Hyrecar Is In An Enviable Position [Seeking Alpha]
HyreCar Inc. (HYRE)
Last hyrecar inc. earnings: 3/25 04:10 pm
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Source: Seeking Alpha
Hyrecar Is In An Enviable Position Summary The Total Addressable Market(TAM) is gigantic and growing fast. Hyrecar has significantly more demand than supply, according to management. Margins are expanding and the company's cash burn is slowing, according to Q2 results. Overall, the rewards seem to outweigh the risks significantly. Hyrecar( HYRE Large TAM, little competition Hyrecar is a platform that serves a small, niche section of the car rental market, allowing drivers to rent cars for the sole purpose of ridesharing or food deliveries. investor presentation There are over 3.9mil Uber drivers on the road today and thousands are joining every month. According to management, Hyrecar is receiving 30000 driver leads every month. The resulting potential is hundreds of thousands of cars available to drivers on our platform, and this commercial opportunity matches our constant ballooning demand from drivers needing cars, which was over 30,000 driver leads last month. Q2 earnings call The
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