HireQuest Q3 net income from cont ops up 29.9% YoY to $4.1M; royalties +13.7%

HireQuest, Inc.

2022-Q3 EPS reported $0.71 revenue$26,794,000

Franchise royalties rose 13.7% YoY to $7.4M; excluding acquisitions, up 7.3%.
Net income from continuing operations $4.1M ($0.30 diluted EPS) vs $3.2M ($0.23).
Adjusted EBITDA $6.6M vs $5.3M in prior-year quarter.
System-wide sales $123.2M, up from $101.9M in Q3 2021.
Declared quarterly cash dividend of $0.06 per share, subject to board discretion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HireQuest, Inc. reported the nine months ended September 30, 2022 results: revenue $26.8 million, net income $9.5 million, EPS $0.69 per diluted share.

Period: the nine months ended September 30, 2022
Revenue: $26.8 million
Net income: $9.5 million
EPS: $0.69 per diluted share
Result: reported results

Exact text from the filing

was $1.7 million compared to $741 thousand in the prior-year period. Staffing revenue from owned locations for the 2022 year-to-date period was $3.9 million. Total revenue was $26.8 million compared to $16.0 million in the same year-ago period, an increase of 67.6%. Gross profit in the first nine months of 2022 was $24.0 million compared to $16.0 million in the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HireQuest, Inc. reported the third quarter ended September 30, 2022 results: revenue $9.4 million, net income $4.1 million, EPS $0.30 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $9.4 million
Net income: $4.1 million
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

was $429 thousand compared to $341 thousand in the prior-year quarter. Staffing revenue from owned locations was $1.5 million. Total revenue in the third quarter of 2022 was $9.4 million compared to $6.9 million in the year-ago quarter, an increase of 36.0%. Gross profit in the third quarter of 2022 was $8.2 million compared to $6.9 million in the year-ago

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Source: SEC EDGAR

accession 0001437749-22-025755

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