Recruiter.com Group, Inc. Warrant - RCRTW STOCK NEWS

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) will host a conference call on November 14 at 4:30 PM EST to discuss its third quarter financial results for 2022. The results will be released at approximately 4:00 PM EST. The call will feature insights from Chairman and CEO Evan Sohn, alongside other executives. Interested participants can register for the webcast or join by phone. The webcast recording will be available for 90 days on the company’s investor page.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) announced a strategic reorganization aimed at enhancing shareholder value. Key measures include a 30% reduction in operating expenses through workforce optimization, with a significant headcount reduction and executive compensation cut. The company anticipates approximately $250,000 in monthly savings. Focusing on high-margin services like Recruiters on Demand, Recruiter.com aims to strengthen profitability and capitalize on growing demand in the talent acquisition sector.

Recruiter.com Group announced a $2.25 million financing deal with Montage Capital, aimed at accelerating its on-demand recruiting services. This financing, carrying a 12.75% interest rate and interest-only payments until July 2023, is a strategic move to avoid immediate equity dilution and enhance shareholder value. The company plans to leverage these funds for automation and operational purposes. This partnership emphasizes Montage Capital's belief in Recruiter.com's growth potential, supported by the issuance of 706,551 warrants at a $2.00 exercise price.

Recruiter.com Group (NASDAQ:RCRT, NASDAQ:RCRTW) has partnered with Velocity Global, enhancing its recruitment solutions amid an evolving job market. This partnership aims to break geographical barriers, enabling companies to tap into a broader talent pool. Velocity Global offers support for international workforces in over 185 countries, streamlining hiring processes, onboarding, and payroll management. The CEOs of both companies emphasize the collaboration's potential to increase productivity and meet diverse hiring needs, particularly in major LATAM markets.

Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) unveiled Recruiter.com Shortlist on September 13, 2022. This innovative service aims to streamline hiring by providing companies with a curated list of ten qualified candidates, significantly reducing recruitment time and costs. CEO Evan Sohn emphasized the potential for businesses to save both time and money with this fixed-price service. The solution caters to a growing number of job openings, addressing the challenges employers face in finding suitable talent.

Recruiter.com (NASDAQ:RCRT, RCRTW) reported a robust second quarter of 2022, with revenues of $7.1 million, marking a 62% year-over-year increase. Gross profit surged 107% to $2.9 million, resulting in a gross margin expansion to 41.2%. The company experienced a 161% revenue boost in its Recruiters on Demand segment and aims to achieve positive adjusted EBITDA by year's end. However, operating expenses rose 36% to $5.3 million, and the company posted a net loss of $1.2 million, a significant decline from a net income of $3.5 million in Q2 2021.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) has announced a conference call to discuss its second-quarter financial results on August 15, 2022. The financial results will be released at 4:00 p.m. EDT, followed by a live call at 4:30 p.m. EDT. This event will feature key executives including CEO Evan Sohn and CFO Judy Krandel, highlighting operational and financial performance. Investors can register for the webcast and access details through the company's investor relations page, with a recording available for 90 days.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) has announced an upcoming Annual Meeting of Stockholders scheduled for July 28, 2022, at 11:00 am ET. Shareholders of record as of May 31, 2022 are reminded to participate and cast their votes. Complete meeting materials and proxy forms are available here. It is encouraged to vote early to ensure shares are represented. The company offers on-demand recruiting solutions and aims to provide businesses with innovative hiring strategies.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) announced a webinar titled "Growing Your Remote Business: Strategies to Expand Global Teams." Scheduled for July 14, 2022, at 1 PM EST, this event will feature insights from Josh Ramsey of Recruiter.com and Eryn Marshall from Oyster, a global employment platform. The discussion aims to explore strategies for hiring remotely and accessing top talent globally. Recruiter.com specializes in scalable recruiting solutions, targeting diverse business needs.