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Recruiter.com Provides Operational and Preliminary Financial Highlights

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Recruiter.com Provides [NASDAQ : RCRT]

Operational and Preliminary Financial Highlights

https://finance.yahoo.com/news/recruiter-com-provides-operational-preliminary-134000199.html

Tue, January 18, 2022, 8:40 AM·4 min read

Expects Q4 2021 revenue of approximately $8.8M; Full-year 2021 revenue of $22.6M

NEW YORK, NY / ACCESSWIRE / January 18, 2022 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) (“Recruiter.com”), a recruiting solutions platform, announced their operational and preliminary, unaudited financial highlights for the fourth quarter and fiscal year ending December 31, 2021, predicting approximately 40% sequential quarterly growth in Q4 and 166% overall year over year revenue growth.

“We delivered a strong quarter to end the 2021 fiscal year and expect to report approximately $8.8M in Q4 revenue, an organic quarterly sequential revenue growth of over 40%, and approximately 275% growth over Q4 of the previous year,” said Recruiter.com CEO Evan Sohn. “We predict US employers will spend approximately $50 billion more hiring talent in 2022 than they did pre-pandemic, and Recruiter.com is well-positioned to capitalize on this growth.”

Q4 2021 Preliminary Unaudited Financial Highlights:

  • Expect total revenue of $8.8M, an increase of 40% from third-quarter revenue;
  • Software subscriptions of $750K, an increase of 61% from third-quarter revenue; and
  • On-demand recruiting services of $5.5M, an increase of 60% from third-quarter revenue.

Q4 2021 Operational Highlights

  • Released market research in partnership with Revelio Labs, highlighting the growing demand for recruiters and talent acquisition professionals. Recruiter roles have far outpaced other roles at public companies, growing by over 120% since 2008.
  • Announced partnership with Deel, a platform that streamlines worldwide compliance and payments for international teams, which recently raised $425 million at a valuation of $5.5 billion, empowering companies to hire contractors and employees globally.
  • Released recruiting predictions for 2022, which include remote or hybrid work becoming the new normal, work-from-anywhere morphing into hire-from-anywhere, a tight job market, and diversity continuing to be a focus.
  • Announced Memo of Understanding with Raise Recruiting. Recruiter.com and Raise will work together on a joint partnership that licenses Recruiter.com’s software and on-demand recruiters in exchange for certain staffing-related clients of Recruiter.com.
  • Announced the “Enterprise Plan” for Recruiters on Demand. The “Enterprise Plan” is designed to help employers hire ten or more full-time recruiters as the demand for recruiting and talent acquisition professionals continues to soar.
  • Received ample media coverage about the recruiting industry. Evan Sohn was featured on eight podcasts, made regular appearances on CNBC television and Yahoo Finance online stream, and participated in Yahoo’s job market special. Recruiter.com was also quoted in top-tier publications, including The Wall Street Journal, Business Insider, CNN, Forbes, and the Business Journals.
  • Recruiter.com participated in several investor-oriented conferences, including Benzinga Small Cap, Q4 Virtual Investor Summit, and LD Micro, where Evan Sohn delivered a keynote speech.
  • Mediabistro, a Recruiter.com career community focused on media roles, was featured as one of the best career sites to post jobs online by the NY Post.

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