secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001437749-24-033910
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774924033910/0001437749-24-033910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774924033910/hqi20241107_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033910

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