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HYRECAR, INC.

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Initial Report Released (Dated 10/23/2018)

Symbol: HYRE
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $4.00
Time Horizon: 12 Months
Rating Established: October 23, 2018
Price When Established: $2.34
Most Recent Report: October 23, 2018
Price When Issued: $2.34


What's New

HyerCar, Inc. Reports 3Q18 Results

On November 8, 2018, HyerCar, Inc. reported 3Q18 results for the three-months ended September 30, 2018.

HyerCar reported revenues more than tripled to $2.7 million from $828,000 in the year ago period. Revenue growth was supported by a 136% increase in rental days to 105,262. The company reported a net loss of $1.8 million or ($0.15) per share compared to a net loss of $1.3 million or ($0.28) per share. Average shares increase to 11.7 million from 4.6 million in the year-ago period.

We forecasted 3Q18 revenue of $2.6 million and net a net loss of $2.3 million or ($0.20) per share.


Company Description

HyreCar Inc., headquartered in Los Angeles, California operates a carsharing marketplace platform for ridesharing through its proprietary technology. The HyreCar marketplace platform, which operates in 34 states and Washington, D.C. is a technology platform designed to support a peer-to-peer carsharing marketplace allowing car owners to rent their idle vehicles to ridesharing service drivers.


Company Reports

Initial Report Released (Dated October 23, 2018)

Disclaimer

Please view our current disclosure and disclaimer on our most recent research report.