HyreCar Announces Second Quarter 2020 Results

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HyreCar (HYRE) Misses Q2 EPS by 2c, Revenues Beat

August 13, 2020 4:36 PM EDT

HyreCar (NASDAQ: HYRE) reported Q2 EPS of ($0.22), $0.02 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $5.6 million versus the consensus estimate of $5.05 million.

Second Quarter 2020 Highlights

Revenue was $5.6 million, compared to $3.8 million in 2019, an increase of 47%. This was down a modest 3% sequentially from $5.8 million in the first quarter of 2020.Adjusted EBITDA of ($1.7 million) or... More