Market Herald logo

Subscribe

Be the first with the news that moves the market
  • HIRE Technologies (HIRE) announces its financial results for the quarter and year ended December 31, 2021
  • Record revenue of $27.7 million for the year, with YoY growth of $16.3 million, a 143 per cent increase
  • Gross margin of $12.2 million in FY 2021, 3.5x higher than 2020
  • Positive adjusted EBITDA of $0.1 million for the year 
  • HIRE Technologies CEO Simon Dealy sat down with Folake Ekwubiri 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$0.17 per share

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

Highlights include:

  • Record revenue of $27.7 million for the year, with year-over-year growth of $16.3 million, a 143 per cent increase
  • $8.1 million in revenue for the quarter ended December 31, 2021, marking HIRE’s fifth consecutive quarter of sequential record revenues
  • Organic growth of 32 per cent for the year
  • Gross margin for the year of $12.2 million, 3.5x higher than 2020.
  • Gross margin for the quarter of $4.0 million, 204 per cent higher than the quarter ended December 31, 2020
  • Adjusted EBITDA of $0.1 million for the year and $0.3 million for the quarter

Simon Dealy, CEO of HIRE, sat down with Folake Ekwubiri to discuss the numbers.

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

Hire Technologies Inc. opened trading at C$0.17 per share.

More From The Market Herald

" Top 5 Stories of the Week: RevoluGROUP (TSXV:REVO), Tenet Fintech (CSE:PKK), HIVE Blockchain (TSXV:HIVE), PyroGenesis (TSX:PYR), Nano One (TSX:NANO)

The week in markets is ending with fears of an imminent recession, except in Canada.

" Top 5 Stories of the Week: Givex Information Technology Group (TSX:GIVX), Nextech AR Solutions (CSE:NTAR) (OTCQB:NEXCF), Else Nutrition (TSX:BABY), Banyan Gold (TSXV:BYN), Trillion Energy (CSE:TCF)

One dilemma facing investors in the stock market is whether to increase, decrease or suspend their investment when inflation is continuously rising.

" Top 5 Stories of the Week: Saturn Oil & Gas (TSXV:SOIL), Trillion Energy (CSE:TCF), Siyata Mobile (NASDAQ:SYTA), Collective Mining (TSXV:CNL), Blackrock Silver (TSXV:BRC)

The downturn in the markets this week could benefit from some context.
The Market Herald Video

" Empower Clinics (CSE:CBDT) accredited for Covid-19 mobile testing in B.C.

Empower Clinics (CBDT) has received accreditation for its COVID-19 mobile testing solutions.