Artko Capital - HireQuest: Lucrative Franchise Economics Despite Jittery Performance [Seeking Alpha]
HireQuest, Inc. (HQI)
Company Research
Source: Seeking Alpha
2023 was a kitchen sink year where a combination of factors made for some jittery stock performance. We believe HQI will come out of 2023 with an efficient, sub-$20mm expense base. The following segment was excerpted from this fund letter. HireQuest ( NASDAQ: HQI HireQuest, the company, had a bit of a mixed bag fundamental year with mostly positive results. HireQuest, the stock, had a flat 2023. However, with an up/down 80.0% round trip, it remains substantially above our original purchase prices. A combination of cyclical labor market fears and challenges in absorbing a large acquisition resulted in a disappointing year for this investment. The company, which had a great 2022 with revenues up 67.0% for the nine months ended on September 30th, 2022, grew its 2023 first nine-month revenues by 23.0%. More importantly, its Franchise Royalties, which account for most of the profit, increased almost 27.0% for those nine months, though that number is mostly due to the MRI acquisi
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HQI
News
- HireQuest, Inc. to Hold First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- HireQuest, Inc. to Hold First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024Accesswire
- With 43% ownership, HireQuest, Inc. (NASDAQ:HQI) insiders have a lot at stake [Yahoo! Finance]Yahoo! Finance
- HireQuest, Inc. (NASDAQ: HQI) had its price target lowered by analysts at Barrington Research from $21.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
- Earnings Beat: HireQuest, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
HQI
Earnings
- 3/21/24 - Beat
HQI
Sec Filings
- 4/29/24 - Form DEF
- 4/2/24 - Form 4
- 3/27/24 - Form 4
- HQI's page on the SEC website