HyreCar Inc. to Announce Fourth Quarter and Full Year 2019 Results on Wednesday, March 25, 2020
First Quarter Continues Sequential Growth
“We continued to exceed our expectations for the first quarter with a significant increase in vehicles rented this quarter to date. Additionally, we continued to expand our partnerships and platform utilization. As we previously highlighted, the
“Other ridesharing companies have commented regarding the COVID-19 situation and the potential effect on the ridesharing industry. Despite this unfortunate situation, we continue to benefit from robust driver interest on the demand side and new OEM & dealer partnerships on the supply side. We believe that the ridesharing industry is diversified enough that although it may suffer from travel disruption, it will benefit from the wider use of vehicles for local travel and delivery services, especially food and package delivery. Ridesharing is part of a transformational shift from traditional private vehicle usage, including on-demand rentals and subscription services. This shift is expected to be especially pronounced in periods of economic volatility.” Furnari continued, “We believe our company is in a position to leverage our unique platform and strategic partnerships to solve transportation needs that are changing at an accelerated rate.
To participate in the call, please dial (866) 670-5260 (domestic) or (409) 217-8773 (international). The conference code is 1588584. This call is being webcast and can be accessed on the Investor Relations section of Hyrecar’s website at: https://ir.hyrecar.com/.
A replay of the webcast will be available approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days.