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HQI - HireQuest: Declining Revenue Keeps Me Waiting On The Sidelines
HireQuest, Inc.
2024-05-14 06:43:22 ET
Summary
HireQuest and other staffing companies are facing severe industry headwinds.
Despite a sharp decline in revenue, HireQuest remains strongly profitable due to its asset-light model.
The challenging environment for staffing companies could produce attractive acquisition targets as HireQuest opportunistically leverages its balance sheet strength.