Hire Technologies revenue rises in Q3 with boost from acquisitions, organic growth – Staffing Industry Analysts

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Hire Technologies Inc. (TSXV: HIRE.V) cited strong hiring activity and a boost from acquisitions in the third quarter. This drove revenue up 203.2% year over year. However, on an organic basis, revenue rose 35% at the Toronto-based staffing provider. Acquisitions made since the start of 2020 have added C$4.0 million in revenue.
“Hire achieved another record quarter, driven by the organic growth of our portfolio companies as talent recruitment remains strong across practically all sectors,” CEO Simon Dealy said.
Hire Technologies reported results on Nov. 24. Shares closed up 5.08% to 31 cents Canadian on that day. On Monday, the company had a market cap of C$24.5 million (US$19.3 million).
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