HyreCar (HYRE) Reports Q2 Loss of $0.92; Offers FY18 Revenue Guidance
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HyreCar Reports Second Quarter 2018 Financial Results
August 13, 2018 4:22 PM EDTQ2 2018 Revenues Increase 260% to $2.3 Million; Gross Margins Increase to 47.4%
Company Reaffirms FY 2018 Revenue Guidance of $10 Million; Expects to be Cash Flow Positive by Q2 2019
LOS ANGELES--(BUSINESS WIRE)-- HyreCar Inc. (NASDAQ: HYRE), the car sharing marketplace for ride sharing, today reported financial results and provided a corporate update for the second quarter ended June 30, 2018.
Financial Summary:
 Three Months Ended June 30,  Year-over-Year % Change 2018  2017 Revenues  $2.3 million  $0.6 million 260% Gross Profit $1.1 million $0.1 million 1,391% Gross Profit Margin 47.4% 11.4% 316% Adjusted EBITDA (non-GAAP) (1) $(1.3) million $(0.6) million... More