Welcome to our dedicated page for Recruiter.com Group news (Ticker: RCRT), a resource for investors and traders seeking the latest updates and insights on Recruiter.com Group stock.
Recruiter.com Group Inc (NASDAQ: RCRT) operates a technology-driven platform connecting employers with recruitment experts and automated tools. This news hub provides investors and industry professionals with essential updates on corporate developments shaping the HR technology sector.
Access timely press releases covering earnings reports, strategic partnerships, leadership changes, and operational innovations. Our curated collection ensures transparent tracking of RCRT's market positioning through restructuring initiatives and service enhancements.
Key updates include recruitment technology advancements, client acquisition milestones, and financial strategy implementations. Bookmark this page for verified information about Recruiter.com's evolving solutions for modern talent acquisition challenges.
Rhea-AI Summary
Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) announced its Q3 2023 financial results, reporting a significant 82% reduction in net loss compared to the previous year. The company also made progress on strategic transactions, including the sale of its healthcare staffing business to Futuris and expansion into financial technology through an acquisition from GoLogiq. Q3 revenue totaled $183,722, reflecting ongoing strategic shifts, while gross profit was ($68,169), primarily due to lower total revenue. Operating expenses decreased to $2.03 million, and the net loss for Q3 2023 was $1.03 million, demonstrating improvement. The company had $296 thousand in cash and cash equivalents, accounts receivable, and current assets from discontinued operations at quarter-end. Strategic developments included divestiture of the healthcare staffing business, acquisition of GoLogiq assets, and the sale of Recruiter.com IP to Job Mobz. The company is also in negotiations with debt holders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.79%
Tags
-
Rhea-AI Summary
Recruiter.com Group, Inc. announces the successful closing of the acquisition of its healthcare staffing business by Futuris Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Recruiter.com announces strategic transactions: acquiring fintech assets from GoLogiq and selling intellectual property to Job Mobz. Plans to create separate entity, CognoGroup, for work technology and AI assets. Shareholder meeting to be held. Anticipates pivot towards financial services. CognoGroup to consist of healthcare staffing division assets and Job Mobz shares. Job Mobz projects 2024 revenue to exceed $50 million with 15-20% net profit margins. Current work technology and AI projects also included. CEO optimistic about maintaining business continuity and bolstering shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.34%
Tags
Rhea-AI Summary
Recruiter.com announces reverse stock split
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.9%
Tags
-
News
Rhea-AI Summary
Recruiter.com Group, Inc. (NASDAQ: RCRT) announced the closing of its registered direct offering, raising $1.036 million in gross proceeds. The company intends to use the net proceeds for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
-
Rhea-AI Summary
Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) has announced the pricing of a registered direct offering for the sale and issuance of 3,333,333 shares of common stock at a unit purchase price of $0.3108. The company will also issue warrants to purchase 3,333,333 shares of common stock. The aggregate gross proceeds are expected to be approximately $1.036 million. The net proceeds will be used for working capital and general corporate purposes. The transactions are expected to close on or about August 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
36.66%
Tags
Rhea-AI Summary
Recruiter.com Group, Inc. announces agreement to acquire intellectual property from Job Mobz, including domain name Recruiter.com. Acquisition expected to expand Job Mobz's market presence and service portfolio. Agreement features $1.5M in cash at closing, additional $250K payable within 90 days, and shares comprising 10% of Job Mobz. Quarterly profit sharing expected in Q1 2024. Parties believe acquisition will solidify Job Mobz's position in recruitment industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
36.66%
Tags
-
Rhea-AI Summary
Recruiter.com Group, Inc. announces agreement to sell specialized healthcare staffing business to Futuris Company, valued at $500,000 in stock with a maximum limit of $2 million. Transaction expected to close immediately pending client approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.9%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.9%
Tags
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
Recruiter.com Group Inc
Nasdaq:RCRT
RCRT Rankings
RCRT Stock Data
9.07M
2.28M
2.78%
0.41%
1.04%
Staffing & Employment Services
Services-computer Programming Services
United States
NEW YORK