secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001437749-24-015670
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q1 revenue falls 14.6% to $8.4M; diluted EPS down to $0.12 from $0.17
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774924015670/0001437749-24-015670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774924015670/hqi20240509_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015670

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