HyreCar (HYRE) Tops Q3 EPS by 3c

Go back to HyreCar (HYRE) Tops Q3 EPS by 3c

HyreCar Announces Third Quarter 2020 Results

November 11, 2020 4:01 PM EST

Revenue increased 83% to $6.8 million and Adjusted EBITDA improved by $2.0 Million to ($1.6 Million) from last year; Rental days grew to over 273,000 in Q3 2020 from 231,000 in Q2 2020.

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 Third Quarter ended September 30, 2020.

HyreCars Third Quarter revenues grew 83%, year-over-year, and up 21% sequentially, to $6.8 million, said Joe Furnari, Chief Executive Officer of HyreCar. The third quarter validated our business model in a post-COVID... More