- intelliHR (IHR) previewed its third quarter results, posting record growth for the quarter to date
- The HR tech company reported reassuring annual revenue of $6.5 million, representing 162% year-over-year growth.
- 92% of third quarter revenue growth was generated by customers outside of Australia
- IHR signed its 300 clients, Miter 10 New Zealand, which is a “significant victory” for the company
- IHR shares are up 21.4% and trading at 17 cents per share
intelliHR (IHR) provided an overview of its third quarter results, posting record growth for the quarter to date.
The HR tech company reported reassuring annual revenue of $6.5 million, representing 162% year-over-year growth, with further conversions expected.
Notably, 92% of third quarter revenue growth was generated by customers outside of Australia.
IHR surpassed 60,000 subscribers for the first time and customers hit the 300 milestone.
During the period, the company signed an agreement with Miter 10 New Zealand for an initial term of three years, with an extension for a further three years, supporting its 7,750 team members.
“Mitre 10 NZ is a very significant win for intelliHR, our 300th customer,” said Executive Chairman Matthew Donovan.
“They are a fantastic company and a household name, with talent and hard work
labor. This underscores the momentum that Rob Bromage and his team have generated in our home region, and not just around the world.
On Monday, the company made changes to its board and senior executives. This included the appointment of Mr. Donovan as Executive Chairman.
In the market today, shares of IHR are up 21.4% and trading at 17 cents per share as of 12:25 p.m. AEDT.
