UPDATE: TrueCar (TRUE) Reports In-Line Q2 EPS, Revenues In-Line; Offers FY18 Revenue Mid-Point Outlook Above Consensus

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Go back to UPDATE: TrueCar (TRUE) Reports In-Line Q2 EPS, Revenues In-Line; Offers FY18 Revenue Mid-Point Outlook Above Consensus

TrueCar Reports Second Quarter 2018 Financial Results

August 9, 2018 4:05 PM EDT

Second quarter total revenue up 7% from a year ago to $87.9 million.Second quarter net loss of $(6.6) million, or $(0.07) per share, compared to net loss of $(8.1) million, or $(0.09) per share, in the second quarter of 2017.Second quarter Non-GAAP net income(1) of $3.2 million, or $0.03 per share, compared to Non-GAAP net income of $1.1 million, or $0.01 per share, in the second quarter of 2017.Second quarter Adjusted EBITDA(2) of $8.7 million, representing an Adjusted EBITDA margin(3) of 9.9%, compared to Adjusted EBITDA of $7.4 million, representing an Adjusted EBITDA margin of 9.0%, in the second quarter of 2017.Units(4) were 250,269 in the... More