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HireRight Holdings (NYSE: HRT) reported its first quarter 2024 financial results, with revenues at $173.2 million and a net loss of $3.3 million. The company also highlighted an adjusted EBITDA of $40.3 million and diluted loss per share of $0.05. HireRight President and CEO Guy Abramo expressed satisfaction with the performance, focusing on margin expansion and customer satisfaction.
Despite the net loss, HireRight remains optimistic about its long-term growth prospects, emphasizing its unique compliance solution and ability to attract new global customers. The company maintains a strong liquidity position with $236.0 million in capital available as of March 31, 2024.
