Professional Diversity Network (NASDAQ: IPDN)

 Fact Sheet

Professional Diversity Network, Inc. (“IPDN”) is an Internet software and services company that develops and operates online professional networking communities which help diverse professionals find jobs, while helping employers hire the diverse candidates they desire. IPDN’s subsidiary, National Association of Professional Women (NAPW), has over 700,000 members representing more than 200 industries and professions, many of whom network not only online but face to face at one or more of the company’s approximately 200 Local Chapters nationwide. Through an online platform and the Company’s relationship recruitment affinity groups, IPDN provides its employer clients a means to identify and acquire diverse talent and assist them with their efforts to comply with federal OFCCP mandates. The Company’s mission is to utilize the collective strength of its affiliate companies, members, partners, and unique proprietary platform to be the standard in business diversity recruiting, networking, and professional development for women, minorities, veterans, LGBT and disabled persons globally.

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Investment HighlightsValue Proposition
Company Name Professional Diversity Network
Market/Symbol NASDAQ: IPDN
Recent Price
Market Cap $30.82M
Avg. Daily Vol. (3m) 25,554
Price/Book N/A
Price/Cash Flow 17x
As of Dec. 9, 2016
*Source: QuoteMedia


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Recent Company Videos


Professional Diversity: Employment Diversity Trend Driving User Growth

Oct. 26, 2015

Professional Diversity Network (NASDAQ: IPDN) presents at the October 2015 RedChip Global Online Microcap Conference. Learn more at: ...


Investment Highlights


  • The majority of the increase in sales bookings and revenue is attributable to acquisitions of NAPW in September 2014 and Noble Voice in November 2014.

2Q15 gross margins were 86%; FY14 gross margins were 81%

2Q15 EBITDA deficit decreased by 71% to $454K, down from $1.6M in 1Q15

1.5 million new registered users in 2Q15; new user growth occurring across all networks

Strong management team and Board of Directors, including CEO James Kirsch, President Star Jones, and Directors Donna Brazile and Randi Zuckerberg

  • Hire AdvantEdge – delivers qualified candidates to employers at unprecedented levels of efficiency
  • Corporate professional networking – providing companies with an NAPW membership for all their female professionals
  • Paid premium memberships – NAPW premium memberships

Value Proposition


With a rapidly expanding user base which now totals over 10 million registered users in aggregate and revenue growing 907% YoY to $10.4 million in 2Q15, IPDN is poised for rapidly growing sales along with cost savings realized through operational synergies (scheduled to reduce operating expenses an additional $3.5 million between the end of 1Q15 and the end of 3Q15) from recent acquisitions. Through development of its Diversity Network and the acquisitions of NAPW and Noble Voice, IPDN has created an expansive network of diverse talent backed by leading technology that enables employers to find the most qualified and diverse candidates. Recent acquisitions have given IPDN the capital and technological expertise to launch its newest product, Hire AdvantEdge, which market leaders believe has the power to disrupt the recruiting market by increasing candidate quality and reducing the time-to-hire, the two most crucial factors in recruiting.

Professional Diversity Network Latest News


Ask the CEO



Meet The Board of Directors

James Kirsch

Chief Executive Officer

Daniel Marovitz

Founder & CEO of buzzumi

Stephen Pemberton

VP & Chief Diversity Officer of Walgreens

Barry Feierstein

Andrea Saenz

First Deputy Commissioner at Chicago Public Library

Donna Brazile

Managing Director of Brazile & Associates LLC

Matthew Proman

Chief Operating Officer

Randi Zuckerberg

CEO of Zuckerberg Media

Star Jones

President and National Spokesperson

Meet The Management Team

James Kirsch

Chief Executive Officer

Star Jones

President and National Spokesperson

David Mecklenburger

Chief Financial Officer

Matthew Proman

Chief Operating Officer

Daniel Sullivan

Chief Revenue Officer

Chad Hoersten

Chief Technology Officer

Tandalea Mercer

Executive Vice President of EEOC Compliance

IPDN Research

For over two decades RedChip Companies has been writing research on small-cap stocks. RedChip was the first to put independent research coverage on Starbucks in 1992. Our research analysts, CFAs, include financial models and target prices based on industry competitors. Our analysts cover dozens of stocks with a focus on healthcare, technology, social media, and consumer goods.

RedChip Companies research reports are distributed to 60,000 opt-in retail, institutional, and accredited investors.

Historical SEC Filings

Date Form Title
Dec 08, 2016 8-K 8-K - Current report
Dec 05, 2016 8-K 8-K - Current report
Nov 10, 2016 8-K 8-K - Current report
Nov 10, 2016 10-Q 10-Q - Quarterly report [Sections 13 or 15(d)]
Sep 21, 2016 8-K 8-K - Current report
Sep 08, 2016 40-17G 40-17G - Fidelity Bond [Rule 17G-1(g)]
Aug 25, 2016 8-K 8-K - Current report
Aug 12, 2016 8-K 8-K - Current report
Aug 12, 2016 10-Q 10-Q - Quarterly report [Sections 13 or 15(d)]
Jul 06, 2016 8-K 8-K - Current report

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