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Benzinga
Benzinga
Business
Akanksha Bakshi

Recruiter.Com Predicts 40% Sequential Revenue Growth In Q4

United States
  • Recruiter.Com Group Inc (NASDAQ:RCRT) predicts ~40% sequential quarterly growth in Q4 and 166% overall year-over-year revenue growth. 
  • The company expects total revenue of $8.8 million, above the consensus of $6.95 million. The company anticipates Software subscriptions of $0.75 million, +61% Q/Q, and On-demand recruiting services of $5.5 million, +60% Q/Q.
  • Recruiter.Com predicts FY21 revenue of $22.6 million.
  • "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," stated CEO Evan Sohn.
  • Price Action: RCRT shares are trading lower by 7.38% at $2.45 on the last check Tuesday.
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