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Australia – AD1 Holdings cash receipts show improvement in June quarter

02 August 2021

Australia-based AD1 Holdings (AD1:AU), previously known as ApplyDirect announced a business update for the June 2021 quarter. The company is a provider of customer branded recruitment marketing platforms and related digital services.

Cash receipts for FY 2021 were AUD 5.06 million, an increase of 39% compared to the prior year.

Earlier this year, the group signed a project with the New South Wales government in May 2021 to enhance its iworkforNSW careers platform and the accompanying mobile applications.

“The product "refresh" will further enhance the candidate experience and support NSW government as an employer of choice,” the group stated. “The development is well progressed and expected to be made available to the NSW Government in August 2021.”

Art of Mentoring, a platform for mentoring programmes, which the group acquired in September 2020, met its growth outlook for FY 2020 achieving 35% revenue growth compared to the prior year.