secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001437749-25-015493
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q1 revenue down 11.2% to $7.5M; EPS $0.10 vs $0.12
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- Franchise royalties fell 11.2% to $7.0M; total revenue $7.5M (-11.2% YoY).
- Net income $1.4M ($0.10 diluted) vs $1.6M ($0.12); adjusted net income $1.8M ($0.13).
- Adjusted EBITDA $2.8M vs $3.4M; system-wide sales $118.4M (-11.7%).
- CFO Steve Crane retired; David Hartley appointed as new CFO.
- Quarterly dividend maintained at $0.06 per share; line of credit availability $34.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774925015493/0001437749-25-015493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774925015493/hqi20250508_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-015493

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