HyreCar Announces Record First Quarter 2021 Financial Results
HyreCar Inc. (HYRE)
Last hyrecar inc. earnings: 3/25 04:10 pm
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Source: Business Wire
First Quarter Revenue Increases 29% to $7.45 Million, as Rental Days were 300,022 up 31%; Annualized Rental Day Run Rate passes 1.2 Million 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 March 31, 2021.First Quarter 2021 Financial HighlightsRevenue was $7.45 million, compared to $5.78 million in the same period last year, an increase of 29%.Net Loss of ($7.2) million and earnings per share of ($0.37), compared to ($4.1) million and ($0.25) in the same period last year.Adjusted EBITDA of ($3.4) million and adjusted EBITDA per share of ($0.16), also referred to as adjusted net loss per share, compared to $(3.3) million or ($0.20) per share in the same period last year.Cash and Cash Equivalents were $25.5 million as of March 31, 2021.Additional First Quarter 2021 HighlightsNew drivers to the platform in the fi
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