HireQuest Reports Financial Results for the Fourth Quarter and Full-Year 2020
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HireQuest (HQI) Reports Q4 EPS of $0.10 on Revenues of $3.2M
March 25, 2021 4:23 PM EDTHireQuest (NASDAQ: HQI) reported Q4 EPS of $0.10, versus $0.26 reported last year. Revenue for the quarter came in at $3.4 million, versus $5.4 million reported last year.
Fourth Quarter 2020 Financial Summary
Franchise royalties of $3.2 million compared to $5.4 million in the prior year period, a decrease of 40.2%.Services revenue, including interest paid on aging accounts receivable, of $176,000 compared to $476,000 in the prior year period, a decrease of 63.0%.Total revenue of $3.4 million compared to $5.9 million in the prior year period, a decrease of 42.0%.Net Income was $1.4 million, or $0.10 per diluted share, compared to... More