Professional Diversity Network Acquires Additional Equity Interest in RemoteMore USA, Inc.
Professional Diversity Network, Inc. (IPDN)
US:NASDAQ Investor Relations:
investor.prodivnet.com
Company Research
Source: GlobeNewswire
CHICAGO, March 27, 2023 (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, announced the acquisition of additional 20% of equity interest in RemoteMore USA, Inc. (“RemoteMore”) on March 23, 2023, an online platform specializing in remote-hiring of software developers, increasing PDN’s ownership position in RemoteMore to approximately 66% after the transaction. Recognizing the unstoppable trend of remote working and the surged demand of a curated workforce pool, PDN purchased approximately 46% of equity interest in RemoteMore back in September 2021. Since that acquisition, RemoteMore has continuously grown its revenue and operations. During the first three quarters of 2022, RemoteMore booked approximately $1,882,000 of gross revenue, six times more than the same period in
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News
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network Full Year 2023 Earnings: US$0.41 loss per share (vs US$0.31 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Professional Diversity Network, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
IPDN
Sec Filings
- 4/8/24 - Form 8-K
- 3/29/24 - Form 10-K
- 3/29/24 - Form 8-K
- IPDN's page on the SEC website