HireQuest Reports Financial Results for the Second Quarter of 2020
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HireQuest (HQI) Reports Q2 EPS of $0.09
August 11, 2020 4:48 PM EDTHireQuest (NASDAQ: HQI) reported Q2 EPS of $0.09, versus $0.23 reported last year.
Second Quarter 2020 Financial Summary
Franchise royalties of $2.6 million compared to $3.0 million in the prior year period, a decrease of 11.5%. Approximately $570,000 was related to branches acquired in the merger and subsequently converted to our franchise model.Service revenue, including interest paid on aging accounts receivable, of $262,000 compared to $257,000 in the prior year period, an increase of 1.7%.Total revenue of $2.9 million compared to $3.2 million in the prior year period, a decrease of... More