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HIRE Technologies Inc. (OTCQB: HIRRF) released its inaugural HR Industry Outlook for 2022, emphasizing eight priorities for HR leaders amid ongoing challenges. CEO Simon Dealy highlighted the pandemic's transformative impact on talent management, promoting a focus on employee engagement, development, and retention beyond compensation. Key predictions include in-demand skills in AI, Cloud Computing, Data Science, and more. The report identifies critical trends such as a talent shortage, hybrid work models, and the increasing importance of diversity, analytics, and employee wellness in shaping workforce strategies.
HIRE Technologies Inc. has commenced trading on the OTCQB Venture Market under the symbol HIRRF, complementing its existing listing on the TSX Venture Exchange. This move, effective January 10, 2022, aims to enhance accessibility and liquidity for U.S. investors, opening doors to a USD $500+ billion staffing market. The company has also applied for DTC eligibility to streamline electronic settlement and clearing in the U.S. HIRE is focused on modernizing human resources solutions through a technology-first approach, positioning itself for growth in the industry.
HIRE Technologies reported a 203% revenue growth for Q3-2021 compared to Q3-2020, reaching $7.7 million, with a gross margin of 44%. The company achieved positive adjusted EBITDA of $0.3 million, contrasting with a loss in the previous year. Organic growth was 35%, and they maintained a cash balance of $2.4 million. HIRE completed an acquisition of Leaders and Co., expanding its service reach. The company is recognized as one of Canada's Top Growing Companies and expects continued growth driven by favorable market conditions and strategic acquisitions.