OverviewSuggest Edit

Professional Diversity Network is a company operating online professional networking communities with career resources in the United States. It operates in two segments, Professional Diversity Network (PDN Network) and National Association of Professional Women (NAPW Network). The PDN Network segment offers single and multiple job postings, recruitment media, talent recruitment communities, corporate memberships, hiring campaign marketing and advertising, e-newsletter marketing, and research and outreach services to various cultural groups and employers. It also provides consumer advertising and consumer marketing solutions through advertising and job postings on its Websites. The NAPW Network segment operates a women-only professional networking organization.
TypePublic
Founded2003
HQChicago, IL, US
Websiteprodivnet.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)50(-42%)
Revenue (FY, 2020)$4.5 M(-11%)
Share Price (Sept 2021)$1.4(-2%)
Cybersecurity ratingBMore

Key People/Management at Professional Diversity Network

Xin He

Xin He

Chief Executive Officer
Charles O'Brien

Charles O'Brien

Interim Chief Financial Officer
Chad Hoersten

Chad Hoersten

Chief Technology Officer
Yu-Jin Chou

Yu-Jin Chou

Chief of Staff
Danyelle Simmons

Danyelle Simmons

Director of Events
Pam Olson

Pam Olson

Vice President - National Accounts
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Professional Diversity Network Office Locations

Professional Diversity Network has an office in Chicago
Chicago, IL, US (HQ)
801 W Adams St #600
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Professional Diversity Network Financials and Metrics

Professional Diversity Network Revenue

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Professional Diversity Network's revenue was reported to be $4.46 m in FY, 2020
USD

Revenue (FY, 2020)

4.5m

Gross profit (FY, 2020)

3.7m

Gross profit margin (FY, 2020), %

82.3%

Net income (FY, 2020)

(4.4m)

EBIT (FY, 2020)

(4.8m)

Market capitalization (8-Sept-2021)

18.2m

Closing stock price (8-Sept-2021)

1.4

Cash (31-Dec-2020)

2.1m

EV

16.6m
Professional Diversity Network's current market capitalization is $18.2 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

22.1m8.5m5.0m4.5m

Revenue growth, %

(62%)(41%)

Cost of goods sold

4.0m1.6m884.4k787.2k

Gross profit

18.1m6.8m4.1m3.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

3.5m2.1m1.9m1.3m1.3m1.3m982.3k951.8k

Cost of goods sold

610.0k339.9k291.7k187.6k240.0k271.4k173.5k169.9k

Gross profit

2.9m1.8m1.6m1.2m1.1m1.1m808.8k781.9k

Gross profit Margin, %

83%84%85%86%82%80%82%82%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.0m1.4m633.6k2.1m

Accounts Receivable

2.0m816.7k720.8k1.0m

Prepaid Expenses

478.4k350.9k240.8k355.3k

Current Assets

5.6m2.8m1.7m3.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

2.7m2.7m1.7m793.9k1.2m4.9m1.6m858.9k

Accounts Receivable

1.4m424.1k527.6k446.4k431.8k550.9k287.4k453.1k

Prepaid Expenses

568.6k699.4k461.9k482.9k354.6k360.1k307.2k365.6k

Current Assets

4.8m4.6m2.9m1.8m2.0m5.8m2.2m1.7m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(22.3m)(15.1m)(3.8m)(4.4m)

Depreciation and Amortization

3.2m2.6m703.7k169.9k

Accounts Payable

(659.2k)730.7k(431.9k)(834.3k)

Cash From Operating Activities

(6.3m)(4.9m)(6.5m)(3.5m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(2.0m)(4.0m)(11.3m)(1.2m)(1.9m)(2.7m)(1.5m)(3.3m)

Depreciation and Amortization

701.4k1.3m2.0m221.4k443.0k663.6k52.0k99.8k

Accounts Payable

(35.0k)106.0k345.6k(266.5k)(250.1k)(488.4k)187.6k60.8k

Cash From Operating Activities

(1.8m)(3.3m)(4.2m)(971.9k)(2.0m)(3.4m)(558.3k)(1.9m)
USDFY, 2017

Revenue/Employee

132.1k

Financial Leverage

1.8 x
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Professional Diversity Network Operating Metrics

Professional Diversity Network's Registered Users was reported to be 11.7 m in Q1, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Registered Users

11.22 m11.48 m11.65 m11.61 m11.65 m11.65 m11.7 m11.75 m11.75 m11.75 m

Paying Members

25.44 k22 k18 k15 k12.63 k12.63 k9 k7 k6.01 k5 k

Offices (China)

222

Offices (North America)

422
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Professional Diversity Network Acquisitions / Subsidiaries

Company NameDateDeal Size
NAPW Inc
PDN (China) International Culture Development Co Ltd
PDN (Hong Kong) International Education Information Co Ltd
PDN (Hong Kong) International Education Ltd

Professional Diversity Network Revenue Breakdown

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Professional Diversity Network revenue breakdown by business segment: 48.8% from Recruitment Services, 48.3% from Membership Fees and Related Services and 2.9% from Other

Professional Diversity Network Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Professional Diversity Network Online and Social Media Presence

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Professional Diversity Network News and Updates

Professional Diversity Network, Inc. Celebrates Success of International Association of Women Simplify Summit

CHICAGO, Sept. 03, 2021 (GLOBE NEWSWIRE) -- The International Association of Women, a business unit of Professional Diversity Network, Inc., hosted a successful virtual summit on August 28th. On the heels of 2020, with millions of women leaving the workforce because of the competing demands of wor…

Professional Diversity Network, Inc. Updates Nasdaq’s Notice of Equity Deficiency

CHICAGO, July 15, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals,…

Professional Diversity Network Announces $2.5 Million Registered Direct Offering

CHICAGO, July 07, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (Nasdaq: IPDN), today announced it has entered into definitive agreements with institutional investors for the purchase and sale of its common stock at a purchase price of $1.70 per share in a registered direct offerin…

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended March 31, 2021

CHICAGO, May 17, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, …

Professional Diversity Network, Inc. Announces Launch of Kappa Alpha Psi Fraternity, Inc. Job Board

CHICAGO, April 01, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (“PDN” or the “Company”), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, today …

Professional Diversity Network, Inc. Announces Agreement to Acquire Interests in RemoteMore USA, Inc., a Provider of Remote-hiring Marketplaces

CHICAGO, March 26, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (“PDN” or the “Company”), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, today …
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Professional Diversity Network Frequently Asked Questions

  • When was Professional Diversity Network founded?

    Professional Diversity Network was founded in 2003.

  • Who are Professional Diversity Network key executives?

    Professional Diversity Network's key executives are Xin He, Charles O'Brien and Chad Hoersten.

  • How many employees does Professional Diversity Network have?

    Professional Diversity Network has 50 employees.

  • What is Professional Diversity Network revenue?

    Latest Professional Diversity Network annual revenue is $4.5 m.

  • What is Professional Diversity Network revenue per employee?

    Latest Professional Diversity Network revenue per employee is $89.1 k.

  • Who are Professional Diversity Network competitors?

    Competitors of Professional Diversity Network include The Precisionists, Tap My Back and LineHire.

  • Where is Professional Diversity Network headquarters?

    Professional Diversity Network headquarters is located at 801 W Adams St #600, Chicago.

  • Where are Professional Diversity Network offices?

    Professional Diversity Network has an office in Chicago.

  • How many offices does Professional Diversity Network have?

    Professional Diversity Network has 1 office.