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HireQuest, Inc. reported financial results for the first quarter of 2024, showing a decrease in franchise royalties, total revenue, and income from operations. Adjusted EBITDA also decreased, while SG&A expenses were slightly lower. The company's President discussed economic challenges impacting the U.S. staffing market and strategies to address them. Despite the tough environment, HireQuest remains confident in its business model and expects increased demand for temporary staffing in the upcoming quarters.
HireQuest, Inc. (Nasdaq: HQI) will hold a conference call on May 9, 2024, to discuss its Q1 2024 financial results. The call will cover key financial metrics, future outlook, and strategic initiatives.