solderdude
Grand Contributor
PMA tested it the way it should be used, at least acc. to the schematic which has a load resistor on the secondary side.There are two types of the adapter where just the XLR sex is different. Why it makes no sense to you to feed XLR in? Besides, you are confusing us by making a different test to @amirm’s who fed signal to the XLR socket while presenting your test to be the same as his.
The output being F or M is a bit weird but science says the XLR is output.