DropCar Announces Financial Results for the Three Months Ended March 31, 2019
DROPCAR (DCAR)
US:NASDAQ Investor Relations:
wpcsir.com
Company Research
Source: Business Wire
Over 50% Expense Reduction with Continued Improved Margins and Liquidity as Company Continues Evaluating Strategic Opportunities NEW YORK--(BUSINESS WIRE)-- DropCar, Inc. (Nasdaq:DCAR) (“DropCar” or the “Company”), a provider of micro logistics technology, mobility services and cloud based software for both the automotive industry and consumers, today announced financial results and the filing of its Form 10-Q for the period ended March 31, 2019 and provided an update on the results of initiatives implemented to conserve cash on hand while focusing the business on its most profitable clients and segments. Spencer Richardson, DropCar’s Chief Executive Officer, stated, "We remain focused on accelerating our business towards profitability, as evidenced by the last two quarters. These quarters have seen the streamlining of our back end operations, coupled with major gains to our overall field driver
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