HyreCar (HYRE) Misses Q4 EPS by 18c, Revenues Miss; Offers Q1 Revenue Mid-Point Guidance Above Consensus
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HyreCar Reports Record Fourth Quarter and Full Year 2018 Financial Results
March 28, 2019 4:05 PM EDTQ4 2018 Revenues Increase 138% to Record $3.1 Million; Gross Profit to Record $1.7 Million
LOS ANGELES--(BUSINESS WIRE)-- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, today reported financial results and provided a corporate update for the fourth quarter and full year ended December 31, 2018.
Financial Summary:
Three Months EndedDecember 31,
Year-over-
Year % Change
2018 2017 Net Revenues $3.1 million $1.3 million 138% Gross Profit $1.7 million $0.1 million 1600% Gross Profit Margin 54.6% 6.8% 703% Net Loss $(2.6) million $(1.3) million (100%) Earnings per Share (Fully-Diluted) $(0.31) $(0.28) (11%)... More