https://www.sisminvestors.com/en_us/recruiter-com-group-inc/1Q2022 Key Highlights:
✓ YoY growth of 117% at $6.9 million vs. $3.2 million and 100% organic. Gross margins improved significantly from 28.74% to 39.17%. The increased gross margin is an attribution to the ongoing mix shift to faster-growing, higher-margin segments.
✓ Strong growth rate YoY (339.4%) for Recruiters on Demand services ($4.2 million sales), the largest revenue segment (61.2%) of total sales and strong growth rate for high margin Software Subscriptions business from $0 to 697,000 and (10.1%) of total sales. For the 2021 year, revenues grew to $22.2M up 161% for the year.
✓ Stockholders equity ‘s as of March 31, 2022 is 13.7 million or $0.92 per share. For FY2022 we estimate $36.3 million in revenue, at an enterprise value of $19.21 million. RCRT is trading an EV/2022 Sales of 0.52 times compared to more then 3 times of its peer.
✓ RCRT revenue mix continues to higher revenues and cash flow breakeven implementing a strict cost control to reach its goal to become EBITDA breakeven starting in 3Q2022.
✓ Because of the current low valuation at only 1.2x book value and 0.52x EV/2022 Sales we believe growth, expanding margins, EBITDA positive during H2 2022 and a potential of M&A could cause price appreciation. For more info go to