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RSS FeedsHyreCar Provides Business Update and Indication of First Quarter 2020 Revenue
(WorldNews Business)

 
 

6 april 2020 17:14:33

 
HyreCar Provides Business Update and Indication of First Quarter 2020 Revenue
(WorldNews Business)
 


LOS ANGELES--(BUSINESS WIRE)--Apr 6, 2020-- HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced preliminary results for the first quarter ended March 31, 2020. First-quarter revenues are expected to be between $5.5 and $5.6 million, with the number of rental days topping 229,000 for the quarter, up 16% sequentially from the prior quarter´s total of 197,000, and 66% year-over-year, even with the effect of the last two weeks of the quarter with the COVID-19 situation. Additionally, we expect to release our 2019 10-K by April 14, 2020. `We had tremendous momentum going into the first quarter, and rental day performance...


 
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