HIRE Technologies Reports $9.1 Million in Revenue, Its Sixth Consecutive Quarter of Revenue Growth

May 31, 2022

Revenue of $9.1 million for the quarter ended March 31, 2022, up 66% from Q1-2021.
Gross margin of $4.5 million was almost double the $2.3 million reported for the first quarter of 2021.
Adjusted EBITDA¹ was $1.0 million ($0.1 million - March 31, 2021). EBITDA loss was $0.8 million for the period before normalizing adjustments (EBITDA of $2.6 million - March 31, 2021).
Adjusted net income² was $0.4 million for the quarter (adjusted net loss of $0.3 million - March 31, 2021). Before adjustments, net loss for the quarter was $1.5 million (net income of $2.2 million - March 31, 2021).

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