HIRE Technologies Inc. (V:HIRE.H)
Business Focus: Outsourcing & Staffing Services
| Sector: Industrials | Industry: Employment Services |
| Company Contact | |
| Address: | 55 Adelaide St. East, Suite 400 TORONTO ON M5C 1K6 |
| Tel: | N/A |
| Website: | https://www.hire-technologies.com |
| IR: | See website |
| Key People | ||
| Simon Dealy Chief Executive Officer, Director | Eric Loree Chief Legal Officer and Company Secretary | |
| Business Overview |
| HIRE Technologies Inc. is a Canada-based staffing company. The Company provides recruitment and staffing services. The Company, through its subsidiaries PTC Accounting and Finance Inc. (PTC), The Headhunters Recruitment Inc. (The Headhunters), 2449983 Ontario Inc. (The Kavin Group), Taylor Ryan Inc. (Taylor Ryan) and BTG Holdco Inc. provides human resources services, which comprises of recurring contract staffing services, on occurrence permanent placement services, and a software-as-a-service (SaaS) performance management tool. Its brands include Leaders International, Pulsify, Taylor Ryan, Kavin Group, The Headhunters, and PTC. Pulsify is a Web-based performance management application designed around data analytics, meeting facilitation, immediate feedback and predictive insights. The Company serves a range of industries, including Information technology (IT), financial services, government, health care, engineering, and manufacturing. |
| Financial Overview |
| For the nine months ended 30 September 2022, HIRE Technologies Inc revenues increased 34% to C$26.2M. Net loss totaled C$10.8M vs. income of C$862K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects FV Adjustments of Financial Investments decrease from C$3.4M (income) to C$0K, Contingent remuneration increase from C$310K to C$2.5M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.07M as of Sep 30, 2022 |
| Annual revenue (TTM): | $34.27M as of Sep 30, 2022 |
| EBITDA (TTM): | -$13.55M as of Sep 30, 2022 |
| Net annual income (TTM): | -$17.01M as of Sep 30, 2022 |
| Free cash flow (TTM): | -$1.91M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | $5.97M as of Sep 30, 2022 |
| Shares outstanding: | 104,190,774 as of Jan 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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