ZipRecruiter(ZIP)2023-02-27 22:27Financial Performance - For the year ended December 31, 2022, the company reported revenue of 741.1 million in 2021[30] - Net income for 2022 was 3.6 million in 2021, indicating significant profitability growth[30] - Adjusted EBITDA for 2022 was 108.3 million in 2021, reflecting improved operational efficiency[30] User Engagement - The company engaged over 42 million Active Job Seekers in 2022, highlighting a robust user base[44] - The technology utilized by the company processes billions of user interactions, enhancing the quality of job matches over time[44] - The brand awareness among U.S. employers and job seekers exceeds 80%, showcasing strong market presence[44] Workforce and Culture - The company employs over 1,400 individuals across multiple countries, emphasizing its commitment to human capital[46] - The company has a metrics-driven culture, focusing on quantitative operating goals to drive performance[44] Technology and Investment - The company has invested in technology capabilities to build a category-defining marketplace for job seekers and employers[50] Risk Management - The company is subject to evolving data privacy laws, which may impact its operations and compliance costs[53] - The company is subject to interest rate risk related to its credit facility, which currently has no outstanding amounts, indicating no material exposure to interest rate changes[380] - A hypothetical 10% change in interest rates would not have materially impacted the company's consolidated financial statements[380] - The company maintains a diversified portfolio of cash equivalents and marketable securities to minimize interest rate risk, including U.S. government securities and corporate debt[382] - A hypothetical increase in interest rates of 100 basis points would result in a $1.3 million decrease in the fair value of the investment portfolio[382] - The company is exposed to foreign currency risk primarily from expenses in Canadian Dollar, British Pound, and Israeli New Shekel[383] - Fluctuations in foreign exchange rates could impact the company's net income due to transaction gains and losses[383] - A hypothetical 10% change in foreign currency exchange rates would not have materially impacted the company's consolidated financial statements[383]