HyreCar (HYRE) Misses Q3 EPS by 9c

HyreCar (NASDAQ: HYRE) reported Q3 EPS of ($0.20), $0.09 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $3.7 million versus the consensus estimate of $4.09 million.

“HyreCar’s third quarter revenues grew to $3.7 million, even as we continued to improve and expand every aspect of our partnerships and platform,” said Joe Furnari, Chief Executive Officer of HyreCar. “We have now begun to see the fruit of our dealer initiatives resulting in an accelerated rate of increase of number of cars being added to the platform.”

“Building car capacity and scaling dealer relationships were the main themes of our dealer initiatives in the third quarter, as evidenced by approximately 300 commercial accounts who have listed more than 4,300 cars on our platform. As we grow larger commercial accounts we will be able to match our growing driver demand with qualified car inventory, which is projected to grow substantially in the future.”

For earnings history and earnings-related data on HyreCar (HYRE) click here.

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