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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)


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