Company Quick10K Filing
Professional Diversity Network
10-Q 2020-03-31 Filed 2020-05-20
10-K 2019-12-31 Filed 2020-05-04
10-Q 2019-09-30 Filed 2019-11-19
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-20
10-K 2018-12-31 Filed 2019-04-16
10-Q 2018-09-30 Filed 2018-11-19
10-Q 2018-06-30 Filed 2018-08-14
10-Q 2018-03-31 Filed 2018-05-15
10-K 2017-12-31 Filed 2018-03-30
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-14
10-Q 2017-03-31 Filed 2017-05-15
10-K 2016-12-31 Filed 2017-03-31
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-08-15
10-Q 2016-03-31 Filed 2016-05-12
10-K 2015-12-31 Filed 2016-03-30
10-Q 2015-09-30 Filed 2015-11-16
10-Q 2015-06-30 Filed 2015-08-12
10-Q 2015-03-31 Filed 2015-05-14
10-K 2014-12-31 Filed 2015-03-31
10-Q 2014-09-30 Filed 2014-11-14
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-05-14
10-K 2013-12-31 Filed 2014-03-27
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-12
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-04-01
8-K 2020-05-11 Other Events
8-K 2020-04-02
8-K 2020-03-30 Other Events
8-K 2020-03-22 Sale of Shares
8-K 2020-01-02
8-K 2019-12-12 Other Events
8-K 2019-11-27 Other Events
8-K 2019-11-25 Other Events
8-K 2019-11-20 Other Events
8-K 2019-11-18 Officers, Exhibits
8-K 2019-11-15 Officers
8-K 2019-11-12 Officers
8-K 2019-10-10
8-K 2019-09-17 Enter Agreement
8-K 2019-09-16
8-K 2019-09-05 Sale of Shares
8-K 2019-08-05 Sale of Shares
8-K 2019-07-16
8-K 2019-06-18 Other Events, Exhibits
8-K 2019-06-11 Enter Agreement, Sale of Shares, Other Events, Exhibits
8-K 2019-04-30
8-K 2019-04-16 Regulation FD, Exhibits
8-K 2019-03-25 Officers, Other Events, Exhibits
8-K 2019-03-14 Officers, Exhibits
8-K 2019-02-22 Officers
8-K 2019-02-12 Officers
8-K 2019-01-09 Officers
8-K 2018-11-30 Regulation FD, Exhibits
8-K 2018-11-30 Regulation FD, Exhibits
8-K 2018-11-29 Accountant, Exhibits
8-K 2018-11-21 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-20 Earnings, Exhibits
8-K 2018-11-14 Shareholder Vote, Exhibits
8-K 2018-11-08 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-10-15 Officers
8-K 2018-10-11 Officers
8-K 2018-08-15 Earnings, Exhibits
8-K 2018-08-02 Officers
8-K 2018-06-25 Sale of Shares
8-K 2018-05-16 Earnings, Exhibits
8-K 2018-04-02 Earnings, Exhibits
8-K 2018-03-06 Officers
8-K 2018-02-27 Officers
8-K 2018-01-29 Sale of Shares
8-K 2018-01-22 Officers, Exhibits
8-K 2018-01-11 Officers

Professional Diversity Network Financials

IPDN Metrics, Comps, Filings

Quarterly | Annual

Business

The Company is a dynamic operator of professional networks with a focus on diversity. We use the term “diversity” (or “diverse”) to describe communities, or “affinities,” that are distinctly based on a wide array of criteria which may change from time to time, including ethnic, national, cultural, racial, religious or gender classification. We serve a variety of such communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). Our goal is (i) to assist our registered users and members in their efforts to connect with like-minded individuals, identify career opportunities within the network and (ii) connect members with prospective employers while helping the employers address their workforce diversity needs. We believe that the combination of our solutions allows us to approach recruiting and professional networking in a unique way and thus create enhanced value for our members and clients.

On November 7, 2016, we consummated the issuance and sale of 1,777,417 shares of our common stock, par value $0.01 per share, to Cosmic Forward Limited (“CFL”), a Republic of Seychelles company wholly-owned by four Chinese investors. In connection with that transaction, CFL shareholder Maoji (“Michael”) Wang was appointed as Chief Executive Officer and a Director of the Company, and CFL shareholder Jingbo Song was appointed as a Director of the Company serving as the Company's Co-Chairman of the Board (Mr. Song resigned as a director of the Board on February 20, 2019). On December 1, 2016 our Board of Directors (“Board”) authorized the proper officers of the Company to take all action required to create subsidiaries in both Hong Kong and China in order to facilitate expansion of the Company's business into China. In January of 2017, the Company established two Hong Kong subsidiaries, PDN (Hong Kong) International Education Ltd and PDN (Hong Kong) International Education Information Co., Ltd, and in March of 2017 the Company established its China subsidiary, PDN (China) International Culture Development Co. Ltd. In November of 2017, Jiangxi PDN Culture Media Co., Ltd became a consolidated variable interest entity. We are currently executing our strategic plan to build in China entirely new networking, training and education businesses. We believe that coupling the Company's expertise in networking and careers with the CFL owners' expertise in the China market will provide us with an opportunity for success with our overseas expansion.

Following CFL's investment in the Company's in November 2016, we began efforts to leverage PDN's assets to maximize profitability, beginning with refining operations and enhancing sales in order to transform the Company from historical losses to future profits. The Company currently provides services for employers' who want to hire diverse talent, to individuals seeking to network on a professional level and to job seekers who desire to improve their professional situation. Since the control investment in PDN by CFL, we have successfully expanded operations in China in three primary segments that relate to the core US operations. In China, we have launched educational services, business and women's networking. We now offers membership in the International Association of Women, The Business Elite Club and Educational Services. As a result, in 2017, we began offering our educational, business and networking services to our new members in China and also extended our reach to the Global Women's Forum Event in Paris, France, for elite members from China.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Cardlytics (CDLX) 853,585 0% -47.0 -11% 193,247 129,060 141,137 0 -20,571 -16,131 758,197
HealthStream (HSTM) 826,170 0% 19.2 3% 480,197 146,304 191,418 0 12,087 35,987 692,256
EverQuote (EVER) 618,203 93% -50.0 -16% 80,870 32,556 214,791 200,494 -13,108 -11,515 576,004
Rubicon Project (RUBI) 487,741 60% -100.4 -9% 335,321 231,198 149,360 89,801 -29,231 -4,010 402,619
Internet Initiative Japan (IIJI) 485,824 0% 153,448,819 79,460,262 0 0 0 0 -5,417,068
TrueCar (TRUE) 374,853 90% -7.6 -10% 448,583 118,605 264,212 238,553 -46,077 -26,494 202,390
Sify Technologies (SIFY) 283,048 0% 29,936,178 19,157,350 0 0 0 0 -30,009
Moxian (MOXC) 126,601 100% -888.7 -310% 46 9,048 204 204 -142 -142 126,555
Internap (INAP) 67,539 0% -31.3 -11% 724,701 784,913 297,814 0 -80,460 -15,065 471,770
Synacor (SYNC) 57,095 48% 391.2 -10% 86,985 43,192 95,039 45,747 -8,456 107 41,863
AutoWeb (AUTO) 37,863 19% -2.6 -38% 45,242 21,609 119,551 22,688 -17,337 -12,075 31,733
GigaMedia (GIGM) 30,504 0% 61,445 3,273 0 0 0 0 -29,322
ChinaNet Online (CNET) 24,148 4% -12.8 -10% 18,960 10,549 39,528 1,700 -1,905 -1,816 23,311
Professional Diversity Network (IPDN) 11,149 83% -3.0 -29% 9,297 5,739 4,021 3,322 -2,708 -2,084 6,288
Alithya Group (ALYA)
OneConnect Financial (OCFT)
Pharol (PT)
Baidu (BIDU) 0% 297,566,000 121,814,000 0 0 0 0 20,040,000
Qutoutiao (QTT) 0% 2,752,472 1,144,302 0 0 0 0 -2,186,288
HUYA (HUYA) 0% 7,106,187 1,461,180 0 0 0 0 -709,019

Balance Sheet ($'000)2013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash20,14019,80818,73610,8295,6091,8221,5193,5355,3293,8812,0711,7011,2925166,0695,5624,9522,8223,0142,7382,6671,6531,4427941,1844,862
Accounts Receivable4475941,2189601,5431,2033,4492,9812,7802,5302,5111,7671,7731,8392,1712,6622,1311,7991,9981,388424528817446432551
Inventory
PP&E116115121605684496478876466674740335431475227624229289914010697294675348
Assets22,47422,20522,02021,75622,21477,37074,59272,69972,61545,78041,42839,23137,37036,45441,13839,96427,52624,12218,98917,39416,5578,7265,2384,4174,3489,297
Accounts Payable2552072234003075,6584,9414,5613,5913,3104,4664,3134,3025,3592,1721,1911,5201,2331,5241,4931,2281,4661,8441,6771,121833
Long-Term Debt000
Liabilities1,1461,1441,5211,5192,46622,27720,95020,47816,47619,39718,78317,96916,46818,38512,36210,95410,5199,4608,6877,4446,9316,1866,3496,2835,0805,739
Stockholders' Equity21,32821,06020,49920,23719,74855,09353,64252,22156,13926,38322,64521,26320,90318,06828,77629,01017,00714,66210,3029,9499,6262,539-1,111-1,866-7323,562
Income Statement ($'000)2013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue9779791,1591,2381,2911,5757,79810,70210,3999,3438,1707,3436,8516,3605,6735,6345,2644,4226,7333,5482,1191,8951,3461,3261,348
Cost of Revenue2472354313665273881,0041,7121,4721,4648858047457018346581,775610340292188240271
Gross Profit7307447288717641,1876,7958,9918,9277,8796,4586,0475,6154,9344,4303,7644,9592,9381,7791,6031,1591,0871,077
R&D
SG&A1,1031,1361,4991,3321,3411,6406,07910,5599,3818,8809,3517,4906,1776,0753,1167,7897,6595,5123,1654,5793,0872,7642,1391,9811,965
Tax-91-185-3000-327-618-1,9325-4972,9764105-136-624-72010066207-2-45
Net Income-133-272-550-263-479-941-1,966-1,543-778-29,657-3,817-1,440-806-1,273-589-3,102-12,075-2,488-4,623-2,034-1,562-7,229-1,159-771-777
Cash Flow ($'000)2013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-360-923-347-769-2,797-4,877-465-2,351-1,391-1,957-445-842-255-4,175-3,356-1,152123-1,822-1,487-902-972-1,065-1,385
Cash Investing28-106-7,560-4,425-9854,3572,785946205241188-37-7-110-49-28167-35-3-2022
Cash Financing0-420-26-5218-3053,200-58-166-7099,7652,856646841,4871,43503731,4255,097