Exhibit 99.1 HireQuest Reports Financial Results for First Quarter 2024 GOOSE CREEK, South Carolina – May 9, 2024 – HireQuest, Inc. (Nasdaq: HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Summary System-wide sales for the first quarter of 2024 decreased to $134.0 million compared to $153.5 million for the same period in 2023. Rick Hermanns, HireQuest's Presiden ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38513 HIREQUEST, INC. (Exact name of registrant as specified in its charter) (State of incorporation or organization) (I.R.S. employer identification no.) Delaware 91-20 ...

Exhibit 99.1 HireQuest Reports Financial Results for Fourth Quarter and Year End 2023 System-wide sales for the fourth quarter of 2023 increased to $143.5 million compared to $127.9 million for the same period in 2022. System-wide sales for full year 2023 were $605.1 million compared to $472.2 million in full year 2022, primarily related to the acquisition of MRINetwork, offset by a general decline in system-wide sales from existing operations. Rick Hermanns, HireQuest's President and Chief Executive Office ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-38513 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (843) 723-7400 Securities registered pursua ...

Hirequest, Inc. (NASDAQ:HQI) Q2 2023 Earnings Conference Call August 10, 2023 4:30 PM ET Company Participants John Nesbett - IR, Institutional Marketing Services Richard Hermanns - Chairman, President & CEO David Burnett - CFO Conference Call Participants Michael Baker - D.A. Davidson & Co. Kevin Steinke - Barrington Research Associates Aaron Edelheit - Mindset Capital Michael Albanese - EF Hutton Operator Greetings, and welcome to the HireQuest Inc. Second Quarter 2023 Earnings Conference Call. [Operator I ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) HireQuest's total revenues increased to $18.8 million due to acquisitions, but net income declined to $4.4 million from $5.3 million due to higher expenses [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to $107.8 million, driven by accounts receivable, while liabilities rose to $45.8 million due to increased line of credit borrowings Consolidated Balance Sheet Highlights (unaudited) | (in thousands) | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total current assets** | $57,869 | $51,930 | | **Total assets** | $107,808 | $103,283 | | **Total current liabilities** | $40,598 | $36,780 | | **Line of credit** | $16,504 | $12,543 | | **Total liabilities** | $45,762 | $45,029 | | **Total stockholders' equity** | $62,046 | $58,254 | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Q2 2023 revenue grew to $9.0 million, but a surge in expenses led to net income from continuing operations dropping to $2.1 million Consolidated Income Statement Summary (unaudited) | (in thousands, except per share data) | Three months ended June 30, 2023 | Three months ended June 30, 2022 | Six months ended June 30, 2023 | Six months ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Total revenue** | $8,990 | $8,000 | $18,848 | $15,045 | | **Income from operations** | $2,665 | $4,256 | $5,981 | $8,147 | | **Net income from continuing operations** | $2,053 | $4,798 | $4,371 | $5,290 | | **Net income** | $2,008 | $4,891 | $4,638 | $5,494 | | **Diluted EPS (Total)** | $0.15 | $0.36 | $0.34 | $0.40 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities reversed to an outflow of $228,000, primarily due to increased accounts receivable, while financing activities used $979,000 Cash Flow Summary (unaudited) | (in thousands) | Six months ended June 30, 2023 | Six months ended June 30, 2022 | | :--- | :--- | :--- | | **Net cash (used in) provided by operating activities** | $(228) | $9,083 | | **Net cash provided by (used in) investing activities** | $229 | $(9,962) | | **Net cash (used in) provided by financing activities** | $(979) | $751 | | **Net decrease in cash** | $(978) | $(128) | | **Cash, end of period** | $2,071 | $1,128 | [Notes to Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail the company's staffing franchisor business, significant 2022 acquisitions, debt refinancing, and discontinued operations - The company operates as a nationwide franchisor of offices providing direct-dispatch, executive search, and commercial staffing solutions under various trade names including 'HireQuest Direct', 'Snelling', and 'MRI'[18](index=18&type=chunk) - In 2022, the company completed four major acquisitions: Temporary Alternatives, The Dubin Group, Northbound Executive Search, and MRINetwork, significantly expanding its operations and franchise base[19](index=19&type=chunk) Franchise Royalties by Business Model (in thousands) | | Three months ended June 30, 2023 | Three months ended June 30, 2022 | Six months ended June 30, 2023 | Six months ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | HireQuest Direct | $3,810 | $4,417 | $7,888 | $7,949 | | Other Brands (HireQuest, Snelling, MRI, etc.) | $4,894 | $2,804 | $10,139 | $5,848 | | **Total** | **$8,704** | **$7,221** | **$18,027** | **$13,797** | - On February 28, 2023, the company entered into a new **$50 million** revolving credit facility with Bank of America, replacing its prior agreement with Truist Bank[107](index=107&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Revenue growth in Q2 2023 was driven by acquisitions, though offset by pre-existing location declines and increased operating expenses [Results of Operations](index=23&type=section&id=Results%20of%20Operations) Q2 2023 revenue grew to $9.0 million due to acquisitions, but operating expenses surged to $6.3 million, causing net income to fall to $2.1 million - Total revenue for Q2 2023 increased **12.4%** to **$9.0 million**, driven by the MRINetwork acquisition, which offset a decrease from pre-existing locations[168](index=168&type=chunk)[169](index=169&type=chunk) - Operating expenses for Q2 2023 increased **68.9%** to **$6.3 million**, primarily due to higher compensation and administrative costs inherited from the MRINetwork acquisition[174](index=174&type=chunk) Reconciliation of Net Income to Adjusted EBITDA (in thousands) | | Three months ended June 30, 2023 | Three months ended June 30, 2022 | Six months ended June 30, 2023 | Six months ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net income** | $2,008 | $4,891 | $4,638 | $5,494 | | **Adjusted EBITDA** | $3,871 | $5,848 | $8,452 | $10,800 | [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) Primary liquidity sources are cash from operations and a $50 million credit facility, with $17.3 million in working capital and $23.2 million available - At June 30, 2023, the company had current assets exceeding current liabilities by **$17.3 million**[215](index=215&type=chunk) - The company entered a new **$50 million** revolving credit facility with Bank of America on February 28, 2023, which matures in 2028. As of June 30, 2023, availability under the facility was approximately **$23.2 million**[223](index=223&type=chunk)[226](index=226&type=chunk) [Key Performance Indicator: System-Wide Sales](index=32&type=section&id=Key%20Performance%20Indicator%3A%20System-Wide%20Sales) System-wide sales increased 30.8% to $157.0 million in Q2 2023, primarily due to the MRINetwork acquisition, despite a decline in pre-existing location sales System-Wide Sales by Brand (in thousands) | | Three months ended June 30, 2023 | Three months ended June 30, 2022 | Change | | :--- | :--- | :--- | :--- | | HireQuest Direct | $62,166 | $64,997 | (4.4)% | | Snelling and HireQuest | $41,909 | $46,162 | (9.2)% | | Northbound, MRI, and SearchPath | $49,236 | $4,910 | 902.8% | | **Total System-wide sales** | **$156,966** | **$120,032** | **30.8%** | - The addition of MRINetwork accounted for **$43.5 million** of the increase in system-wide sales during Q2 2023, while sales from pre-existing locations decreased by approximately **$6.6 million**[233](index=233&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a "smaller reporting company," HireQuest, Inc. is not required to provide the information for this item - The company is a "smaller reporting company" as defined by Rule 12b-2 of the Exchange Act and is not required to provide quantitative and qualitative disclosures about market risk[239](index=239&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were ineffective due to a material weakness in accounting resources, with remediation efforts underway - A **material weakness** in internal control over financial reporting was identified, as the company did not have sufficient accounting resources to handle the volume of technical accounting issues and provide adequate review[241](index=241&type=chunk) - Despite the material weakness, management concluded that the financial statements in this report are fairly presented in all material respects[242](index=242&type=chunk) - Management's remediation plan includes hiring additional accounting staff and engaging third-party professionals to strengthen internal controls[243](index=243&type=chunk) [PART II. OTHER INFORMATION](index=34&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal and administrative proceedings in the normal course of business but does not anticipate any of these to result in material uninsured losses or have a material adverse effect on its financial condition - The company does not expect material uninsured losses to arise from any of its current legal matters[247](index=247&type=chunk) [Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors except for a new risk concerning adverse developments in the financial services industry impacting liquidity - A **new risk factor** has been added regarding adverse developments affecting the financial services industry, citing the recent failures of Silicon Valley Bank (SVB) and Signature Bank[249](index=249&type=chunk) - This **new risk** highlights that instability in the banking sector could impact the company's access to funding, credit, and liquidity, potentially affecting its ability to meet financial obligations[249](index=249&type=chunk)[250](index=250&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities during the period - None [Other Information](index=34&type=section&id=Item%205.%20Other%20Information) There is no other information to report for this item - None [Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications (Exhibits 31.1, 31.2, 32.1) and Inline XBRL documents

HireQuest (HQI) FY 2023 Annual General Meeting June 15, 2023 02:00 PM ET Speaker0Good afternoon. Will the meeting please come to order? My name is Rick Herman, and I am the CEO and Chairman of the Board of HireQuest Inc. Welcome to the twenty twenty three Annual Meeting of the Stockholders. This meeting is being webcast live, and the webcast will be posted on our website after the meeting.An agenda that outlines the order of business is available on the website under meeting information. The matters on whic ...

HireQuest, Inc. (NASDAQ:HQI) Q1 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants John Nesbett - Investor Relations-IMS Rick Hermanns - President and Chief Executive Officer David Burnett - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Matthew Hayes - D.A. Davidson Mike Albanese - EF Hutton Aaron Edelheit - Mindset Capital Operator Good afternoon everybody. And welcome to the HireQuest Incorporated First Quarter 2023 Earnings Call. At this time, all ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-53088 HIREQUEST,INC. (Exact name of registrant as specified in its Charter) (State of incorporation or organization) (I.R.S. employer identification no. Dela ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-53088 HIREQUEST, INC. (Exact name of registrant as specified in its charter) Delaware 91-2079472 (State of incorporation or organization) (I.R.S. employer identification ...