ACCESS Newswire
24 Nov 2021, 09:35 GMT+10
TORONTO, ON / ACCESSWIRE / November 23, 2021 / HIRE Technologies Inc. (TSXV:HIRE.V) (' HIRE ' or the ' Company '), a company focused on modernizing and digitizing human resources solutions, announces its financial results for the quarter ended September 30, 2021. All financial figures are in Canadian dollars unless otherwise noted.
'HIRE achieved another record quarter, driven by the organic growth of our portfolio companies as talent recruitment remains strong across practically all sectors,' said Simon Dealy, HIRE's Chief Executive Officer. 'The past year has brought about many catalysts in human capital management, including a surge in demand for labour, competition for quality talent, a focus on diversity, equity and inclusion, and steady growth across many industries. Looking ahead, we are encouraged by positive market dynamics into the fourth quarter and 2022. We are delivering industry leading growth rates and are confident in our ability to continue the growth trajectory of our business.'
Q3-2021 Financial Highlights
Outlook
With favourable prevailing market conditions, HIRE expects organic and acquisitive growth will continue to positively influence financial performance. HIRE's key areas of focus are as follows:
Conference Call & Webcast Details
Date: Wednesday, November 24, 2021
Time: 12:00 pm Eastern Time / 9:00 am Pacific Time
Please join 10 minutes before the start of the call.
Dial in:
(+1) 416-764-8658 (Toronto local)
(+1) 888-886-7786 (Toll-Free, North America)
To join the live audio webcast and to view the presentation slides visit:
http://meetingconnectsales.adobeconnect.com/hireq3/
A recording of the conference call will be made available on hire.company .
Selected Quarterly Information
Adjusted EBITDA Reconciliation
Adjusted Net Income
This earnings press release, which was approved by the Company's Board of Directors on the Audit Committee's recommendation should be read in conjunction with HIRE's condensed consolidated interim financial statements and MD&A, which have been posted on SEDAR at www.sedar.com.
Non-IFRS Measures and Footnotes
This news release refers to certain financial measures that are not defined by International Financial Reporting Standards (' IFRS '), including earnings before interest, taxes, depreciation, and amortization (' EBITDA '), adjusted earnings before interest, taxes, depreciation, and amortization (' adjusted EBITDA '), adjusted net earnings (loss), and gross margin.
About HIRE Technologies Inc.
HIRE is investing in and shaping the future of human resource management with a technology-first focus, by consolidating and modernizing the staffing marketplace. The Company owns and operates staffing firms as well as platform technology that it uses to help those firms become more technologically advanced. The Company is a disciplined capital allocator due to its technology DNA and extensive experience in building and growing staffing companies of all types. HIRE has a large recurring revenue base and helps clients manage change in the workplace in order to achieve success. For more information, visit hire.company .
Contacts
Simon Dealy, Chief Executive Officer
(647) 264-9196
[email protected]
Caroline Sawamoto, Investor Relations
(647) 556-4498
[email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This press release contains 'forward-looking statements' or 'forward-looking information' (collectively referred to hereafter as 'forward-looking statements') within the meaning of applicable Canadian securities legislation.
All statements that address activities, events or developments that HIRE expects or anticipates will, or may, occur in the future, including statements about HIRE's growth trajectory, business prospects, future trends, plans, and strategies, including those under the heading 'Outlook', the Company's prospects for completion of additional acquisitions and future organic growth, and expected benefits from business activities are forward-looking statements. In some cases, forward-looking statements are preceded by, followed by or include words such as 'may', 'will', 'would', 'could', 'should', 'believes', 'estimates', 'projects', 'potential', 'expects', 'plans', 'intends', 'proposes', 'anticipates', 'targeted', 'continues', 'forecasts', 'designed', 'goal', or the negative of those words or other similar or comparable words. Although the management of HIRE believes that the assumptions made and the expectations represented by such statements are reasonable, including the continued favourable market conditions, there can be no assurance that a forward-looking statement herein will prove to be accurate. In making such forward looking statements, the Company has assumed that it be able to continue to complete acquisitions on terms favorable to the Company.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of HIRE to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Risks and uncertainties applicable to the Company, as well as trends identified by the Company affecting it and the staffing industry can be found in the Company's September 30, 2021 MD&A and its continuous disclosure record available on SEDAR. Although HIRE has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended.
Such cautionary statements qualify all forward-looking statements made in this press release. HIRE undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE: HIRE Technologies Inc.
Get a daily dose of Maryland Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Maryland Leader.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...