Recruiter.com Group, Inc. - RCRT STOCK NEWS

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) announced the acquisition of Novo Group, Inc. on August 27, 2021. This strategic move aims to enhance Recruiter.com’s on-demand recruiting capabilities, combining technology with expertise in flexible talent acquisition. CEO Evan Sohn noted an 88% quarterly growth in their on-demand segment in Q2 2021 and projected a significant market opportunity as the outsourcing segment of talent acquisition is expected to reach $14.4 billion by 2027. The acquisition positions Recruiter.com to address evolving employer needs in a competitive labor market.

Recruiter.com Group reported strong financial results for Q2 2021, achieving 38% quarter-over-quarter growth and an impressive 81% year-to-date revenue increase, totaling $4.4 million. The company's Recruiters on Demand service surged by 88% quarter-over-quarter. Net profit stood at $3.5 million, equating to $0.99 per share. Additionally, the company closed an upsized public offering yielding $12 million and acquired key technology assets. The company's leadership anticipates sustained demand for its recruiting solutions into the second half of 2021.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) is addressing a significant market opportunity exceeding $700 million with its innovative recruiting software solutions. The company’s AI Sourcing platform enhances diversity hiring for organizations, offering tools that streamline the identification of underrepresented talent. With the global diversity recruiting market projected to reach $709.5 million by 2027, Recruiter.com aims to facilitate companies' diversity initiatives through advanced technology. This positions them favorably in the expanding $120 billion recruiting sector.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) announced that CEO Evan Sohn will present the July 2021 Recruiter Index results on CNBC and Yahoo Finance.

This index, based on data from over 30,000 recruiters, successfully predicts Labor Department jobs reports, offering insights into job market trends. CEO Sohn highlighted that candidates are seeking better offers, while employer interest in remote roles declines.

The live presentations are scheduled for August 5 and 6, 2021, aiming to provide valuable updates on hiring sentiment.

Recruiter.com Group (NASDAQ:RCRT, RCRTW) announced that CEO Evan Sohn will be interviewed on The RedChip Money Report airing on Bloomberg on July 31 at 7 p.m. ET. The show provides insights into small-cap investing and features interviews with executives and analysts. Recruiter.com is an online hiring platform offering on-demand recruiting technology to businesses, leveraging AI and video technology to adapt to hiring needs. For more information, visit Recruiter.com.

Recruiter.com Group, Inc. (Nasdaq:RCRT) has announced a milestone of over 30,000 recruiters in its on-demand recruiting network as of July 20, 2021. The company reports active engagement with over 200 recruiters currently assigned to various clients, showcasing the rapid adoption of its on-demand model. CEO Evan Sohn highlighted the flexibility and efficiency of this model, which caters to diverse industries, including technology and finance. Recruiter.com's innovative use of AI tools enhances its recruitment services, improving hiring speed and quality.

Recruiter.com Group, Inc. (Nasdaq:RCRT, RCRTW) has appointed Xuan Smith as Chief Technology Officer. With a strong background in tech leadership, Smith has over a decade of experience from various startups and consulting firms, including KPMG and Deloitte. His role will focus on enhancing Recruiter.com's platform in response to growing demand for AI-driven recruitment solutions. This appointment comes as the company expands its client base, including significant enterprises, and aims to leverage AI technology for improved hiring processes. Former CTO Ashley Saddul will remain with the company as Chief Web Officer.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) has acquired the Technology Solutions Division of Uncubed, a top recruiting technology firm, closing the deal on July 7, 2021. This acquisition enhances Recruiter.com's capabilities by incorporating Uncubed's Finalist platform and advanced candidate engagement tools, boasting a network of over one million users. The transaction involved restricted stock, cash, and a promissory note. CEO Evan Sohn highlights the potential for significant growth in on-demand recruiting solutions through this strategic move.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) has closed the sale of an additional 360,000 shares of common stock at $4.99 per share due to the underwriters' over-allotment option, generating gross proceeds of approximately $1.8 million. This follows a public offering that concluded on July 2, 2021. The offering was conducted under effective SEC registration statements and managed by Joseph Gunnar & Co., LLC. The funds raised will support Recruiter.com's ongoing growth and operational needs.