December 2024 Quarterly Activities and Cashflow Reports
| Stock | Hiremii Ltd (HMI.ASX) |
|---|---|
| Release Time | 29 Jan 2025, 8:17 a.m. |
| Price Sensitive | Yes |
Hiremii reports Q2 FY25 results, highlights AI platform progress
- Hiremii's AI platform deployed for global renewables client
- Pipeline continues to grow in Energy Transition with UK clients
- Stage 2 of Product roadmap completed, early delivery of AI platform in Q3 FY25
Hiremii Limited (ASX:HMI), an AI technology company, has reported its Q2 FY25 results, highlighting key achievements and progress on its strategic initiatives. The company reported revenue of $7.5m for the quarter, a 0.4% increase on the prior comparative period (Q2 FY24: $7.4m), despite the impact of a contract completion at a key client in the previous quarter. Gross profit for the quarter was $0.710m, consistent with the prior year. The company maintained positive cash from operating activities of $0.124m, further reinforcing its financial position. Hiremii's proprietary, AI-driven platform has now been deployed for a fast-growing, global renewables client, marking a key milestone in the commercialization of the technology. The company's pipeline in the Energy Transition segment, particularly in the UK, continues to grow, setting the stage for revenue growth and improved margins in the second half of the year. The second stage of Hiremii's FY25 Product Roadmap has been completed, introducing new features such as 'embeddable' job board functionality and candidate quick apply capabilities. The upcoming Stage Three release will introduce Hiremii's innovative AI Shortlist matching technology, further enhancing the customer experience and operational efficiency.
The company is well-positioned for continued growth and success, with its technology gaining traction, a strengthening presence in the UK energy market, and a robust pipeline for the second half of the year.