFO).
  • With a distinguished career spanning over 25 years, Darla brings a wealth of executive leadership experience and expertise in financial management, operations, and strategic planning.
  • Before joining ARETUM, Darla served as EVP, Chief Financial Officer, and Treasurer at Systems Planning and Analysis.
  • "We are delighted to welcome Darla Moon as the CFO of ARETUM.

Technology Boosts the Capabilities of Talent Acquisition Services

Retrieved on: 
Tuesday, May 16, 2023

NEW YORK, May 16, 2023 /PRNewswire/ -- Talent acquisition, the process of identifying and attracting skilled individuals for employment, has undergone significant changes in the modern business landscape. The rise of technology, social media, and AI has had a significant impact on these processes. Today, businesses have access to a wide range of recruitment tools that make the hiring process more efficient and effective. For example, applicant tracking systems (ATS) have become a popular tool for businesses of all sizes. ATS allows recruiters to manage and organize applications, resumes, and candidate information in one place, making the screening and selection process much easier and more streamlined. In addition, social media has also transformed the way businesses approach talent acquisition. Platforms such as LinkedIn, Facebook, and Twitter have become a key source for recruiters to identify and attract potential candidates. Additionally, Artificial Intelligence (AI) powered tools can also help businesses automate certain aspects of the hiring process, such as resume screening and candidate matching. This can save recruiters a significant amount of time and effort, allowing them to focus on more critical tasks such as interviewing and assessing candidates. Professional Diversity Network, Inc. (NASDAQ: IPDN), TrueBlue, Inc. (NYSE: TBI), HireRight Holdings Corporation (NYSE: HRT), Korn Ferry (NYSE: KFY), Paychex, Inc. (NASDAQ: PAYX)

Key Points: 
  • The rise of technology, social media, and AI has had a significant impact on these processes.
  • In addition, social media has also transformed the way businesses approach talent acquisition.
  • The report, titled "The Talent Game," provides global insights into the HR landscape surrounding background screening, talent acquisition, and talent management for employers worldwide.
  • The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.

Technology Boosts the Capabilities of Talent Acquisition Services

Retrieved on: 
Tuesday, May 16, 2023

NEW YORK, May 16, 2023 /PRNewswire/ -- Talent acquisition, the process of identifying and attracting skilled individuals for employment, has undergone significant changes in the modern business landscape. The rise of technology, social media, and AI has had a significant impact on these processes. Today, businesses have access to a wide range of recruitment tools that make the hiring process more efficient and effective. For example, applicant tracking systems (ATS) have become a popular tool for businesses of all sizes. ATS allows recruiters to manage and organize applications, resumes, and candidate information in one place, making the screening and selection process much easier and more streamlined. In addition, social media has also transformed the way businesses approach talent acquisition. Platforms such as LinkedIn, Facebook, and Twitter have become a key source for recruiters to identify and attract potential candidates. Additionally, Artificial Intelligence (AI) powered tools can also help businesses automate certain aspects of the hiring process, such as resume screening and candidate matching. This can save recruiters a significant amount of time and effort, allowing them to focus on more critical tasks such as interviewing and assessing candidates. Professional Diversity Network, Inc. (NASDAQ: IPDN), TrueBlue, Inc. (NYSE: TBI), HireRight Holdings Corporation (NYSE: HRT), Korn Ferry (NYSE: KFY), Paychex, Inc. (NASDAQ: PAYX)

Key Points: 
  • The rise of technology, social media, and AI has had a significant impact on these processes.
  • In addition, social media has also transformed the way businesses approach talent acquisition.
  • The report, titled "The Talent Game," provides global insights into the HR landscape surrounding background screening, talent acquisition, and talent management for employers worldwide.
  • The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended March 31, 2023

Retrieved on: 
Monday, May 15, 2023

Additionally, the operations of our recent acquisition, Expo Experts, has met our initial expectations and we expect solid results throughout the fiscal year.

Key Points: 
  • Additionally, the operations of our recent acquisition, Expo Experts, has met our initial expectations and we expect solid results throughout the fiscal year.
  • In January 2023, the Company exercised its option to purchase an additional 20 percent interest in RemoteMore at a purchase price of $116,667.
  • Basic and diluted net loss per share were $0.11 during the three months ended March 31, 2023 and March 31, 2022, respectively.
  • Financial Results for the Three Months Ended March 31, 2022
    Total revenues for the three months ended March 31, 2023, decreased approximately $98,000, or 5 percent, to approximately $1,955,000 from approximately $2,053,000 during the same period in the prior year.

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended September 30, 2022

Retrieved on: 
Monday, November 14, 2022

Total consolidated revenues for the three months ended September 30, 2022 increased $0.4 million, or 25 percent, as compared to the same period in the prior year.

Key Points: 
  • Total consolidated revenues for the three months ended September 30, 2022 increased $0.4 million, or 25 percent, as compared to the same period in the prior year.
  • On September 30, 2022, cash balances were approximately $1.5 million as compared to $3.4 million on December 31, 2021.
  • Financial Results for the Three Months Ended September 30, 2022
    Total revenues for the three months ended September 30, 2022 increased approximately $432,000, or 25.7%, to approximately $2,115,000 from approximately $1,683,000 during the same period in the prior year.
  • Financial Results for the Nine Months Ended September 30, 2022
    Total revenues for the nine months ended September 30, 2022 increased approximately $1,735,000, or 37.5%, to approximately $6,363,000 from approximately $4,628,000 during the same period in the prior year.

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended June 30, 2022

Retrieved on: 
Monday, August 15, 2022

Our RemoteMore business line continues to exceed budgeted revenue expectations, said Adam He, CEO of Professional Diversity Network.

Key Points: 
  • Our RemoteMore business line continues to exceed budgeted revenue expectations, said Adam He, CEO of Professional Diversity Network.
  • Revenues for the three months ended June 30, 2022 from the NAPW segment decreased approximately $0.1 million as compared to the same period in the prior year.
  • Basic and diluted net loss per share remained consistent at $0.04 during the three months ended June 30, 2022 and 2021.
  • Financial Results for the Three Months Ended June 30, 2022
    Total revenues for the three months ended June 30, 2022 increased approximately $734,000, or 50.2%, to approximately $2,195,000 from approximately $1,461,000 during the same period in the prior year.

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended March 31, 2022

Retrieved on: 
Monday, May 16, 2022

We are still focused on capitalizing on growth opportunities, increasing our return on organic operations, and maximizing shareholder value throughout 2022.

Key Points: 
  • We are still focused on capitalizing on growth opportunities, increasing our return on organic operations, and maximizing shareholder value throughout 2022.
  • Total consolidated revenues for the three months ended March 31, 2022, increased approximately $0.6 million or 38 percent as compared to the same period in the prior year.
  • Basic and diluted net loss per share remained consistent at $0.06 during the three months ended March 31, 2022 and March 31, 2021.
  • Financial Results for the Three Months Ended March 31, 2022
    Total revenues for the three months ended March 31, 2022, increased approximately $569,000, or 38%, to approximately $2,053,000 from approximately $1,484,000 during the same period in the prior year.

Professional Diversity Network, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021

Retrieved on: 
Thursday, March 31, 2022

Total consolidated revenues for the three months ended December 31, 2021, increased approximately $0.3 million or 21 percent as compared to the same period in the prior year.

Key Points: 
  • Total consolidated revenues for the three months ended December 31, 2021, increased approximately $0.3 million or 21 percent as compared to the same period in the prior year.
  • On December 31, 2021, cash balances were approximately $3.4 million as compared to $2.1 million on December 31, 2020.
  • Total revenues increased approximately $1,642,000, or 37%, from $4,457,000 for the year ended December 31, 2020 to approximately $6,099,000 for the year ended December 31, 2021.
  • Depreciation and amortization expenses increased by approximately $215,000, to approximately $385,000 during the year ended December 31, 2021, as compared to the prior year.