secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030945
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q3 net income falls 61.5% to $1.6M ($0.12 EPS); rev up 18.1%
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- Franchise royalties rose 19.9% to $8.9M; total revenue $9.3M vs $7.8M a year ago.
- Net income from continuing ops $1.6M ($0.12 diluted EPS) vs $4.1M ($0.30) in Q3 2022.
- Adjusted EBITDA $3.7M vs $6.5M; SG&A surged 201% to $6.4M on $2.8M net workers' comp increase.
- System-wide sales rose to $151.2M from $123.2M, driven by MRINetwork acquisition.
- Company maintains $0.06 quarterly dividend; pending TEC Staffing Services acquisition noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923030945/0001437749-23-030945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774923030945/hqi20231108_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030945

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