TrueCar (TRUE) Misses Q2 EPS by 10c; Founder/CEO to Step Down

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Go back to TrueCar (TRUE) Misses Q2 EPS by 10c; Founder/CEO to Step Down

TrueCar Reports Second Quarter 2015 Financial Results

August 6, 2015 4:02 PM EDT

Second quarter total revenue of $65.3 million; transaction revenue of $60.4 million. Second quarter net loss of $(14.7) million, or $(0.18) per share, compared to net loss of $(15.0) million, or $(0.22) per share, in the second quarter of 2014. Second quarter Adjusted EBITDA(1) of $0.5 million, representing an Adjusted EBITDA margin of 0.7%, down from $1.8 million for the second quarter of 2014, representing an Adjusted EBITDA margin of 3.5%. Second quarter Non-GAAP net loss(2) of $(3.8) million, or $(0.05) per share, compared to Non-GAAP net loss of $(1.4) million, or $(0.02) per share, in the second quarter of 2014. TrueCar users purchased 190,358 units from TrueCar Certified Dealers, up 27%... More