HyreCar (HYRE) Reports In-Line Q1 EPS

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HyreCar Announces First Quarter 2022 Financial Results

May 16, 2022 4:05 PM EDT

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 first quarter ended March 31, 2022.

First Quarter 2022 Financial Highlights

Revenue was $9.6 million, compared to $7.4 million during the same period of 2021, an increase of approximately 28% from the same quarter last year Net loss was ($5.3) million and earnings per share of ($0.24), compared to ($7.2) million and ($0.37) in the same period last year Adjusted EBITDA of ($4.1) million and adjusted... More