DropCar Announces Financial Results for the Three and Nine Months Ended September 30, 2019
DROPCAR (DCAR)
US:NASDAQ Investor Relations:
wpcsir.com
Company Research
Source: Business Wire
Q3 Shows 133% Increase in Gross Profit and 83% Decrease in Net Loss Versus Prior Year 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 three and nine months ended September 30, 2019, including an update on the results of initiatives implemented to conserve cash on hand, while focusing on its most profitable business segments.Spencer Richardson, DropCar’s Chief Executive Officer, stated, “Our plan is to continue to focus on our most profitable business segments which has translated into continued improvements to our gross margin. These improvements have also afforded the Company the opportunity to thoroughly explore the best options for strategic growth and alternatives.”During the past fe
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