HyreCar (HYRE) Misses Q3 EPS by 9c

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HyreCar Announces Third Quarter 2019 Results

November 5, 2019 4:39 PM EST

Revenues Increase 38% to $3.7 Million; Gross Profit Increases 61% to $2.3 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 third quarter ended September 30, 2019.

HyreCars third quarter revenues grew to $3.7 million, even as we continued to improve and expand every aspect of our partnerships and platform, said Joe Furnari, Chief Executive Officer of HyreCar. We have now begun to see the fruit of our dealer initiatives resulting in an accelerated rate of increase of number... More