HyreCar (HYRE) Misses Q4 EPS by 18c, Revenues Beat

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HyreCar Announces Fourth Quarter and Full-Year 2019 Results

March 25, 2020 4:10 PM EDT

Full-Year Revenues Increase 62% to $15.9 Million; Fourth Quarter Revenues Increase 50% to $4.8 million, up 30% Sequentially; Rental Days increases 35% Sequentially to 197,243 and 61% to 621,201 for the Full-Year

LOS ANGELES--(BUSINESS WIRE)-- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today reported financial results and provided a corporate update for the fourth quarter and year ended December 31, 2019.

Full Year 2019 Financial Highlights

Revenue was $15.9 million, compared to $9.8 million in 2018, an increase of 62%. Net Loss of ($12.4) million and earnings per share of... More