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HireQuest Reports Financial Results for Fourth Quarter and Full Year 2024

1. HQI's franchise royalties fell 14% to $7.6 million in Q4 2024. 2. This decline indicates potential challenges in HQI's revenue generation.

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$13.4403/27 04:21 PM EDTEvent Start
$12.2203/28 10:47 PM EDTLatest Updated
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FAQ

Why Bearish?

The 14% drop in franchise royalties suggests weakening demand. Historical examples show similar declines have adversely impacted stock performance.

How important is it?

The downturn in franchise royalties directly affects HQI's revenue, highlighting immediate investor concerns.

Why Short Term?

The significant reduction in royalties is likely to reflect in the stock price soon. Past events have shown rapid shifts following poor quarterly results.

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RIGKFYMAN
GOOSE CREEK, SC / ACCESS Newswire / March 27, 2025 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Summary Franchise royalties decreased 14.0% to $7.6 million compared to $8.9 million in the prior year period.

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