RBC Capital Markets Reit OP; TrueCar (TRUE) Reaffirms Guidance
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TrueCar Reports Record First Quarter 2015 Financial Results
May 7, 2015 4:02 PM EDTRecord first quarter total revenue of $58.6 million; and record first quarter transaction revenue of $54.3 million. Record first quarter Adjusted EBITDA1 of $4.3 million, representing an Adjusted EBITDA margin of 7.3%, up from $1.0 million for the first quarter of 2014, representing an Adjusted EBITDA margin of 2.3%. First quarter Non-GAAP net income2 of $0.1 million, or $0.00 per share, compared to Non-GAAP net loss of $(2.5) million, or $(0.04) per share, in the first quarter of 2014. First quarter net loss of $(11.6) million, or $(0.14) per share, compared to net loss of $(9.9) million, or $(0.17) per share, in the first quarter of 2014. TrueCar users purchased 168,559 units from TrueCar... More
