HireQuest Q4 revenue up 23% to $8.0M, net income up 21%, acquires MRINetwork assets

HireQuest, Inc.

Q4 franchise royalties $7.7M (+26.4% YoY); total revenue $8.0M (+23.1%).
Q4 net income from continuing ops $2.6M ($0.19 diluted EPS) vs $2.2M ($0.16) YoY.
Full year 2022 franchise royalties $28.9M (+35.6%); total revenue $31.0M (+37.4%).
Acquired certain assets of MRINetwork, adding over 200 franchise offices globally.
Paid Q1 2023 dividend $0.06/share on March 15; intends quarterly dividend subject to board.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

HireQuest, Inc. reported fourth quarter ended December 31, 2022 results: revenue $8.0 million, net income $2.6 million, EPS $0.19 per diluted share.

Period: fourth quarter ended December 31, 2022
Revenue: $8.0 million
Net income: $2.6 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

31, 2022. Fourth Quarter 2022 Summary ● Franchise royalties increased 26.4% to $7.7 million compared to $6.1 million in the prior year period. ● Total revenue increased 23.1% to $8.0 million compared to $6.5 million in the prior year period. ● Income from operations increased 68.4% to $2.8 million compared to $1.7 million in the prior year period. ● Net income from

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

HireQuest, Inc. reported year ended December 31, 2022 results: revenue $31.0 million, net income $12.0 million, EPS $0.87 per diluted share.

Period: year ended December 31, 2022
Revenue: $31.0 million
Net income: $12.0 million
EPS: $0.87 per diluted share
Result: reported results

Exact text from the filing

Full Year 2022 Summary ● Franchise royalties increased 35.6% to $28.9 million compared to $21.3 million for full year ended December 31, 2021. ● Total revenue increased 37.4% to $31.0 million compared to $22.5 million in the prior year period. ● Income from operations increased 109.6% to $16.0 million compared to $7.7 million in the prior year period. ● Net income

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HireQuest, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-006890

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