HireRight reports higher revenue, lower profit for Q2
HireRight, Inc. (Nasdaq: HIRE), a maker of employment screening software, announced after the closing bell that its second-quarter revenue increased 19.7% to $16.8 million, from $14 million a year earlier. Net income for the three months ended July 30 was $1.9 million, or $0.11 per diluted share, down 21% from $2.4 million, or $0.16 per diluted share, during the same period of 2006.
A $1.3 million income tax expense, compared with $0.1 million a year earlier, caused the disparity in net income. Quarterly gross profit rose 27% to $9.4 million from $7.4 million in the prior-year quarter.
Shares of the small cap are flat in after-hours trading.
