HireQuest reports Q4 revenue down 17.2%; full-year net income $3.7M vs $6.1M

HireQuest, Inc.

Q4 franchise royalties $7.6M, down 14.0%; total revenue $8.1M, down 17.2% YoY.
Full-year revenue $34.6M, down 8.7%; net income $3.7M ($0.26 diluted) vs $6.1M ($0.45).
Workers' comp expense fell to $2.0M from $3.7M; SG&A down 12.4% to $21.4M.
Non-cash impairment charge of $6.0M in Q3 related to MRINetwork goodwill.
Quarterly dividend maintained at $0.06/share; line of credit availability $33.4M.

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