secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001437749-24-008858
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q4 net income down 82% to $0.03 EPS; full-year EPS $0.47 vs $0.87
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- Revenue Q4 $9.8M (+21.3% YoY); franchise royalties $8.9M (+15.9%).
- Net income continuing ops Q4 $467K ($0.03 diluted) vs $2.6M ($0.19) prior year – down 82%.
- Full-year 2023 net income $6.1M ($0.47 diluted) vs $12.5M ($0.87) – down 51%.
- SG&A surged 40% in Q4 led by $1.2M workers' comp; full-year workers' comp $3.7M vs net benefit of $1.9M.
- Acquired TEC Staffing Services in Q4; MRINetwork integration near complete; quarterly dividend $0.06.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774924008858/0001437749-24-008858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774924008858/hqi20240321_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-008858

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