secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001437749-23-013924
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q1 2023 revenue up 40% to $9.9M; net income from continuing ops up 372% to $2.3M
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- Franchise royalties increased 41.8% YoY to $9.3M; system-wide sales up 52% to $153.5M.
- Net income from continuing ops $2.3M ($0.17 diluted EPS) vs $0.5M ($0.04) prior year, up 372%.
- Adjusted EBITDA $4.6M, down from $5.3M due to $1.6M increase in SG&A from MRI acquisition.
- Quarterly cash dividend maintained at $0.06 per share; intends to continue quarterly dividends.
- Total assets $110.6M, cash $8.2M; $19.1M available under line of credit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923013924/0001437749-23-013924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923013924/hqi20230511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013924

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer