HireQuest Reports Financial Results for Second Quarter 2022
HireQuest, Inc. (HQI)
Company Research
Source: Accesswire
Q2 2022 Revenue Grows 62.8% YoY to $9.3 millionQ2 2022 Net Income from Continuing Operations Increases 74.9% YoY to $4.8 millionGOOSE CREEK, SC / ACCESSWIRE / August 9, 2022 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the second quarter ended June 30, 2022.Second Quarter 2022 SummaryFranchise royalties increased 32.5% to $7.2 million compared to $5.5 million in the prior year period. Organic royalties, which exclude the effect of acquisitions, increased 40.7% over the prior year period.Staffing revenue from owned locations was $1.3 million.Total revenue increased 62.8% to $9.3 million compared to $5.7 million in the prior year period.Net income from continuing operations increased 74.9% to $4.8 million, or $0.35 per diluted share, compared to net income of $2.7 million, or $0.20 per diluted share in the prior year period.Record adjusted EBITDA of $5.9 million compared
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HQI
News
- 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
- HireQuest Reports Financial Results for Fourth Quarter and Year End 2023 [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