Brief: HyreCar Narrows Guidance Based On Strong Second Quarter Performance

HC Liquidating

12/07/2022 12:11

July 12 (Reuters) - HyreCar Inc  HYRE.O :
    * HYRECAR NARROWS GUIDANCE BASED ON STRONG SECOND QUARTER
PERFORMANCE
    * HYRECAR INC - DEMAND CONTINUED TO INCREASE COMPARED TO
PRIOR
QUARTER DESPITE RECORD HIGH GAS PRICES
    * HYRECAR INC - BELIEVES ITS FOCUS ON GIG RENTALS INSULATED
UTILIZATION AND SPURRED DRIVER DEMAND AMIDST INCREASING
INFLATION AND RECESSIONARY PRESSURE
    * HYRECAR INC - EXPECTS TO REPORT IMPROVED GROSS MARGIN IN
EXCESS
OF BOTH Q1 OF 2022 AND Q4 OF 2021 RESULTS OF 31% AND 34%,
RESPECTIVELY

Source text for Eikon:  ID:nGNX74V1bY 
Further company coverage:  HYRE.O 

 ((Reuters.Briefs@thomsonreuters.com;))