Hiremii, an Australia-based staffing platform for temporary and permanent hiring, reported revenue today of AUD 7.6 million (USD 4.98 million) for the third quarter, an increase of 48% from the previous year.

Revenue was driven by organic growth in candidate placements focused on future industry white-collar roles, the group stated.

The group also had gross profit of AUD 0.67 million (USD 439,148) for the quarter, up 47% over the prior year.

Hiremii’s EBITDA loss stood at AUD -0.145 million (USD -95,039) compared to a loss of AUD 0.143 million (USD -93,728) the year prior.

The receipts from customers stood at a record AUD 8.13 million (USD 5.3 million), an improvement of 3.7% over the quarter.

Managing director Andrew Hornby said, “I'm delighted that despite a seasonally quiet period, the company achieved continued revenue growth, attributed to our continued focus on service excellence and delivery within our contracting business. Furthermore, a strategic emphasis on permanent placement opportunities has been implemented which is expected to deliver stronger margins in Q4.”

Hornby said, “The enhanced permanent placement revenue stream is being driven by specific focus on acquisition delivery, and onboarding, and investment in new, experienced permanent delivery leads. Our team takes immense pride in having delivered five consecutive quarters of growth, showcasing their dedication and contribution to the company's continued performance.”

Hiremii shares closed at AUD 0.046 (USD 0.030), up 2.22% on the day and 23.33% below its 52-week high of AUD 0.06 (USD 0.039), set on 12 May 2023. The company has a market cap of AUD 6.07 million (USD 3.98 million).