TrueCar (TRUE) Reports In-Line Q1 EPS; Guides Modestly Below the Street
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TrueCar Reports First Quarter 2016 Financial Results
May 5, 2016 4:10 PM EDTFirst quarter total revenue up 6% from a year ago to $61.9 million; transaction revenue of $57.4 million, up 6% year over year.Net loss of $(11.7) million, or $(0.14) per share, compared to net loss of $(11.6) million, or $(0.14) per share, in the first quarter of 2015.First quarter Non-GAAP net loss(1)Â of $(5.5) million, or $(0.07) per share, compared to Non-GAAP net income of $0.1 million, or $0.00 per share, in the first quarter of 2015.First quarter Adjusted EBITDA(2)Â of $1.1 million, representing an Adjusted EBITDA margin of 1.7%, compared to Adjusted EBITDA of $4.3 million, representing an Adjusted EBITDA margin of 7.3%, in the first quarter of... More
