Hire Technologies (Hire Technologies) Net Margin % : -80.02% (As of Sep. 2022)

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What is Hire Technologies Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Hire Technologies's Net Income for the three months ended in Sep. 2022 was $-4.62 Mil. Hire Technologies's Revenue for the three months ended in Sep. 2022 was $5.78 Mil. Therefore, Hire Technologies's net margin for the quarter that ended in Sep. 2022 was -80.02%.

The historical rank and industry rank for Hire Technologies's Net Margin % or its related term are showing as below:

HIRRF's Net Margin % is not ranked ^*
in the Business Services industry.
Industry Median: 3.915
* Ranked among companies with meaningful Net Margin % only.

Hire Technologies Net Margin % Historical Data

The historical data trend for Hire Technologies's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hire Technologies Net Margin % Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Net Margin %

-94.02

-19.40

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Net Margin %	Get a 7-Day Free Trial														-11.94	-76.99	-16.15	-33.49	-80.02

Competitive Comparison of Hire Technologies's Net Margin %

For the Staffing & Employment Services subindustry, Hire Technologies's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hire Technologies's Net Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hire Technologies's Net Margin % distribution charts can be found below:

* The bar in red indicates where Hire Technologies's Net Margin % falls into.

Hire Technologies Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Hire Technologies's Net Margin for the fiscal year that ended in Dec. 2021 is calculated as

Net Margin	=	Net Income (A: Dec. 2021 )	/	Revenue (A: Dec. 2021 )
	=	-4.198	/	21.644
	=	-19.40 %

Hire Technologies's Net Margin for the quarter that ended in Sep. 2022 is calculated as

Net Margin	=	Net Income (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	-4.621	/	5.775
	=	-80.02 %

Hire Technologies (OTCPK:HIRRF) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Hire Technologies Net Margin % Related Terms

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Hire Technologies (Hire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hire Technologies Inc (OTCPK:HIRRF) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.