Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
HireQuest, Inc. reported the first quarter ended March 31, 2024 results: revenue $8.4 million, net income $1.7 million, EPS $0.12 per diluted share.
- Period
- the first quarter ended March 31, 2024
- Revenue
- $8.4 million
- Net income
- $1.7 million
- EPS
- $0.12 per diluted share
- Result
- reported results
Exact text from the filing
First Quarter 2024 Summary ● Franchise royalties decreased 16.0% to $7.8 million compared to $9.3 million in the prior year period. ● Total revenue decreased 14.6% to $8.4 million compared to $9.9 million in the prior year period. ● Selling, general and administrative (“SG&A”) expenses were $5.6 million, a decrease of 3.9% compared to $5.8 million in the prior year period. Excluding net workers’ compensation expense of $572,000 and MRI ad fund expense of $101,000, SG&A for the quarter would have decreased 12.6%. ● Income from operations decreased 36.6% to $2.1 million compared to $3.3 million in the prior year period. ● Net income from continuing operations was $1.7 million, or $0.12 per diluted share, a decrease of 27.0% compared to net income from continuing operations of $2.3 million, or $0.17 per diluted share in the prior year period.
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