Market Herald logo

Subscribe

Be the first with the news that moves the market
  • HIRE Technologies (HIRE) has announced financial results for the three and six months ended June 30, 2022
  • Highlights include year-to-date revenue of $18.5 million, a 56 per cent year over year increase
  • Gross margin of $5.0 million for the quarter and $9.5 million year-to-date 
  • Adjusted EBITDA of $1.3 million for the year
  • HIRE Technologies CEO Simon Dealy sat down with Daniella Atkinson to discuss the results
  • Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms
  • Hire Technologies Inc. (HIRE) opened trading at C$0.065 per share

HIRE Technologies (HIRE) has announced its financial results for the quarter and year ended December 31, 2021.

Q2 financial highlights:

  • Q2 revenue of $9.4 million, $3.0 million higher than Q2-2021
  • Year-to-date revenue of $18.5 million, a 56 per cent YOY increase
  • Gross margin of 54 per cent for the quarter, a 16-point increase over Q2-2021
  • Adjusted EBITDA was $0.3 million for the quarter, versus a loss of $0.6 million in Q2-2021
  • Adjusted EBITDA of $1.3 million for the first half of 2022 

Simon Dealy, CEO of HIRE, sat down with Daniella Atkinson to discuss the results.

“Our brands benefitted from strong client demand in the second quarter. Demand outstripped the supply of talent in HIRE’s key industry verticals, and we were able to maintain industry leading organic growth. With the unpredictability of financial markets near-term, it is important that we now focus on positioning the Company for sustainable long-term growth.”

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms.

Hire Technologies Inc. opened trading at C$0.12 per share.


More From The Market Herald

" @ the Bell: Growth-sensitive stocks fluctuate on mega jobs report

Canada’s main stock index ended on the higher side of flat on Friday trading as strength in the energy and technology sectors was weighed against
The Market Herald Video

" Trillion Energy (CSE:TCF) to commence 3D seismic reprocessing project for SASB

Trillion Energy (TCF) has announced the commencement of its 3D seismic reprocessing project for SASB.
The Market Herald Video

" CanadaBis Capital (TSXV:CANB) provides shareholder update

CanadaBis Capital (CANB) provided an update for shareholders and highlighted its financial performance over the past four quarters.

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the