This company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsHyreCar (8HY) 주식 개요HyreCar Inc. operates a car-sharing marketplace in the United States. 자세히 보기8HY 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성3/6배당0/6위험 분석cash runway 경력이 1년 미만입니다.의미 있는 시가총액이 없습니다(€287K)지난 3개월 동안 주가 변동성이 German 시장과 비교했을 때 매우 높았습니다.지난 5년간 매년 수익이 28.1% 감소했습니다.+ 위험 2건 추가모든 위험 점검 보기8HY Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€0.0001100.0% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-28m218m2016201920222025202620282031Revenue US$218.2mEarnings US$16.2mAdvancedSet Fair ValueView all narrativesHyreCar Inc. 경쟁사Micromobility.comSymbol: OTCPK:MCOMMarket cap: US$645.5kMove About GroupSymbol: OM:MOVMarket cap: SEK 82.9kAutoriders InternationalSymbol: BSE:512277Market cap: ₹1.2bBird GlobalSymbol: OTCPK:BRDS.QMarket cap: US$15.8k가격 이력 및 성과HyreCar 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$0.000152주 최고가US$1.5352주 최저가US$0.0001베타2.391개월 변동0%3개월 변동0%1년 변동-99.99%3년 변동-100.00%5년 변동n/aIPO 이후 변동-100.00%최근 뉴스 및 업데이트공시 • Feb 04HyreCar Inc.(NasdaqCM:HYRE) dropped from NASDAQ Composite IndexHyreCar Inc. has been removed from NASDAQ Composite Index .공시 • Jan 28+ 1 more updateHyreCar Inc. Terminates Michael Furnari as Chief Business Development OfficerOn January 19, 2023, the Board of Directors (the ‘Board’) of HyreCar Inc. (the ‘Company’) terminated the employment of Michael Furnari, effective January 20, 2023. The Company had placed Michael Furnari, the then Chief Business Development Officer of the Company, on an unpaid leave of absence beginning December 8, 2022.공시 • Jan 18HyreCar Inc. Appoints Eduardo Iniguez as Chief Financial OfficerOn January 11, 2023, the Board of Directors of HyreCar Inc. appointed Eduardo Iniguez to serve as the Company’s Chief Financial Officer. Mr. Iniguez had been serving as the Company’s Interim Chief Financial Officer since September 30, 2022 and will continue to serve as the Company’s Interim Chief Executive Officer in addition to his role as Chief Financial Officer.공시 • Dec 17HyreCarInc.'s Securities to Be Delisted from the Nasdaq Capital MarketOn December 13, 2022, HyreCar Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement set forth in Nasdaq Listing Rule 5550(b)(2) as of December 12, 2022, the Company’s securities will be suspended from trading on and delisted from The Nasdaq Capital Market at the opening of business on December 22, 2022 unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Panel”) to appeal Nasdaq’s delisting determination by 4:00 p.m. Eastern Time on December 20, 2022. The Company plans to timely request a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending completion of the hearing process and the expiration of any extension period that may be granted by the Panel following the hearing. In accordance with the Nasdaq Listing Rules, the Panel has the discretion to grant the Company an extension through June 12, 2023. Notwithstanding, there can be no assurance that the Panel will determine to continue the Company’s listing or that the Company will timely evidence compliance with the terms of any extension that may be granted by the Panel following the hearing. As previously disclosed, on June 14, 2022, Nasdaq notified the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement over the previous 30-consecutive business days, and in accordance with the Nasdaq Listing Rules, the Staff granted the Company a 180-calendar day period to regain compliance. The Company did not regain compliance by December 12, 2022, which resulted in the Staff’s issuance of the delisting determination.공시 • Dec 13HyreCar Inc. Appoints Eduardo Iniguez as Interim CEOHyreCar Inc. announced that on December 9, 2022, it has announced the appointment of Eduardo Iniguez as Interim CEO of HyreCar. Iniguez is laser-focused on managing the joint venture as it continues to acquire and deploy cars through the line. At the same time, he will continue to optimize operating expenses to accelerate the company’s path towards cash flow breakeven. Prior to HyreCar, Iniguez was the VP of Corporate Finance at AllClear, a global aerospace and defense manufacturing, distribution, and logistics company. There, he served as CFO of one of the company’s joint ventures and had direct responsibility for 11 P&Ls with the GMs of five business units, including the largest privately-held aerospace distribution company in the world, indirectly reporting to him. He led multiple successful mergers and acquisitions, partnering with some of the most respected private equity firms to scale businesses and increase enterprise value. In the past seven months at HyreCar, he has led the restructuring of headcount to build lean, high-performing teams and aggressively managed spend to balance growth and margin expansion, resulting in annualized savings of over $2.8 million.Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.29 loss in 3Q 2021)Third quarter 2022 results: US$0.23 loss per share (improved from US$0.29 loss in 3Q 2021). Revenue: US$10.3m (up 6.4% from 3Q 2021). Net loss: US$5.39m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.더 많은 업데이트 보기Recent updates공시 • Feb 04HyreCar Inc.(NasdaqCM:HYRE) dropped from NASDAQ Composite IndexHyreCar Inc. has been removed from NASDAQ Composite Index .공시 • Jan 28+ 1 more updateHyreCar Inc. Terminates Michael Furnari as Chief Business Development OfficerOn January 19, 2023, the Board of Directors (the ‘Board’) of HyreCar Inc. (the ‘Company’) terminated the employment of Michael Furnari, effective January 20, 2023. The Company had placed Michael Furnari, the then Chief Business Development Officer of the Company, on an unpaid leave of absence beginning December 8, 2022.공시 • Jan 18HyreCar Inc. Appoints Eduardo Iniguez as Chief Financial OfficerOn January 11, 2023, the Board of Directors of HyreCar Inc. appointed Eduardo Iniguez to serve as the Company’s Chief Financial Officer. Mr. Iniguez had been serving as the Company’s Interim Chief Financial Officer since September 30, 2022 and will continue to serve as the Company’s Interim Chief Executive Officer in addition to his role as Chief Financial Officer.공시 • Dec 17HyreCarInc.'s Securities to Be Delisted from the Nasdaq Capital MarketOn December 13, 2022, HyreCar Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement set forth in Nasdaq Listing Rule 5550(b)(2) as of December 12, 2022, the Company’s securities will be suspended from trading on and delisted from The Nasdaq Capital Market at the opening of business on December 22, 2022 unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Panel”) to appeal Nasdaq’s delisting determination by 4:00 p.m. Eastern Time on December 20, 2022. The Company plans to timely request a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending completion of the hearing process and the expiration of any extension period that may be granted by the Panel following the hearing. In accordance with the Nasdaq Listing Rules, the Panel has the discretion to grant the Company an extension through June 12, 2023. Notwithstanding, there can be no assurance that the Panel will determine to continue the Company’s listing or that the Company will timely evidence compliance with the terms of any extension that may be granted by the Panel following the hearing. As previously disclosed, on June 14, 2022, Nasdaq notified the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement over the previous 30-consecutive business days, and in accordance with the Nasdaq Listing Rules, the Staff granted the Company a 180-calendar day period to regain compliance. The Company did not regain compliance by December 12, 2022, which resulted in the Staff’s issuance of the delisting determination.공시 • Dec 13HyreCar Inc. Appoints Eduardo Iniguez as Interim CEOHyreCar Inc. announced that on December 9, 2022, it has announced the appointment of Eduardo Iniguez as Interim CEO of HyreCar. Iniguez is laser-focused on managing the joint venture as it continues to acquire and deploy cars through the line. At the same time, he will continue to optimize operating expenses to accelerate the company’s path towards cash flow breakeven. Prior to HyreCar, Iniguez was the VP of Corporate Finance at AllClear, a global aerospace and defense manufacturing, distribution, and logistics company. There, he served as CFO of one of the company’s joint ventures and had direct responsibility for 11 P&Ls with the GMs of five business units, including the largest privately-held aerospace distribution company in the world, indirectly reporting to him. He led multiple successful mergers and acquisitions, partnering with some of the most respected private equity firms to scale businesses and increase enterprise value. In the past seven months at HyreCar, he has led the restructuring of headcount to build lean, high-performing teams and aggressively managed spend to balance growth and margin expansion, resulting in annualized savings of over $2.8 million.Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.29 loss in 3Q 2021)Third quarter 2022 results: US$0.23 loss per share (improved from US$0.29 loss in 3Q 2021). Revenue: US$10.3m (up 6.4% from 3Q 2021). Net loss: US$5.39m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Michael Root was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Nov 11HyreCar Inc. Receives a Letter from Nasdaq Regarding Minimum Bid PriceOn November 4, 2022, HyreCar Inc. ("the Company") received a letter ("the Notice") from the listing qualifications staff ("the Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, it is not in compliance with the minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2) for continued listing. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice has no immediate effect on the listing of the Company's common stock, par value $0.00001 per share ("the Common Stock"), which continues to trade on the Nasdaq Capital Market under the symbol HYRE. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until May 3, 2023, to regain compliance. If at any time before May 3, 2023, the closing bid price of the Company’s Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, subject to Nasdaq’s discretion to extend this period pursuant to Nasdaq Listing Rule 5810(c)(3)(H), Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter would be resolved. If the Company does not regain compliance during the compliance period ending May 3, 2023, then Nasdaq may grant the Company a second 180 calendar day period to regain compliance, provided the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance periods. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements.공시 • Nov 08HyreCar Inc. to Report Q3, 2022 Results on Nov 14, 2022HyreCar Inc. announced that they will report Q3, 2022 results After-Market on Nov 14, 2022공시 • Sep 21HyreCar Inc. announced that it has received $4.999999 million in fundingOn September 19, 2022, HyreCar Inc. closed the transaction. The transaction included participation from 4 investors.공시 • Sep 20+ 1 more updateHyrecar Appoints Eduardo Iniguez as Interim CFOHyreCar Inc. announced that it has appointed Eduardo Iniguez as interim Chief Financial Officer. Serge De Bock will leave the company to assume a senior leadership position at another company. He will remain in his current CFO role at HyreCar through September 30, 2022. Eduardo Iniguez, HyreCar’s Head of Finance, will assume the role of Interim CFO to lead the Finance, Accounting and Compliance functions. Previously, Iniguez was the VP of Corporate Finance at AllClear Aerospace & Defense, the largest privately held aerospace distribution company in the world. In that role, Iniguez served as the Chief Financial Officer for one of the company’s joint ventures while overseeing the company’s Finance and Accounting functions. He brings more than 14 years of experience in operational finance, treasury, budgeting, net working capital management, and public accounting. Through years of managing complex M&A deals and direct responsibility for 11 P&Ls, he brings a disciplined approach to financial analysis and management, including a solid track record of managing cash burn and improving EBITDA performance. Iniguez received his Master of Business Administration and Bachelor of Science from the University of Southern California.Reported Earnings • Aug 17Second quarter 2022 earnings released: US$0.20 loss per share (vs US$0.46 loss in 2Q 2021)Second quarter 2022 results: US$0.20 loss per share (up from US$0.46 loss in 2Q 2021). Revenue: US$10.5m (up 16% from 2Q 2021). Net loss: US$4.38m (loss narrowed 53% from 2Q 2021). Over the next year, revenue is forecast to grow 32%, compared to a 7.4% growth forecast for the Transportation industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.공시 • Aug 09HyreCar Inc. to Report Q2, 2022 Results on Aug 15, 2022HyreCar Inc. announced that they will report Q2, 2022 results After-Market on Aug 15, 2022공시 • Aug 03HyreCar Receives Non-Compliance Letter from NasdaqOn July 27, 2022, HyreCar Inc. (the Company") received a letter (the Notice") from the listing qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice has noimmediate effect on the listing of the Company's common stock, par value $0.00001 per share (the Common Stock"), which continues to trade on the Nasdaq Capital Market under the symbol HYRE." In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until January 23, 2023, to regain compliance. If at any time before January 23, 2023, the closing bid price of the Company's Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, subject to Nasdaq's discretion to extend this period pursuant to Nasdaq Listing Rule 5810(c)(3)(H), Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter would be resolved. If the Company does not regain compliance during the compliance period ending January 23, 2023, then Nasdaq may grant the Company a second 180 calendar day period to regain compliance, provided the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance periods. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements.Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Michael Root was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Jul 13HyreCar Inc. Revises Revenue Guidance for the Second Quarter of 2022HyreCar Inc. revised revenue guidance for the second quarter of 2022. The company issued revised guidance of expected net revenue between $10.4 million and $10.6 million, narrowing previous guidance of expected net revenue between $10.2 million and $10.7 million, based on the company’s strong performance in the second quarter.Board Change • Jul 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Michael Root was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Jun 22HyreCar Inc. Receives Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard from NasdaqOn June 14, 2022, HyreCar Inc. received a letter from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq listing rule 5550(b)(2). The Staff also noted the Company does not meet the alternative standards under Nasdaq listing rule 5550(b)(1) or 5550(b)(3) for continued listing on the Nasdaq Capital Market. The Notice has no immediate effect on the listing of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), which continues to trade on the Nasdaq Capital Market under the symbol “HYRE.” In accordance with Nasdaq listing rule 5810(c)(3)(C), the Company has 180 calendar days, or until December 12, 2022, to regain compliance. The Notice states that to regain compliance, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days (or such longer period of time as the Nasdaq staff may require in some circumstances, but generally not more than 20 consecutive business days) during the compliance period ending December 12, 2022. If the Company does not regain compliance by December 12, 2022, the Staff will provide written notice to the Company that the Common Stock is subject to delisting. At that time, the Company may appeal any such delisting determination to a hearings panel.공시 • May 26Hyrecar Inc. Announces Executive ChangesHyreCar Inc. announced the appointment of Greg Tatem as Chief Technology Officer and the transition of Ken Grimes to an executive advisory role, effective May 23, 2022. With over 25 years of experience leading strong development teams, Tatem brings a deep technical background and experience in e-commerce, user segmentation and front-end technology to HyreCar. He previously held leadership, technology and engineering roles at Wine.com and Williams Sonoma. Tatem’s expertise in leading teams and building customer-centric software will be invaluable in his new role as CTO.Reported Earnings • May 17First quarter 2022 earnings released: US$0.24 loss per share (vs US$0.38 loss in 1Q 2021)First quarter 2022 results: US$0.24 loss per share (up from US$0.38 loss in 1Q 2021). Revenue: US$9.55m (up 28% from 1Q 2021). Net loss: US$5.33m (loss narrowed 26% from 1Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings.공시 • May 12HyreCar Inc. to Report Q1, 2022 Results on May 16, 2022HyreCar Inc. announced that they will report Q1, 2022 results After-Market on May 16, 2022공시 • May 03HyreCar Inc., Annual General Meeting, Jun 23, 2022HyreCar Inc., Annual General Meeting, Jun 23, 2022, at 10:00 Pacific Standard Time. Agenda: To elect one (1) Class I member to its Board of Directors; to ratify the appointment of dbbmckennon as its independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other matters as may properly come before the Annual Meeting and any adjournment or postponement thereof.Breakeven Date Change • Apr 27No longer forecast to breakevenThe 5 analysts covering HyreCar no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.20m in 2023. New consensus forecast suggests the company will make a loss of US$11.9m in 2023.Breakeven Date Change • Mar 17No longer forecast to breakevenThe 4 analysts covering HyreCar no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.20m in 2023. New consensus forecast suggests the company will make a loss of US$11.4m in 2023.공시 • Feb 03HyreCar Inc. Announces Executive ChangesHyreCar Inc. announced that A.J. Lee has been appointed Senior Vice President, Growth, and Megan Behrens, Senior Vice President, Product & Operations, has expanded the scope of her responsibilities. These appointments replace Henry Park’s role as COO, who resigned from HyreCar as of January 31, 2022.Reported Earnings • Nov 10Third quarter 2021 earnings released: US$0.29 loss per share (vs US$0.10 loss in 3Q 2020)The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$9.65m (up 42% from 3Q 2020). Net loss: US$6.15m (loss widened 234% from 3Q 2020).공시 • Oct 01HYRE Investors Have Opportunity to Lead HyreCar Inc. Securities Fraud LawsuitHoward G. Smith announced that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against HyreCar Inc. Class Period: May 14, 2021 and August 10, 2021 The complaint filed in this class action alleges that throughout the Class Period, Defendants failed to disclose to investors that: (1) HyreCar had materially understated its insurance reserves; (2) HyreCar had systematically failed to pay valid insurance claims incurred prior to the Class Period; (3) HyreCar had incurred significant expenses transitioning to its new third-party insurance claims administrator and processing claims incurred from prior periods; (4) HyreCar had failed to appropriately price risk in its insurance products and was experiencing elevated claims incidence as a result; (5) HyreCar had been forced to dramatically reform its claims underwriting, policies, and procedures in response to unacceptably high claims severity and customer complaints; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Lead Plaintiff Deadline: October 26, 2021.공시 • Aug 28Robbins Geller Rudman & Dowd LLP Files Class Action Suit against HyreCar IncRobbins Geller Rudman & Dowd LLP announced that it filed a class action lawsuit charging HyreCar Inc. and certain of its executives with violations of the Securities Exchange Act of 1934 and seeking to represent purchasers of HyreCar securities between May 14, 2021 and August 10, 2021, inclusive (the "Class Period"). The HyreCar class action lawsuit was commenced on August 27, 2021 in the Central District of California.Breakeven Date Change • Aug 12Forecast breakeven pushed back to 2023The 5 analysts covering HyreCar previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 9.4% per year to 2022. The company is expected to make a profit of US$455.6k in 2023. Average annual earnings growth of 90% is required to achieve expected profit on schedule.Reported Earnings • Aug 11Second quarter 2021 earnings released: US$0.46 loss per share (vs US$0.22 loss in 2Q 2020)The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$9.06m (up 62% from 2Q 2020). Net loss: US$9.34m (loss widened 142% from 2Q 2020).Executive Departure • Jul 13Chief Financial Officer Robert Brogi has left the companyDuring their tenure, earnings grew by 28% annually compared to the industry average, which went down by 29%. On the 5th of July, Robert Brogi left the company after 2.8 in the role. As of March 2021, Robert still personally held 162.37k shares (€192k worth at the time). Robert is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.42 years.Recent Insider Transactions • Jun 05Insider recently sold €256k worth of stockOn the 3rd of June, Grace Wang sold around 18k shares on-market at roughly €14.52 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.0m. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.Recent Insider Transactions • May 21Independent Director recently sold €116k worth of stockOn the 18th of May, Michael Root sold around 10k shares on-market at roughly €11.63 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €106k more than they bought in the last 12 months.Reported Earnings • May 15First quarter 2021 earnings released: US$0.38 loss per share (vs US$0.25 loss in 1Q 2020)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$7.45m (up 29% from 1Q 2020). Net loss: US$7.21m (loss widened 78% from 1Q 2020).Reported Earnings • Apr 01Full year 2020 earnings released: US$0.87 loss per share (vs US$0.90 loss in FY 2019)The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$25.2m (up 59% from FY 2019). Net loss: US$15.2m (loss widened 22% from FY 2019).공시 • Feb 25HyreCar Inc. Announces Executive Leadership AppointmentsHyreCar Inc. announced leadership appointments for newly created executive roles to leverage significant growth opportunities. Brian Allan (58)will assume the role of President, HyreCar Inc. after serving as the company’s Senior Vice-President of Strategic Partnerships. Mr. Allan has led HyreCar’s dealer and strategic partnership initiatives increasing institutional vehicle supply and incremental revenue opportunities since 2018. Mr. Allan joined HyreCar after a 30-year career as Group General Manager at Galpin Motors. Mr. Allan also served on several OEM dealer councils and advisory boards for automotive and technology firms. Ken Grimes (38) will assume the role of Chief Technology Officer after serving as Vice-President, Technology. Mr. Grimes led the technology team after succeeding HyreCar co-founder Abhi Arora in early 2019. Mr. Grimes is a veteran systems engineer and entrepreneur with over 18 years of management, research, and development expertise. His experience includes specialized modernizing legacy tech stacks with hyper-scale technologies including distributed systems, blockchain, and IoT. Megan Behrens (27) will assume the role of Senior Vice-President of Product & Operations after serving in critical roles since HyreCar’s inception in 2016. Ms. Behrens’s most recent position was Vice-President of Product where she held direct responsibility for customer retention, satisfaction, and lifetime value objectives. She also holds a degree in accounting from Cal State Fullerton. The executive appointments are effective March 1, 2021.공시 • Feb 05HyreCar Inc. has completed a Follow-on Equity Offering in the amount of $25.85 million.HyreCar Inc. has completed a Follow-on Equity Offering in the amount of $25.85 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,200,000 Price\Range: $11.75 Discount Per Security: $0.705Is New 90 Day High Low • Jan 30New 90-day high: €7.60The company is up 157% from its price of €2.96 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 32% over the same period.공시 • Jan 29HyrecCar Partners with AmeriDrive Holdings to Create National Network of Vehicle Supply and Fleet Maintenance OperationsHyreCar Inc. announced new and expanded strategic partnerships to significantly increase car supply on the HyreCar platform in key markets. The formal partnerships include AmeriDrive Holdings and Cogent Bank’s Specialty Lending Unit. The infrastructure and capital provided by these partnerships will be leveraged to enable HyreCar to enter the next level of growth and scalability. These companies and their partners represent some of the nation’s most successful organizations that serve the mobility and transportation as a service industry.Is New 90 Day High Low • Jan 09New 90-day high: €6.65The company is up 109% from its price of €3.18 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 24% over the same period.Is New 90 Day High Low • Dec 08New 90-day high: €6.40The company is up 121% from its price of €2.90 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.Reported Earnings • Nov 13Third quarter 2020 earnings released: US$0.10 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$6.81m (up 84% from 3Q 2019). Net loss: US$1.84m (loss narrowed 49% from 3Q 2019).Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 55% compared to a 8.5% decline forecast for the Transportation industry in Germany.Is New 90 Day High Low • Nov 10New 90-day high: €3.70The company is up 18% from its price of €3.14 on 11 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.공시 • Nov 05HyreCar Inc. to Report Q3, 2020 Results on Nov 11, 2020HyreCar Inc. announced that they will report Q3, 2020 results on Nov 11, 2020Is New 90 Day High Low • Oct 12New 90-day high: €3.32The company is up 36% from its price of €2.44 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.공시 • Aug 08HyreCar Inc. to Report Q2, 2020 Results on Aug 13, 2020HyreCar Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 13, 2020주주 수익률8HYDE TransportationDE 시장7D0%-0.5%-0.9%1Y-100.0%10.3%1.9%전체 주주 수익률 보기수익률 대 산업: 8HY은 지난 1년 동안 10.3%의 수익을 기록한 German Transportation 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 8HY은 지난 1년 동안 1.9%를 기록한 German 시장보다 저조한 성과를 냈습니다.주가 변동성Is 8HY's price volatile compared to industry and market?8HY volatility8HY Average Weekly Movement10,188.6%Transportation Industry Average Movement4.4%Market Average Movement5.8%10% most volatile stocks in DE Market13.4%10% least volatile stocks in DE Market2.8%안정적인 주가: 8HY의 주가는 지난 3개월 동안 German 시장보다 변동성이 컸습니다.시간에 따른 변동성: 8HY의 주간 변동성은 지난 1년간 5014%에서 10189%로 증가했습니다.회사 소개설립직원 수CEO웹사이트201476n/awww.hyrecar.com더 보기HyreCar Inc. 기초 지표 요약HyreCar의 순이익과 매출은 시가총액과 어떻게 비교됩니까?8HY 기초 통계시가총액€286.89k순이익 (TTM)-€17.09m매출 (TTM)€37.13m0.0x주가매출비율(P/S)0.0x주가수익비율(P/E)8HY는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표8HY 손익계산서 (TTM)매출US$39.89m매출원가US$26.11m총이익US$13.78m기타 비용US$32.14m순이익-US$18.36m최근 보고된 실적Sep 30, 2022다음 실적 발표일해당 없음주당순이익(EPS)-0.57총이익률34.55%순이익률-46.02%부채/자본 비율23.5%8HY의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/06/10 10:06종가2023/06/07 00:00수익2022/09/30연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스HyreCar Inc.는 6명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Thomas WhiteD.A. Davidson & Co.Jon HickmanLadenburg Thalmann & CompanyMark ArgentoLake Street Capital Markets, LLC3명의 분석가 더 보기
공시 • Feb 04HyreCar Inc.(NasdaqCM:HYRE) dropped from NASDAQ Composite IndexHyreCar Inc. has been removed from NASDAQ Composite Index .
공시 • Jan 28+ 1 more updateHyreCar Inc. Terminates Michael Furnari as Chief Business Development OfficerOn January 19, 2023, the Board of Directors (the ‘Board’) of HyreCar Inc. (the ‘Company’) terminated the employment of Michael Furnari, effective January 20, 2023. The Company had placed Michael Furnari, the then Chief Business Development Officer of the Company, on an unpaid leave of absence beginning December 8, 2022.
공시 • Jan 18HyreCar Inc. Appoints Eduardo Iniguez as Chief Financial OfficerOn January 11, 2023, the Board of Directors of HyreCar Inc. appointed Eduardo Iniguez to serve as the Company’s Chief Financial Officer. Mr. Iniguez had been serving as the Company’s Interim Chief Financial Officer since September 30, 2022 and will continue to serve as the Company’s Interim Chief Executive Officer in addition to his role as Chief Financial Officer.
공시 • Dec 17HyreCarInc.'s Securities to Be Delisted from the Nasdaq Capital MarketOn December 13, 2022, HyreCar Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement set forth in Nasdaq Listing Rule 5550(b)(2) as of December 12, 2022, the Company’s securities will be suspended from trading on and delisted from The Nasdaq Capital Market at the opening of business on December 22, 2022 unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Panel”) to appeal Nasdaq’s delisting determination by 4:00 p.m. Eastern Time on December 20, 2022. The Company plans to timely request a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending completion of the hearing process and the expiration of any extension period that may be granted by the Panel following the hearing. In accordance with the Nasdaq Listing Rules, the Panel has the discretion to grant the Company an extension through June 12, 2023. Notwithstanding, there can be no assurance that the Panel will determine to continue the Company’s listing or that the Company will timely evidence compliance with the terms of any extension that may be granted by the Panel following the hearing. As previously disclosed, on June 14, 2022, Nasdaq notified the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement over the previous 30-consecutive business days, and in accordance with the Nasdaq Listing Rules, the Staff granted the Company a 180-calendar day period to regain compliance. The Company did not regain compliance by December 12, 2022, which resulted in the Staff’s issuance of the delisting determination.
공시 • Dec 13HyreCar Inc. Appoints Eduardo Iniguez as Interim CEOHyreCar Inc. announced that on December 9, 2022, it has announced the appointment of Eduardo Iniguez as Interim CEO of HyreCar. Iniguez is laser-focused on managing the joint venture as it continues to acquire and deploy cars through the line. At the same time, he will continue to optimize operating expenses to accelerate the company’s path towards cash flow breakeven. Prior to HyreCar, Iniguez was the VP of Corporate Finance at AllClear, a global aerospace and defense manufacturing, distribution, and logistics company. There, he served as CFO of one of the company’s joint ventures and had direct responsibility for 11 P&Ls with the GMs of five business units, including the largest privately-held aerospace distribution company in the world, indirectly reporting to him. He led multiple successful mergers and acquisitions, partnering with some of the most respected private equity firms to scale businesses and increase enterprise value. In the past seven months at HyreCar, he has led the restructuring of headcount to build lean, high-performing teams and aggressively managed spend to balance growth and margin expansion, resulting in annualized savings of over $2.8 million.
Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.29 loss in 3Q 2021)Third quarter 2022 results: US$0.23 loss per share (improved from US$0.29 loss in 3Q 2021). Revenue: US$10.3m (up 6.4% from 3Q 2021). Net loss: US$5.39m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.
공시 • Feb 04HyreCar Inc.(NasdaqCM:HYRE) dropped from NASDAQ Composite IndexHyreCar Inc. has been removed from NASDAQ Composite Index .
공시 • Jan 28+ 1 more updateHyreCar Inc. Terminates Michael Furnari as Chief Business Development OfficerOn January 19, 2023, the Board of Directors (the ‘Board’) of HyreCar Inc. (the ‘Company’) terminated the employment of Michael Furnari, effective January 20, 2023. The Company had placed Michael Furnari, the then Chief Business Development Officer of the Company, on an unpaid leave of absence beginning December 8, 2022.
공시 • Jan 18HyreCar Inc. Appoints Eduardo Iniguez as Chief Financial OfficerOn January 11, 2023, the Board of Directors of HyreCar Inc. appointed Eduardo Iniguez to serve as the Company’s Chief Financial Officer. Mr. Iniguez had been serving as the Company’s Interim Chief Financial Officer since September 30, 2022 and will continue to serve as the Company’s Interim Chief Executive Officer in addition to his role as Chief Financial Officer.
공시 • Dec 17HyreCarInc.'s Securities to Be Delisted from the Nasdaq Capital MarketOn December 13, 2022, HyreCar Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement set forth in Nasdaq Listing Rule 5550(b)(2) as of December 12, 2022, the Company’s securities will be suspended from trading on and delisted from The Nasdaq Capital Market at the opening of business on December 22, 2022 unless the Company requests a hearing before a Nasdaq Hearings Panel (the “Panel”) to appeal Nasdaq’s delisting determination by 4:00 p.m. Eastern Time on December 20, 2022. The Company plans to timely request a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending completion of the hearing process and the expiration of any extension period that may be granted by the Panel following the hearing. In accordance with the Nasdaq Listing Rules, the Panel has the discretion to grant the Company an extension through June 12, 2023. Notwithstanding, there can be no assurance that the Panel will determine to continue the Company’s listing or that the Company will timely evidence compliance with the terms of any extension that may be granted by the Panel following the hearing. As previously disclosed, on June 14, 2022, Nasdaq notified the Company that, based upon the Company’s non-compliance with the $35 million market value of listed securities requirement over the previous 30-consecutive business days, and in accordance with the Nasdaq Listing Rules, the Staff granted the Company a 180-calendar day period to regain compliance. The Company did not regain compliance by December 12, 2022, which resulted in the Staff’s issuance of the delisting determination.
공시 • Dec 13HyreCar Inc. Appoints Eduardo Iniguez as Interim CEOHyreCar Inc. announced that on December 9, 2022, it has announced the appointment of Eduardo Iniguez as Interim CEO of HyreCar. Iniguez is laser-focused on managing the joint venture as it continues to acquire and deploy cars through the line. At the same time, he will continue to optimize operating expenses to accelerate the company’s path towards cash flow breakeven. Prior to HyreCar, Iniguez was the VP of Corporate Finance at AllClear, a global aerospace and defense manufacturing, distribution, and logistics company. There, he served as CFO of one of the company’s joint ventures and had direct responsibility for 11 P&Ls with the GMs of five business units, including the largest privately-held aerospace distribution company in the world, indirectly reporting to him. He led multiple successful mergers and acquisitions, partnering with some of the most respected private equity firms to scale businesses and increase enterprise value. In the past seven months at HyreCar, he has led the restructuring of headcount to build lean, high-performing teams and aggressively managed spend to balance growth and margin expansion, resulting in annualized savings of over $2.8 million.
Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.23 loss per share (vs US$0.29 loss in 3Q 2021)Third quarter 2022 results: US$0.23 loss per share (improved from US$0.29 loss in 3Q 2021). Revenue: US$10.3m (up 6.4% from 3Q 2021). Net loss: US$5.39m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Michael Root was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Nov 11HyreCar Inc. Receives a Letter from Nasdaq Regarding Minimum Bid PriceOn November 4, 2022, HyreCar Inc. ("the Company") received a letter ("the Notice") from the listing qualifications staff ("the Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, it is not in compliance with the minimum bid price requirement set in Nasdaq Listing Rule 5550(a)(2) for continued listing. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice has no immediate effect on the listing of the Company's common stock, par value $0.00001 per share ("the Common Stock"), which continues to trade on the Nasdaq Capital Market under the symbol HYRE. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until May 3, 2023, to regain compliance. If at any time before May 3, 2023, the closing bid price of the Company’s Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, subject to Nasdaq’s discretion to extend this period pursuant to Nasdaq Listing Rule 5810(c)(3)(H), Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter would be resolved. If the Company does not regain compliance during the compliance period ending May 3, 2023, then Nasdaq may grant the Company a second 180 calendar day period to regain compliance, provided the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance periods. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements.
공시 • Nov 08HyreCar Inc. to Report Q3, 2022 Results on Nov 14, 2022HyreCar Inc. announced that they will report Q3, 2022 results After-Market on Nov 14, 2022
공시 • Sep 21HyreCar Inc. announced that it has received $4.999999 million in fundingOn September 19, 2022, HyreCar Inc. closed the transaction. The transaction included participation from 4 investors.
공시 • Sep 20+ 1 more updateHyrecar Appoints Eduardo Iniguez as Interim CFOHyreCar Inc. announced that it has appointed Eduardo Iniguez as interim Chief Financial Officer. Serge De Bock will leave the company to assume a senior leadership position at another company. He will remain in his current CFO role at HyreCar through September 30, 2022. Eduardo Iniguez, HyreCar’s Head of Finance, will assume the role of Interim CFO to lead the Finance, Accounting and Compliance functions. Previously, Iniguez was the VP of Corporate Finance at AllClear Aerospace & Defense, the largest privately held aerospace distribution company in the world. In that role, Iniguez served as the Chief Financial Officer for one of the company’s joint ventures while overseeing the company’s Finance and Accounting functions. He brings more than 14 years of experience in operational finance, treasury, budgeting, net working capital management, and public accounting. Through years of managing complex M&A deals and direct responsibility for 11 P&Ls, he brings a disciplined approach to financial analysis and management, including a solid track record of managing cash burn and improving EBITDA performance. Iniguez received his Master of Business Administration and Bachelor of Science from the University of Southern California.
Reported Earnings • Aug 17Second quarter 2022 earnings released: US$0.20 loss per share (vs US$0.46 loss in 2Q 2021)Second quarter 2022 results: US$0.20 loss per share (up from US$0.46 loss in 2Q 2021). Revenue: US$10.5m (up 16% from 2Q 2021). Net loss: US$4.38m (loss narrowed 53% from 2Q 2021). Over the next year, revenue is forecast to grow 32%, compared to a 7.4% growth forecast for the Transportation industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
공시 • Aug 09HyreCar Inc. to Report Q2, 2022 Results on Aug 15, 2022HyreCar Inc. announced that they will report Q2, 2022 results After-Market on Aug 15, 2022
공시 • Aug 03HyreCar Receives Non-Compliance Letter from NasdaqOn July 27, 2022, HyreCar Inc. (the Company") received a letter (the Notice") from the listing qualifications staff (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Notice has noimmediate effect on the listing of the Company's common stock, par value $0.00001 per share (the Common Stock"), which continues to trade on the Nasdaq Capital Market under the symbol HYRE." In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until January 23, 2023, to regain compliance. If at any time before January 23, 2023, the closing bid price of the Company's Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, subject to Nasdaq's discretion to extend this period pursuant to Nasdaq Listing Rule 5810(c)(3)(H), Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter would be resolved. If the Company does not regain compliance during the compliance period ending January 23, 2023, then Nasdaq may grant the Company a second 180 calendar day period to regain compliance, provided the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance periods. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements.
Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Michael Root was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Jul 13HyreCar Inc. Revises Revenue Guidance for the Second Quarter of 2022HyreCar Inc. revised revenue guidance for the second quarter of 2022. The company issued revised guidance of expected net revenue between $10.4 million and $10.6 million, narrowing previous guidance of expected net revenue between $10.2 million and $10.7 million, based on the company’s strong performance in the second quarter.
Board Change • Jul 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Michael Root was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Jun 22HyreCar Inc. Receives Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard from NasdaqOn June 14, 2022, HyreCar Inc. received a letter from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the Company’s minimum Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq listing rule 5550(b)(2). The Staff also noted the Company does not meet the alternative standards under Nasdaq listing rule 5550(b)(1) or 5550(b)(3) for continued listing on the Nasdaq Capital Market. The Notice has no immediate effect on the listing of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), which continues to trade on the Nasdaq Capital Market under the symbol “HYRE.” In accordance with Nasdaq listing rule 5810(c)(3)(C), the Company has 180 calendar days, or until December 12, 2022, to regain compliance. The Notice states that to regain compliance, the Company’s MVLS must close at $35 million or more for a minimum of ten consecutive business days (or such longer period of time as the Nasdaq staff may require in some circumstances, but generally not more than 20 consecutive business days) during the compliance period ending December 12, 2022. If the Company does not regain compliance by December 12, 2022, the Staff will provide written notice to the Company that the Common Stock is subject to delisting. At that time, the Company may appeal any such delisting determination to a hearings panel.
공시 • May 26Hyrecar Inc. Announces Executive ChangesHyreCar Inc. announced the appointment of Greg Tatem as Chief Technology Officer and the transition of Ken Grimes to an executive advisory role, effective May 23, 2022. With over 25 years of experience leading strong development teams, Tatem brings a deep technical background and experience in e-commerce, user segmentation and front-end technology to HyreCar. He previously held leadership, technology and engineering roles at Wine.com and Williams Sonoma. Tatem’s expertise in leading teams and building customer-centric software will be invaluable in his new role as CTO.
Reported Earnings • May 17First quarter 2022 earnings released: US$0.24 loss per share (vs US$0.38 loss in 1Q 2021)First quarter 2022 results: US$0.24 loss per share (up from US$0.38 loss in 1Q 2021). Revenue: US$9.55m (up 28% from 1Q 2021). Net loss: US$5.33m (loss narrowed 26% from 1Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings.
공시 • May 12HyreCar Inc. to Report Q1, 2022 Results on May 16, 2022HyreCar Inc. announced that they will report Q1, 2022 results After-Market on May 16, 2022
공시 • May 03HyreCar Inc., Annual General Meeting, Jun 23, 2022HyreCar Inc., Annual General Meeting, Jun 23, 2022, at 10:00 Pacific Standard Time. Agenda: To elect one (1) Class I member to its Board of Directors; to ratify the appointment of dbbmckennon as its independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other matters as may properly come before the Annual Meeting and any adjournment or postponement thereof.
Breakeven Date Change • Apr 27No longer forecast to breakevenThe 5 analysts covering HyreCar no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.20m in 2023. New consensus forecast suggests the company will make a loss of US$11.9m in 2023.
Breakeven Date Change • Mar 17No longer forecast to breakevenThe 4 analysts covering HyreCar no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.20m in 2023. New consensus forecast suggests the company will make a loss of US$11.4m in 2023.
공시 • Feb 03HyreCar Inc. Announces Executive ChangesHyreCar Inc. announced that A.J. Lee has been appointed Senior Vice President, Growth, and Megan Behrens, Senior Vice President, Product & Operations, has expanded the scope of her responsibilities. These appointments replace Henry Park’s role as COO, who resigned from HyreCar as of January 31, 2022.
Reported Earnings • Nov 10Third quarter 2021 earnings released: US$0.29 loss per share (vs US$0.10 loss in 3Q 2020)The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$9.65m (up 42% from 3Q 2020). Net loss: US$6.15m (loss widened 234% from 3Q 2020).
공시 • Oct 01HYRE Investors Have Opportunity to Lead HyreCar Inc. Securities Fraud LawsuitHoward G. Smith announced that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against HyreCar Inc. Class Period: May 14, 2021 and August 10, 2021 The complaint filed in this class action alleges that throughout the Class Period, Defendants failed to disclose to investors that: (1) HyreCar had materially understated its insurance reserves; (2) HyreCar had systematically failed to pay valid insurance claims incurred prior to the Class Period; (3) HyreCar had incurred significant expenses transitioning to its new third-party insurance claims administrator and processing claims incurred from prior periods; (4) HyreCar had failed to appropriately price risk in its insurance products and was experiencing elevated claims incidence as a result; (5) HyreCar had been forced to dramatically reform its claims underwriting, policies, and procedures in response to unacceptably high claims severity and customer complaints; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Lead Plaintiff Deadline: October 26, 2021.
공시 • Aug 28Robbins Geller Rudman & Dowd LLP Files Class Action Suit against HyreCar IncRobbins Geller Rudman & Dowd LLP announced that it filed a class action lawsuit charging HyreCar Inc. and certain of its executives with violations of the Securities Exchange Act of 1934 and seeking to represent purchasers of HyreCar securities between May 14, 2021 and August 10, 2021, inclusive (the "Class Period"). The HyreCar class action lawsuit was commenced on August 27, 2021 in the Central District of California.
Breakeven Date Change • Aug 12Forecast breakeven pushed back to 2023The 5 analysts covering HyreCar previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 9.4% per year to 2022. The company is expected to make a profit of US$455.6k in 2023. Average annual earnings growth of 90% is required to achieve expected profit on schedule.
Reported Earnings • Aug 11Second quarter 2021 earnings released: US$0.46 loss per share (vs US$0.22 loss in 2Q 2020)The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$9.06m (up 62% from 2Q 2020). Net loss: US$9.34m (loss widened 142% from 2Q 2020).
Executive Departure • Jul 13Chief Financial Officer Robert Brogi has left the companyDuring their tenure, earnings grew by 28% annually compared to the industry average, which went down by 29%. On the 5th of July, Robert Brogi left the company after 2.8 in the role. As of March 2021, Robert still personally held 162.37k shares (€192k worth at the time). Robert is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.42 years.
Recent Insider Transactions • Jun 05Insider recently sold €256k worth of stockOn the 3rd of June, Grace Wang sold around 18k shares on-market at roughly €14.52 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.0m. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.
Recent Insider Transactions • May 21Independent Director recently sold €116k worth of stockOn the 18th of May, Michael Root sold around 10k shares on-market at roughly €11.63 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €106k more than they bought in the last 12 months.
Reported Earnings • May 15First quarter 2021 earnings released: US$0.38 loss per share (vs US$0.25 loss in 1Q 2020)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$7.45m (up 29% from 1Q 2020). Net loss: US$7.21m (loss widened 78% from 1Q 2020).
Reported Earnings • Apr 01Full year 2020 earnings released: US$0.87 loss per share (vs US$0.90 loss in FY 2019)The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$25.2m (up 59% from FY 2019). Net loss: US$15.2m (loss widened 22% from FY 2019).
공시 • Feb 25HyreCar Inc. Announces Executive Leadership AppointmentsHyreCar Inc. announced leadership appointments for newly created executive roles to leverage significant growth opportunities. Brian Allan (58)will assume the role of President, HyreCar Inc. after serving as the company’s Senior Vice-President of Strategic Partnerships. Mr. Allan has led HyreCar’s dealer and strategic partnership initiatives increasing institutional vehicle supply and incremental revenue opportunities since 2018. Mr. Allan joined HyreCar after a 30-year career as Group General Manager at Galpin Motors. Mr. Allan also served on several OEM dealer councils and advisory boards for automotive and technology firms. Ken Grimes (38) will assume the role of Chief Technology Officer after serving as Vice-President, Technology. Mr. Grimes led the technology team after succeeding HyreCar co-founder Abhi Arora in early 2019. Mr. Grimes is a veteran systems engineer and entrepreneur with over 18 years of management, research, and development expertise. His experience includes specialized modernizing legacy tech stacks with hyper-scale technologies including distributed systems, blockchain, and IoT. Megan Behrens (27) will assume the role of Senior Vice-President of Product & Operations after serving in critical roles since HyreCar’s inception in 2016. Ms. Behrens’s most recent position was Vice-President of Product where she held direct responsibility for customer retention, satisfaction, and lifetime value objectives. She also holds a degree in accounting from Cal State Fullerton. The executive appointments are effective March 1, 2021.
공시 • Feb 05HyreCar Inc. has completed a Follow-on Equity Offering in the amount of $25.85 million.HyreCar Inc. has completed a Follow-on Equity Offering in the amount of $25.85 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,200,000 Price\Range: $11.75 Discount Per Security: $0.705
Is New 90 Day High Low • Jan 30New 90-day high: €7.60The company is up 157% from its price of €2.96 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 32% over the same period.
공시 • Jan 29HyrecCar Partners with AmeriDrive Holdings to Create National Network of Vehicle Supply and Fleet Maintenance OperationsHyreCar Inc. announced new and expanded strategic partnerships to significantly increase car supply on the HyreCar platform in key markets. The formal partnerships include AmeriDrive Holdings and Cogent Bank’s Specialty Lending Unit. The infrastructure and capital provided by these partnerships will be leveraged to enable HyreCar to enter the next level of growth and scalability. These companies and their partners represent some of the nation’s most successful organizations that serve the mobility and transportation as a service industry.
Is New 90 Day High Low • Jan 09New 90-day high: €6.65The company is up 109% from its price of €3.18 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 24% over the same period.
Is New 90 Day High Low • Dec 08New 90-day high: €6.40The company is up 121% from its price of €2.90 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
Reported Earnings • Nov 13Third quarter 2020 earnings released: US$0.10 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$6.81m (up 84% from 3Q 2019). Net loss: US$1.84m (loss narrowed 49% from 3Q 2019).
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 55% compared to a 8.5% decline forecast for the Transportation industry in Germany.
Is New 90 Day High Low • Nov 10New 90-day high: €3.70The company is up 18% from its price of €3.14 on 11 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
공시 • Nov 05HyreCar Inc. to Report Q3, 2020 Results on Nov 11, 2020HyreCar Inc. announced that they will report Q3, 2020 results on Nov 11, 2020
Is New 90 Day High Low • Oct 12New 90-day high: €3.32The company is up 36% from its price of €2.44 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
공시 • Aug 08HyreCar Inc. to Report Q2, 2020 Results on Aug 13, 2020HyreCar Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 13, 2020
