{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-015670","form_type":"8-K","ticker":"HQI","cik":"0001140102","company_name":"HireQuest, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.437774+00:00","generated_at":"2026-06-02T04:53:11.890885+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"HireQuest Q1 revenue falls 14.6% to $8.4M; diluted EPS down to $0.12 from $0.17","bullets":["Franchise royalties decreased 16.0% to $7.8M vs $9.3M in Q1 2023.","Net income from continuing ops $1.7M ($0.12 diluted EPS) vs $2.3M ($0.17) year-over-year.","Adjusted EBITDA declined to $3.4M from $4.6M; system-wide sales $134M vs $153.5M.","Company paid $0.06 quarterly dividend and intends to continue at that rate; expects seasonal increase in Q2/Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-015670","json":"https://secwatch.observer/filing/0001437749-24-015670.json","markdown":"https://secwatch.observer/filing/0001437749-24-015670.md","text":"https://secwatch.observer/filing/0001437749-24-015670.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140102/000143774924015670/0001437749-24-015670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140102/000143774924015670/hqi20240509_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:53:11.890885+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e593d63de24ff4d76f3b0481e86951564c5973db","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140102/000143774924015670/0001437749-24-015670-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$8.4 million"},{"label":"Net income","value":"$1.7 million"},{"label":"EPS","value":"$0.12 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}