HireQuest Reports Financial Results for Fourth Quarter and Year End 2023 [Yahoo! Finance]
HireQuest, Inc. (HQI)
Company Research
Source: Yahoo! Finance
commercial staffing services, today reported financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Summary Franchise royalties increased 15.9% to $8.9 million compared to $7.7 million in the prior year period. Total revenue increased 21.3% to $9.8 million compared to $8.0 million in the prior year period. Total revenue in Q4 2023 includes $515,000 of advertising fund revenue for MRINetwork. Selling, general and administrative ("SG&A") expenses increased 40.2% to $6.6 million compared to $4.7 million in the prior year period. The increase in SG&A is primarily due to a $1.2 million net increase in workers' compensation expense, the inclusion of MRINetwork's advertising fund expenses of $515,000, as well as increased expenses to support growth in system-wide sales as a result of organic growth and acquisitions. Excluding workers' compensation, impairment of notes receivable, and MRINetwork's advertising fund, SG&A for the quarter would hav
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HQI
News
- 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
- HireQuest, Inc. (NASDAQ: HQI) had its price target lowered by analysts at DA Davidson from $25.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
- HireQuest, Inc. (NASDAQ:HQI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
HQI
Earnings
- 3/21/24 - Beat
HQI
Sec Filings
- 4/2/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- HQI's page on the SEC website