Recruiter.com Group Inc has announced its fourth quarter and full-year financial results, revealing growing revenue and a narrowing per-share loss in 2022.
Revenue for the year totaled $25.4 million, up 14% from $22.2 million in 2021. Net loss narrowed 36% to $1.22 per share from $1.90 a year earlier.
"Throughout 2022, our primary objectives were the seamless integration of acquisitions from the previous year, advancing our distinct product offerings and services, and promoting organic sales growth,” CEO Evan Sohn said in a statement. “In the latter half of the year, we strategically adapted to a complex economic landscape by restructuring our expenses and organizational infrastructure."
As of December 31, Recruiter.com had $947,000 in cash, cash equivalents and marketable securities, and Its assets totaled $4.4 million.
"As we progress, our focus is on providing high-margin, technology-driven services that promote near-term profitability while significantly reducing operational expenses,” Sohn said. “Our recently announced collaboration with Job Mobz and new Recruiter Upskilling platform mark pivotal milestones in our evolution towards innovative 'low- and no-touch' recruiting solutions."
Recruiter.com is an on-demand recruiting platform providing flexible talent acquisition solutions that scale from startups to the Fortune 100.
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