HireQuest Reports Income from Continuing Operations of $3.8 Million, or $0.28 Per Share, for Fourth Quarter of 2019

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Go back to HireQuest Reports Income from Continuing Operations of $3.8 Million, or $0.28 Per Share, for Fourth Quarter of 2019

HireQuest (HQI) Reports Q4 EPS of $0.28

March 30, 2020 6:05 AM EDT

HireQuest (NASDAQ: HQI) reported Q4 EPS of $0.28. Revenue for the quarter came in at $5.9 million.

Fourth Quarter 2019 Financial Summary

Franchise royalties increased 65.8% to $5.4 million compared to the quarter ended December 31, 2018. Of this increase, 26.2% related to branches acquired in the merger and subsequently sold and converted to our franchise model.Services revenue, which includes interest paid on aging accounts, increased 69.8% to $476,000 over the same period last year. Of this increase, 1.2% was merger... More