HyreCar (HYRE) Misses Q2 EPS by 2c, Revenues Beat
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HyreCar Announces Second Quarter 2020 Results
August 13, 2020 4:05 PM EDTRevenue increases 47% to $5.6 million and Adjusted EBITDA improves by $1.6M sequentially from the first quarter
LOS ANGELES--(BUSINESS WIRE)-- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and delivery, today reported financial results and provided a corporate update for the second quarter ended June 30, 2020.
HyreCars second quarter revenues grew 47%, year-over-year, and down modestly sequentially, to $5.6 million. For a quarter that included our lowest rental weeks, and the full effect of the nation's COVID shutdown, we believe that this shows the leverage and growth capabilities of HyreCars... More
