HyreCar Announces Record Second Quarter Results

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LOS ANGELES–(BUSINESS WIRE)–HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, today reported financial results and provided a corporate update for the second quarter ended June 30, 2019.

“HyreCar’s second quarter revenues grew to $3.8 million, even as we continued to improve and expand every aspect of our partnerships and platform,” said Joe Furnari, Chief Executive Officer of HyreCar. “We continued to see growth in car supply in our top key markets through our new dealer initiatives.”

“Building car capacity and scaling dealer relationships were the main themes of our dealer initiatives in the second quarter, as evidenced by the now 170 commercial accounts who have listed more than 2,300 cars on our platform. As we grow larger commercial accounts we will be able to match our growing demand that saw over 30,000 driver leads last month and is projected to grow substantially in the future.”

Second Quarter 2019 Financial

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