San Diego, CA -- (SBWIRE) -- 12/12/2023 -- HireQuest, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of HireQuest, Inc. (NASDAQ: HQI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by HireQuest, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Goose Creek, SC based HireQuest, Inc. provides temporary staffing solutions in the United States. On November 8, 2023, HireQuest, Inc. announced its financial results for its third quarter ("Q3") of 2023. Among other results, HireQuest reported Q3 GAAP earnings-per-share of $0.12, missing consensus estimates by $0.05. Commenting on these results, HireQuest's President and Chief Executive Officer Rick Hermanns disclosed that "[o]ur bottom line was again negatively impacted by workers compensation expense which had a net increase of $2.8 million compared to [Q3] 2022" and that "[w]e're working with our partners in this area to adjust our plan to better reflect our business as it stands today and reduce its impact in the future, however no meaningful improvement can be expected until the second quarter of next year." Shares of HireQuest, Inc. (NASDAQ: HQI) declined from $29.38 per share in June 2023 to as low as $12.49 per share on November 13, 2023.

Those who purchased shares of HireQuest, Inc. (NASDAQ: HQI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.