Professional Diversity Network Inc (NASDAQ: IPDN) |
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Professional Diversity Network Inc's Customers Performance
IPDN
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IPDN's Source of Revenues |
In the Q1, Professional Diversity Network Inc 's corporate clients experienced a deterioration by -21.1 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -0.21 %. During the corresponding time, Professional Diversity Network Inc saw a revenue deteriorated by -12.87 % year on year, sequentially revenue fell by -7.08 %. While revenue at the Professional Diversity Network Inc 's corporate clients fell by -22.47 % year on year, sequentially revenue grew by 2.91 %.
• List of IPDN Customers
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Customers of Professional Diversity Network Inc saw their costs of revenue deteriorate by -21.1 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -0.21 %, for the same period Professional Diversity Network Inc revnue deteriorated by -12.87 % year on year, sequentially revenue fell by -7.08 %.
• List of IPDN Customers
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Membership Fees and Related Services |
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6.36 % |
of total Revenue |
Recruitment Services |
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60.9 % |
of total Revenue |
Contracted Software Development |
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32.4 % |
of total Revenue |
Consumer Advertising and Marketing Solutions |
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0.34 % |
of total Revenue |
TalentAlly Network |
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61.24 % |
of total Revenue |
TalentAlly Network Recruitment Services |
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60.9 % |
of total Revenue |
TalentAlly Network Consumer Advertising and Marketing Solutions |
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0.34 % |
of total Revenue |
National Association of Professional Women |
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6.36 % |
of total Revenue |
National Association of Professional Women Membership Fees and Related Services |
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6.36 % |
of total Revenue |
Remote More |
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32.4 % |
of total Revenue |
Remote More Contracted Software Development |
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32.4 % |
of total Revenue |
Select the Relationship:
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Select the Category:
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Customers Net Income fell in Q1 by |
Customers Net margin fell to % |
-38.69 % |
4.35 % |
Customers Net Income fell in Q1 by -38.69 % |
Customers Net margin fell to 4.35 % 4.35 % |
Professional Diversity Network Inc's Comment on Sales, Marketing and Customers
We sell NAPW/IAW Network membership subscriptions offline through our NAPW/IAW
Network sales force, which currently includes 21 sales professionals, all of whom
sell initial membership services. We developed a secure, work-from-home technology
along with a training and supervision platform aimed at reducing the overhead
costs, increasing per-representative profitability, and offering our sales professionals
flexible working arrangements. All sales representatives are capable of selling
upgraded memberships and ancillary products. We believe that we maintained high
visibility for the NAPW Network during 2017 through its nearly 300,000,000 advertisements
served online, in-person impressions through its live networking activities and
interactions via its online properties and social media accounts. The number was
lower than previous years as we segmented ads and targeted our audiences, which
was designed to yield a lower cost per impression and provide a higher return
per marketing dollar spent.
Our PDN sales resources for recruitment and recruitment advertising products
and services include a sales force with 11 sales professionals, third-party
strategic partners who deliver employers with demand for our products, and technology,
which facilitates e-commerce transactions. We market directly to employers and
third-party recruiters. Our sales team uses a combination of telephone, email
and face-to-face marketing, including personal visits to companies or their
recruitment agencies, as well as appearances at industry and trade group events
where diversity recruitment recruiters are in attendance. We have also formed
strategic alliances with parties who are able to help extend our organic reach.
In addition, we are developing purely online marketing channels to bring recruiters
to us in bulk and use products based on a matching and targeting technology
to facilitate sales. Our recruitment and recruitment advertising sales force
is divided between three groups: (i) the “table-setters,” who are
responsible for setting up first meetings with prospect companies, (ii) the
career sales professionals, who conduct the first meeting and mature the conversation
to a successful conclusion, and (iii) sales professionals who provide ongoing
account management and are responsible for successful client renewals. We have
specialty units within our sales force dedicated to serving: (i) federal, state
and local governments and companies and contractors who serve these governmental
entities, (ii) small and medium sized businesses as defined by companies with
less than 2,500 employees and (iii) large enterprises with greater than 2,500
employees.
Noble Voice’s main operation is housed in Chicago, IL after PDN consolidated
offices into one location in August 2017. The Chicago call center is capable
of supporting roughly 100 call center representatives at any one moment. Currently,
58 total agents are employed in the Chicago location. Additionally, Noble Voice
employs 62 agents work as independent contractors in a work-at-home model. These
agents are centered in the Detroit, MI area. Nearly 100% of Noble Voice call
traffic is generated through an inbound call model stemming from SMS text messaging
and/or organic traffic from websites. Noble Voice sends roughly 95% of these
texts itself and purchases the remaining inbound calls from partnerships with
outside vendors, once those companies are properly vetted and deemed compliant
with appropriate regulations and requirements.
News about Professional Diversity Network Inc Contracts |
Chicago, August 26, 2024 Professional Diversity Network, Inc. (NASDAQ: IPDN), a trailblazer in developing and executing networks that provide diverse individuals with access to networking, training, educational, and employment opportunities, is excited to announce the rebranding of its job board operations as TalentAlly. This transformative move signifies PDN s commitment to evolving its service offerings to better meet the needs of a diverse workforce. Going forward, TalentAlly LLC will function as a standalone subsidiary of Professional Diversity Network, Inc. A New Chapter in Diversity RecruitmentThe rebranding to TalentAlly underscores PDN s dedication to strengthening its presence in the diversity recr...
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Diverse Talent and Financial Challenges: A Closer Look at Professional Diversity Network s New Platform and Corporate Performance CHICAGO, June 12, 2024 Professional Diversity Network, Inc. (NASDAQ: IPDN) continues to make strides in advancing diversity and inclusion in the workplace. The recent launch of RemoteMore s new database platform marks an important milestone for PDN, providing valuable resources for job seekers with active security clearances and reflecting PDN s ongoing commitment to offering robust networking, training, educational, and employment opportunities. RemoteMore s New Database PlatformRemoteMore, a subsidiary of Professional Diversity Network, unveiled a new database designed spec...
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Professional Diversity Network Inc's Comment on Sales, Marketing and Customers
We sell NAPW/IAW Network membership subscriptions offline through our NAPW/IAW
Network sales force, which currently includes 21 sales professionals, all of whom
sell initial membership services. We developed a secure, work-from-home technology
along with a training and supervision platform aimed at reducing the overhead
costs, increasing per-representative profitability, and offering our sales professionals
flexible working arrangements. All sales representatives are capable of selling
upgraded memberships and ancillary products. We believe that we maintained high
visibility for the NAPW Network during 2017 through its nearly 300,000,000 advertisements
served online, in-person impressions through its live networking activities and
interactions via its online properties and social media accounts. The number was
lower than previous years as we segmented ads and targeted our audiences, which
was designed to yield a lower cost per impression and provide a higher return
per marketing dollar spent.
Our PDN sales resources for recruitment and recruitment advertising products
and services include a sales force with 11 sales professionals, third-party
strategic partners who deliver employers with demand for our products, and technology,
which facilitates e-commerce transactions. We market directly to employers and
third-party recruiters. Our sales team uses a combination of telephone, email
and face-to-face marketing, including personal visits to companies or their
recruitment agencies, as well as appearances at industry and trade group events
where diversity recruitment recruiters are in attendance. We have also formed
strategic alliances with parties who are able to help extend our organic reach.
In addition, we are developing purely online marketing channels to bring recruiters
to us in bulk and use products based on a matching and targeting technology
to facilitate sales. Our recruitment and recruitment advertising sales force
is divided between three groups: (i) the “table-setters,” who are
responsible for setting up first meetings with prospect companies, (ii) the
career sales professionals, who conduct the first meeting and mature the conversation
to a successful conclusion, and (iii) sales professionals who provide ongoing
account management and are responsible for successful client renewals. We have
specialty units within our sales force dedicated to serving: (i) federal, state
and local governments and companies and contractors who serve these governmental
entities, (ii) small and medium sized businesses as defined by companies with
less than 2,500 employees and (iii) large enterprises with greater than 2,500
employees.
Noble Voice’s main operation is housed in Chicago, IL after PDN consolidated
offices into one location in August 2017. The Chicago call center is capable
of supporting roughly 100 call center representatives at any one moment. Currently,
58 total agents are employed in the Chicago location. Additionally, Noble Voice
employs 62 agents work as independent contractors in a work-at-home model. These
agents are centered in the Detroit, MI area. Nearly 100% of Noble Voice call
traffic is generated through an inbound call model stemming from SMS text messaging
and/or organic traffic from websites. Noble Voice sends roughly 95% of these
texts itself and purchases the remaining inbound calls from partnerships with
outside vendors, once those companies are properly vetted and deemed compliant
with appropriate regulations and requirements.
IPDN's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Professional Diversity Network Inc |
2.82 |
6.51 |
-2.53 |
31 |
Fluent Inc |
27.69 |
261.98 |
-27.75 |
210 |
Sprout Social Inc |
1,237.42 |
417.53 |
-59.62 |
1,383 |
Sprinklr Inc |
2,266.35 |
627.25 |
-51.57 |
3,589 |
Select Medical Holdings Corp |
1,866.61 |
6,186.62 |
254.27 |
54,600 |
SUBTOTAL |
5,398.06 |
7,493.37 |
115.34 |
59,782 |
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