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. is a hiring platform for a network of specialized recruiters, empowering businesses to recruit talent faster with virtual teams and AI job-matching technology. With over 28,000 recruiters utilizing a web platform and AI-driven job matching, Recruiter.com offers businesses access to virtual recruiters specialized by vertical industries for as-needed hiring.
Recent achievements include a strategic reorganization, sale of healthcare staffing business to Futuris, and expansion into financial technology through acquisition from GoLogiq. The company focuses on high-margin technology solutions, streamlining operations, and driving value for shareholders. Key strategic decisions and technology-driven solutions characterize Recruiter.com's operations.
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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.
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Recruiter.com Group, Inc. announces the successful closing of the acquisition of its healthcare staffing business by Futuris Company.
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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.
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Recruiter.com announces reverse stock split
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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.
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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.
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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.
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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.
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FAQ
What is the current stock price of Recruiter.com Group (RCRT)?
The current stock price of Recruiter.com Group (RCRT) is $2.74 as of October 1, 2024.
What is the market cap of Recruiter.com Group (RCRT)?
The market cap of Recruiter.com Group (RCRT) is approximately 9.1M.
What is Recruiter.com Group Inc.?
Recruiter.com is a hiring platform for a network of specialized recruiters, empowering businesses to recruit talent faster with virtual teams and AI job-matching technology.
What recent achievements has Recruiter.com Group Inc. made?
Recruiter.com has made strategic decisions, including the sale of its healthcare staffing business to Futuris and expansion into financial technology through an acquisition from GoLogiq.
How does Recruiter.com Group Inc. focus on technology-driven solutions?
The company focuses on high-margin technology solutions and streamlining operations to drive value for shareholders.
What characterizes Recruiter.com Group Inc.'s operations?
Key strategic decisions and technology-driven solutions characterize Recruiter.com's operations.
How does Recruiter.com Group Inc. support businesses in recruiting?
Recruiter.com provides businesses with access to virtual recruiters specialized by vertical industries for as-needed hiring.
How many recruiters utilize Recruiter.com's web platform and AI-driven job matching?
Over 28,000 recruiters utilize Recruiter.com's web platform and AI-driven job matching technology.
What is the focus of Recruiter.com Group Inc.'s strategic reorganization?
The company focuses on high-margin technology solutions, streamlining operations, and driving value for shareholders through strategic reorganization.
What recent transactions has Recruiter.com Group Inc. engaged in?
Recent transactions include the sale of the healthcare staffing business to Futuris and expansion into financial technology through an acquisition from GoLogiq.
How does Recruiter.com Group Inc. drive success for its shareholders?
Recruiter.com drives success for its shareholders by focusing on high-margin technology solutions and strategic transactions aimed at building back value for shareholders.
What is the core business of Recruiter.com Group Inc.?
Recruiter.com's core business involves empowering businesses to recruit specialized talent faster with virtual teams and AI job-matching technology.
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 of America
NEW YORK