ACCESSWIRE
18 Jan 2022, 23:55 GMT+10
Expects Q4 2021 revenue of approximately $8.8M; Full-year 2021 revenue of $22.6M
NEW YORK, NY / ACCESSWIRE / January 18, 2022 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) ('Recruiter.com'), a recruiting solutions platform, announced their operational and preliminary, unaudited financial highlights for the fourth quarter and fiscal year ending December 31, 2021, predicting approximately 40% sequential quarterly growth in Q4 and 166% overall year over year revenue growth.
'We delivered a strong quarter to end the 2021 fiscal year and expect to report approximately $8.8M in Q4 revenue, an organic quarterly sequential revenue growth of over 40%, and approximately 275% growth over Q4 of the previous year,' said Recruiter.com CEO Evan Sohn. 'We predict US employers will spend approximately $50 billion more hiring talent in 2022 than they did pre-pandemic, and Recruiter.com is well-positioned to capitalize on this growth.'
Q4 2021 Preliminary Unaudited Financial Highlights:
Q4 2021 Operational Highlights
Preliminary revenues are estimates prior to the completion of the Company's financial closing procedures and review and/or audit procedures by its auditor and, therefore, may be subject to adjustment when the actual results are available.
About Recruiter.com Group, Inc.
Recruiter.com is a recruiting solutions platform that rapidly delivers the right talent to both small and large businesses. Recruiter.com provides on-tap talent solutions that flex with hiring needs with recruiting software and a network of on-demand recruiters. To learn more, visit https://www.recruiter.com.
For investor information, visit https://investors.recruiter.com.
Please follow social media channels for additional updates:
Company Contact:
Nicole Gallina
Corporate Communications
investors@recruiter.com
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words 'forecast' 'believe,' 'may,' 'estimate,' 'predict,' 'continue,' 'anticipates,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the accuracy of the Recruiter Index® survey, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future developments, or otherwise, except as may be required by law.
SOURCE: Recruiter.com Group, Inc.
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