HyreCar (HYRE) Reports Q3 Loss of $0.15

HyreCar Reports Third Quarter 2018 Financial Results; Revenue Increases 224% to $2.7 Million; Gross Profit Margin Expands Significantly to 54.0%

November 8, 2018 4:05 PM EST

FY 2018 Revenues Expected to Range Between $9.75-$10.25 Million; Gross Profit Expected to Range Between $4.5-$5.0 Million

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 third quarter ended September 30, 2018.

Financial Summary:

Three Months Ended
September 30,

Year-over-Year % Change 2018 2017 Revenues $2.7 million $0.8 million 224.3% Gross Profit $1.5 million $0.1 million 1,144% Gross Profit Margin 54.0% 14.1% 283.8% Net Loss $(1.8) million $(1.3) million (38.0%) Earnings per Share (Fully-Diluted) $(0.15) $(0.28) 46.4%... More