HyreCar Announces Fourth Quarter and Full-Year 2019 Results
HyreCar Inc. (HYRE)
Last hyrecar inc. earnings: 3/25 04:10 pm
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Source: Business Wire
Full-Year Revenues Increase 62% to $15.9 Million; Fourth Quarter Revenues Increase 50% to $4.8 million, up 30% Sequentially; Rental Days increases 35% Sequentially to 197,243 and 61% to 621,201 for the Full-Year 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 fourth quarter and year ended December 31, 2019.Full Year 2019 Financial HighlightsRevenue was $15.9 million, compared to $9.8 million in 2018, an increase of 62%.Net Loss of ($12.4) million and earnings per share of ($0.89), compared to ($11.2) million and ($1.31) in 2018.Adjusted Loss of ($10.4) million and adjusted earnings per share of ($0.75), also referred to as adjusted net income per share, compared to ($0.83) in 2018.Fourth Quarter 2019 Financial HighlightsRevenue was $4.8 million, compared to $3.2 million in 2018, an increase of 52%.Net Loss of ($4.9) mill
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