Rideshare Rental, Inc., Formerly YayYo, Inc., Announces Results for Q3 2020
YAYYO INC (YAYO)
Company Research
Source: GlobeNewswire
Highlights Q3 2020 revenue was up 21.5% over Q3 2019, hitting the highest quarterly revenue in the company’s history Q3 2020 revenue was up 31.0% over Q2 2020, marking a significant recovery from the COVID-19 shutdown Gross margin for Q3 2020 was 42.3% up from 37.9% in Q3 2019 BEVERLY HILLS, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Rideshare Rental, Inc. ("RSR" or the “Company") (Other OTC:YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced financial results for the quarter ended September 30, 2020. "We are very pleased with our performance in Q3 2020," commented Ramy El-Batrawi, CEO. "Although the COVID-19 shutdowns caused our quarterly revenue to decrease in the beginning of the second quarter of 2020 compared to the same period in 2019, we saw a positive upward movement in revenue by the end of the second quarter. Q3 was up 21% year over year and was up 31%
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