HireQuest Reports Financial Results for Third Quarter 2022
HireQuest, Inc. (HQI)
Company Research
Source: Accesswire
Q3 2022 Royalty Revenue Grows 13.7% YoY to $7.4 millionQ3 2022 Net Income from Continuing Operations Increases 29.9% YoY to $4.1 millionGOOSE CREEK, SC / ACCESSWIRE / November 3, 2022 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the third quarter ended September 30, 2022.Third Quarter 2022 SummaryFranchise royalties increased 13.7% to $7.4 million compared to $6.5 million in the prior year period. Excluding acquisitions made in 2022, franchise royalties increased 7.3%.Staffing revenue from owned locations was $1.5 million.Gross profit increased 19.7% to $8.2 million compared to $6.9 million in the prior year period.Net income from continuing operations increased 29.9% to $4.1 million, or $0.30 per diluted share, compared to net income from continuing operations of $3.2 million, or $0.23 per diluted share in the prior year period.Adjusted EBITDA of $6.6 million compared
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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