Hirequest Inc (OQ:HQI)
Business Focus: Employment Services
| Sector: Industrials | Industry: Employment Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 111 SPRINGHALL DRIVE GOOSE CREEK SC 29445 |
| Tel: | 1-843-7237400 |
| Website: | https://www.hirequest.com |
| IR: | See website |
| Key People | ||
| Richard F. Hermanns Chairman of the Board, President, Chief Executive Officer | Steven G. Crane Chief Financial Officer | Cory Smith Chief Accounting Officer, Treasurer | John D. Mcannar Vice President, Company Secretary, Chief Legal Officer |
| Business Overview |
| HireQuest, Inc. is a franchisor of offices providing direct-dispatch executive search, commercial staffing, and permanent placement solutions. The Company, through its franchisees, provides various types of services through multiple business models under the trade names HireQuest Direct, Snelling, HireQuest, DriverQuest, HireQuest Health, Northbound Executive Search, Management Recruiters International (MRI). HireQuest Direct focuses on daily work/daily-pay jobs primarily for construction and light industrial customers. Snelling and HireQuest focus on longer-term staffing positions in the light industrial and administrative arenas. DriverQuest specializes in both commercial and non-CDL drivers serving a variety of industries and applications. HireQuest Health specializes in skilled personnel in the healthcare and dental industries. Northbound and MRI focus on executive, managerial, and professional recruitment services, although they also offer short-term consultant services. |
| Financial Overview |
| For the nine months ended 30 September 2023, Hirequest Inc revenues increased 15% to $28.1M. Net income before extraordinary items decreased 37% to $6M. Revenues reflect Franchise Royalties increase of 27% to $26.9M. Net income was offset by Selling, general and administrative expe increase from $8.3M to $17.8M (expense), Interest and other financing expense increase from $257K to $1.2M (expense). |
| Employees: | 124 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $182.02M as of Sep 30, 2023 |
| Annual revenue (TTM): | $32.28M as of Sep 30, 2023 |
| EBITDA (TTM): | $13.61M as of Sep 30, 2023 |
| Net annual income (TTM): | $8.48M as of Sep 30, 2023 |
| Free cash flow (TTM): | $3.23M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $14.03M as of Sep 30, 2023 |
| Shares outstanding: | 13,953,151 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.