HireQuest Q3 net loss $2.2M on $6M impairment; adjusted EPS $0.20 beats year-ago $0.16

HireQuest, Inc.

2024-Q3 EPS reported $0.10 revenue$26,515,000

Total revenue grew 1.6% to $9.4M; franchise royalties up 0.9% to $9.0M.
Net loss of $(2.2M) or $(0.16)/diluted share includes $6M non-cash impairment on MRINetwork.
Adjusted net income rose to $2.8M ($0.20/diluted), up from $2.2M ($0.16) in Q3 2023.
Adjusted EBITDA was $4.9M vs $3.7M a year ago; SG&A down 15.3% to $5.4M.
Quarterly dividend maintained at $0.06/share; $26.9M available on credit line.

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