HireQuest Reports Income from Continuing Operations of $3.8 Million, or $0.28 Per Share, for Fourth Quarter of 2019
HireQuest, Inc. (HQI)
Company Research
Source: Business Wire
GOOSE CREEK, S.C.--(BUSINESS WIRE)--HireQuest, Inc. (Nasdaq: HQI), a national provider of back-office and operational support for franchised operators of on-demand and temporary staffing service providers, today reported financial results for the fourth quarter and year ended December 31, 2019.“The $3.8 million in income from continuing operations on total revenue of $5.9 million in the fourth quarter reflects the true earnings and cash generating potential of our business as we turn the page on our transition to a 100% franchise business model,” commented Rick Hermanns, HireQuest’s President and Chief Executive Officer. “On the basis of these results, we believe that our franchise model is self-sustaining and provides us with incremental cash flows to further strengthen our balance sheet. With more than $4 million in cash reserves, zero debt and a cash-flow generative business model, we are well-capitalized and well-positioned to selectively pursue opportunities that may arise in
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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