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Hiremii reports record FY23; launches "AI copilot"

Listed recruitment tech and labour hire company Hiremii has reported 82% revenue growth during FY23, while reducing its net loss by 45%.

In Hiremii's energy and resources recruitment subsidiary Inverse Group, acquired in November 2021, cash receipts increased by 77% year-on-year, with 95% recurring revenue from long-term contractors, its report to the ASX says.

Gross profit improved by 109% to $2.4m for the year, and gross margin percentage was 11.4% (FY22: 9.9%), due to increased permanent placements...