Hiremii, an Australia-based staffing platform for temporary and permanent hiring reported revenue of AUD 4.59 million (USD 3.25 million) for the quarter ended 31 December 2022, up 80.9% when compared to the prior-year period.

Revenue growth was driven by organic growth in candidate placements focused on future industry white collar roles.

The group reported record cash receipts of AUD 5.43 million (USD 3.85 million), up 13.4% on the prior quarter. Hiremii also posted record gross profit of AUD 620,000 (USD 439,806), increasing by 10.7% over the quarter. Gross profit was up by 198%.

Gross margin stood at 13.5% during the quarter, up from 8.2% in the prior-year period.

Managing Director, Andrew Hornby, “Our recruitment subsidiary, Inverse Group, delivered another strong performance in the quarter, increasing average gross margins to 13.5% and delivering a record AUD 620,000 (USD 439,806) gross profit. Our continued focus on delivering low risk, high value service to the future metals and sustainable energy sectors within global ASX listed and multi-national corporates provides ongoing confidence in our ability to grow a sustainable and disciplined business. Our exposure to asset owners over the quarter increased further, particularly with lithium and rare earths."

Hiremii also reported H1 revenue of AUD 9.42 million (USD 6.68 million), up 144% over the prior-year period.

Hiremii shares set a new 52-week high during today's trading session when it reached AUD 0.081 (USD 0.057). Over this period, the share price is up 26.53%. Shares last traded at AUD 0.062 (USD 0.044), up 24.0% on the day. The company has a market cap of AUD 5.40 million (USD 3.82 million).