Key points
- Revenue up 5.6% to $15.2m, gross profit up 4.4% to $1.53m
- Hiremii AI platform deployed for global renewables client, pipeline growing in Energy Transition
- Stage 2 of product roadmap completed, Stage 3 with AI Shortlist matching in development
Full summary
Hiremii Limited reported a 5.6% increase in revenue to $15.2m and a 4.4% rise in gross profit to $1.53m for the half-year ended 31 December 2024, despite the impact of a contract completion at a key client in the first quarter. The company made significant progress on its AI-driven recruitment platform, deploying it for a fast-growing global renewables client, a key milestone in commercializing the technology. Hiremii's Energy Transition segment also gained momentum, particularly with work sourced in the UK. The company completed Stage 2 of its FY25 Product Roadmap, enhancing the candidate experience with features like a 'Quick Apply' pathway and 'embeddable' job board functionality. Development of the transformative Stage 3 release, featuring Hiremii's innovative AI Shortlist matching technology, is progressing ahead of schedule. Hiremii raised $600,000 in a capital raise at a 30% premium to support continued platform development, recruitment service expansion, and general working capital.
Outlook
Hiremii sees opportunities for future revenue growth from increases in active recruited contractors at its clients and new revenue from technology solutions. The diversified client base of over 50 active top tier clients provides significant potential for the technology platform and contractor growth. Energy Transition continues to be a good opportunity for industry growth, and Hiremii's technology platform is expanding in the domain of generative AI for candidate acquisition and placement.