secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001437749-23-023024
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q2 revenue +12% to $9.0M, net income -57% to $2.1M ($0.15 EPS)
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- Franchise royalties rose 20.5% to $8.7M from $7.2M; system-wide sales $157M vs $120M.
- SG&A surged 74.5% to $5.6M on MRI acquisition costs and $690K workers' comp charge.
- Adjusted EBITDA fell to $3.9M from $5.8M; net income $0.15 diluted EPS vs $0.35.
- Cash $2.1M, credit line availability $23.2M; quarterly dividend maintained at $0.06/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923023024/0001437749-23-023024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923023024/hqi20230810_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023024

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