SAN JOSE, Calif., July 14, 2021 (GLOBE NEWSWIRE) -- Sibros, a pioneer of deep Over-the-Air (OTA) connected vehicle systems, today announced it has appointed automotive and technology industry powerhouse, Jay Vijayan to its advisory board. Jay is the former Chief Information Officer of Tesla and is currently Founder and Chief Executive Officer of Tekion, an innovative, hyper-growth technology unicorn serving the automotive retail industry. The appointment comes at a pivotal moment for Sibros as the company continues to build out its best-in-class technology infrastructure and solutions, enabling automotive OEMs direct insight into vehicle health, empowering them with the right tools to mak

Symbiotic transaction accelerates path to profitability and fortifies Company's carsharing leadership position Getaround (NYSE:GETR), the world's first connected carsharing marketplace, today announced the Company has closed on its acquisition of substantially all of the assets of HyreCar (OTC:HYRE), a premier gig carsharing marketplace. The transaction is expected to contribute up to $75 million of run-rate annualized Gross Booking Value and to contribute positive Adjusted EBITDA, accelerating Getaround's path to profitability. Adjusted EBITDA is a non-GAAP financial measure, as further described under "About Non-GAAP Financial Measures'' below. Getaround has acquired substantially all

LOS ANGELES, Feb. 28, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC:HYRE) ("HyreCar" or the "Company") today announced cancellation of its virtual special meeting of stockholders that was scheduled for March 21, 2023. The proposals set forth in the Company's Preliminary Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on February 1, 2023 will not be submitted for the consideration of stockholders. About HyreCar HyreCar Inc. (OTC:HYRE) is a national carsharing marketplace for ridesharing, food, and package delivery via its proprietary technology platform. The company has established a leading presence in Mobility as a Service (MaaS) through individual vehicle

Continues to operate and meet owner and driver needs for a gig-focused digital carsharing marketplace Receives commitment for $5 million in debtor-in-possession financing LOS ANGELES, Feb. 27, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC:HYRE) ("HyreCar" or the "Company"), today announced that it voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware ("Bankruptcy Court") case number 23-10259. The Company has filed various "first day" motions with the Bankruptcy Court requesting customary relief that will enable it to transition into Chapter 11 without material disruption to its ordinary course operations, including paym

LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (OTC:HYRE) ("HyreCar" or the "Company"), the carsharing marketplace for ridesharing and food and package delivery services, today announced that, pursuant to its previously disclosed process to evaluate potential strategic alternatives meant to maximize shareholder value for the Company, the Company's board of directors (the "Board") has retained Northland Capital Markets ("Northland") as its financial advisor. With assistance from Northland and its other advisors, the Board will assess a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, going private transaction, additional financing,

LOS ANGELES, Jan. 24, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced the launch of HyreCar Select, a program where existing and new owners can list and rent higher-value cars through the platform. Previously, vehicle owners on the HyreCar platform were limited to listing standard vehicle offerings such as the Toyota Prius, Nissan Altima, and Hyundai Elantra. While car prices have started to soften, used vehicle values increased by 88% during the pandemic with the higher values disqualifying many newer, desirable vehicles from being listed on the platform. With the launch of HyreCar Sel

LOS ANGELES, Jan. 06, 2023 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced that it had raised $12.25 million in financing. The financing includes an initial tranche of $4.25 million that has been funded and a second tranche of $8 million that is subject to shareholder approval which is anticipated in the first quarter 2023. Less than $1 million in securities issued from the initial tranche will be registered securities and issued off of an S-3 registration statement. The remaining securities from both the initial and second tranches will be issued in a private placement that will be registere

LOS ANGELES, Dec. 12, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced updates on progress of its joint venture with AmeriDrive and changes to its leadership team. On September 6, 2022, HyreCar closed a $100 million revolving line of credit with Credit Suisse and Medalist Partners for its fleet partner, AmeriDrive, to purchase cars for exclusive listing on HyreCar through a joint venture. Since October 19, 2022, the joint venture company has drawn $25 million on the line for the purchase of over 1,300 vehicles, with 1,000 vehicles already acquired. Over 200 net new cars have been i

LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today reported financial results and provided a corporate update for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights The company's joint venture with AmeriDrive, HyreDrive LLC, has deployed over $20 million from the $100 million warehousing line, resulting in over 1,200 new cars purchased dedicated to the HyreCar platformAmeriDrive expects to add an additional 2,000 cars to the HyreCar platform in the next six to nine monthsDriver demand continued to increase, with new driver signups increasing 14% with cos

LOS ANGELES, Nov. 07, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced plans to release its third quarter 2022 financial results on Monday, November 14, 2022 immediately following the close of market. The call will be hosted by Joe Furnari, Chief Executive Officer, and Eduardo Iniguez, interim Chief Financial Officer. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509 (domestic) or 1-412-317-5413 (international). All callers should dial in approximately 10 min

LOS ANGELES, Oct. 18, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for rideshare and food/beverage delivery, today announced CEO Joe Furnari's participation in the LD Micro Main Event XV conference being held from October 25-27, 2022 at the Luxe Sunset Boulevard Hotel in Bel Air, California. Mr. Furnari will be available for one-on-one meetings and will be giving a presentation at 5:00 PM Pacific Time on Wednesday, October 26th. Interested parties can register for and view the webcast of the presentation here. For more information and to book a one-on-one meeting, please contact HyreCar's Investor Relations representative at [email protected]. Event:LD M

LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today reported financial results and provided a corporate update for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights The company's joint venture with AmeriDrive, HyreDrive LLC, has deployed over $20 million from the $100 million warehousing line, resulting in over 1,200 new cars purchased dedicated to the HyreCar platformAmeriDrive expects to add an additional 2,000 cars to the HyreCar platform in the next six to nine monthsDriver demand continued to increase, with new driver signups increasing 14% with cos

LOS ANGELES, Nov. 07, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announced plans to release its third quarter 2022 financial results on Monday, November 14, 2022 immediately following the close of market. The call will be hosted by Joe Furnari, Chief Executive Officer, and Eduardo Iniguez, interim Chief Financial Officer. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509 (domestic) or 1-412-317-5413 (international). All callers should dial in approximately 10 min

LOS ANGELES, Sept. 06, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the leader in carsharing for rideshare and food/beverage delivery, announced today an agreement with a premier global investment bank and Medalist Partners for a $100 million warehousing line of credit. The global investment bank will provide primary financing with Medalist Partners providing $20 million of additional financing. Under the agreement, HyreCar's fleet operator partner, AmeriDrive Holdings, LLC, will use this facility to purchase vehicles for exclusive listing on the HyreCar platform through a bankruptcy-remote joint venture. Through this initial warehousing line, HyreCar expects AmeriDrive to add an

LOS ANGELES, Aug. 15, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today reported financial results and provided a corporate update for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights Revenue was $10.5 million, compared to $9.1 million during the same period of 2021, an increase of approximately 16% from the same quarter last year, achieving the strongest revenue quarter in the company's historyGross margin hit a twelve month high of 35% in Q2 of 2022, improving by over 11 points compared to Q2 of 2021 normalized gross margin of 24%Net loss was ($4.4) million and ea

LOS ANGELES, Aug. 08, 2022 (GLOBE NEWSWIRE) -- HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food and package delivery services, today announces that it will report second quarter 2022 financial results on Monday, August 15, 2022 immediately following the close of market.  Joe Furnari, CEO, Serge De Bock, CFO and Brian Allan, President, will host a conference call at 4:30 p.m. ET on Monday, August 15, 2022 to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509

HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today reported financial results and provided a corporate update for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Revenue was $9.6 million, compared to $7.4 million during the same period of 2021, an increase of approximately 28% from the same quarter last year Net loss was ($5.3) million and earnings per share of ($0.24), compared to ($7.2) million and ($0.37) in the same period last year Adjusted EBITDA of ($4.1) million and adjusted EBITDA per share of ($0.20), also referred to as adjusted net loss per share, compared to ($3.4) million or ($

Conference Call to be held Monday, May 16, 2022, at 4:30 p.m. Eastern Time HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today announces that it will report first quarter 2022 financial results on Monday, May 16, 2022 immediately following the close of market. Joe Furnari, CEO, Serge De Bock, CFO, and Brian Allan, President, will also host a conference call at 4:30 p.m. ET on Monday, May 16, 2022, to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within the U.S. shou

Full-Year Revenues Increased 41% to $35.7 Million 2021 Rental Days Increased 27% to 1,286,000 HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today reported financial results and provided a corporate update for the year ended December 31, 2021. Full-Year 2021 Financial Highlights Revenue was $35.7 million, compared to $25.2 million in 2020, an increase of 41%. Net Loss of ($26.0) million and earnings per share of ($1.26), compared to ($15.2) million and ($0.87) in 2020. Adjusted EBITDA of ($19.3) million and Adjusted EBITDA per share of ($0.93), compared to ($11.0) million or ($0.63) per share in 2020. Cash, Cash Equivale

Conference Call to be held Tuesday March 15, 2022, at 4:15 p.m. Eastern Time HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today announces that it will report fourth quarter and year-end 2021 financial results on Tuesday, March 15, 2022 immediately following the close of market. Joe Furnari, CEO and Serge De Bock, CFO will also host a conference call at 4:15 p.m. ET on Tuesday, March 15, 2022, to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within the U.S. should d

HyreCar Inc. (NASDAQ:HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today reported financial results and provided a corporate update for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Revenue was approximately $9.7 million, compared to approximately $6.8 million during the same period of 2020, an increase of approximately 43% from the same quarter last year. Net loss was ($6.1) million and earnings per share of ($0.29), compared to ($1.8) million and ($0.10) in the same period last year. Adjusted EBITDA of ($5.1) million and adjusted EBITDA per share of ($0.29), also referred to as adjusted net loss per share,

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Ladenburg Thalmann upgraded HyreCar from Neutral to Buy and set a new price target of $10.50 from $15.00 previously

DA Davidson reiterated coverage of HyreCar with a rating of Buy and set a new price target of $16.00 from $22.00 previously

DA Davidson reiterated coverage of HyreCar with a rating of Buy and set a new price target of $22.00 from $25.00 previously

Ladenburg Thalmann downgraded HyreCar from Buy to Neutral and set a new price target of $15.00 from $14.00 previously

DA Davidson initiated coverage of HyreCar with a rating of Buy and set a new price target of $25.00

Lake Street Capital reiterated coverage of HyreCar with a rating of and set a new price target of $19.00 from $7.00 previously

Maxim Group reiterated coverage of HyreCar with a rating of Buy and set a new price target of $18.00 from $7.00 previously

Ladenburg Thalmann upgraded HyreCar from Neutral to Buy and set a new price target of $16.00 from $7.50 previously

Ladenburg Thalmann downgraded HyreCar from Buy to Neutral and set a new price target of $8 from $6 previously

Ladenburg Thalmann downgraded HyreCar from Buy to Neutral and set a new price target of $8 from $6 previously

Gainers Bird Glb (NYSE:BRDS) stock rose 6.6% to $0.26 during Thursday's after-market session. Bird Glb's trading volume hit 420.2K shares by close, accounting for 17.7% of its average volume over the last 100 days. The market value of their outstanding shares is at $81.5 million. Heliogen (NYSE:HLGN) shares moved upwards by 4.76% to $0.73. The market value of their outstanding shares is at $139.7 million. Fathom Digital Mfg (NYSE:FATH) stock moved upwards by 4.45% to $1.41. The market value of their outstanding shares is at $92.4 million. iSun (NASDAQ:ISUN) stock moved upwards by 4.43% to $2.12. The market value of their outstanding shares is at $32.6 million. HyreCar (NASDAQ:HYRE) shar

HyreCar Inc. (NASDAQ:HYRE) today announced the launch of HyreCar Select, a program where existing and new owners can list and rent higher-value cars through the platform. Previously, vehicle owners on the HyreCar platform were limited to listing standard vehicle offerings such as the Toyota Prius, Nissan Altima, and Hyundai Elantra.

Gainers Shapeways Hldgs (NYSE:SHPW) stock moved upwards by 7.1% to $0.56 during Tuesday's after-market session. The company's market cap stands at $27.5 million. Virco Mfg (NASDAQ:VIRC) shares moved upwards by 5.48% to $4.52. The company's market cap stands at $73.2 million. Energous (NASDAQ:WATT) shares moved upwards by 4.89% to $0.84. The market value of their outstanding shares is at $65.5 million. Ideanomics (NASDAQ:IDEX) stock increased by 4.68% to $0.15. Ideanomics's trading volume hit 474.4K shares by close, accounting for 5.1% of its average volume over the last 100 days. The market value of their outstanding shares is at $88.0 million. BlackSky Technology (NYSE:BKSY) stock incr

Gainers Elys Game Technology, Corp. (NASDAQ:ELYS) shares jumped 147% to $0.4312. Elys Game Technology and Cloakbook DC have been granted license to open sportsbook in Washington, D.C. 180 Life Sciences Corp. (NASDAQ:ATNF) climbed 71% to $2.12. 180 Life Sciences announced closing of $6 million registered direct offering priced at-the-market under Nasdaq rules. Neptune Wellness Solutions Inc. (NASDAQ:NEPT) shares jumped 57.7% to $0.4180 on heavy volume. Lanvin Group Holdings Limited (NYSE:LANV) shares gained 50.6% to $0.4180. HTG Molecular Diagnostics, Inc. (NASDAQ:HTGM) shares gained 28.9% to $3.9971. HTG Molecular Diagnostics announced closing of a $10 million public offering. Kaival

  OnFriday, 143 stocks hit new 52-week lows. Areas of Significance In Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Tesla (NASDAQ:TSLA). The smallest company in terms of market cap to set a new 52-week low was Quotient (NASDAQ:QTNT). BIT Mining (NYSE:BTCM)'s stock dropped the most, trading down 774.92% to reach a new 52-week low. Harbor Custom Dev (NASDAQ:HCDI)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks set new 52-week lows on Friday: Tesla (NASDAQ:TSLA) shares hit a yearly low of $121.02. The stock was down 3.15% on the session. Rivian Automotive (NASDAQ:RIVN) shares reac

  On Tuesday, 298 companies achieved new lows for the year. Areas of Interest About Today's 52-Week Lows: Amazon.com (NASDAQ:AMZN) was the biggest company by market cap to set a new 52-week low. The smallest company on a market cap basis to set a new 52-week low was Panbela Therapeutics (NASDAQ:PBLA). SINTX Technologies (NASDAQ:SINT) was the biggest loser of the morning session, as it dropped 8282.54% to reach its new 52-week low. OPKO Health (NASDAQ:OPK) shares bounced back the most, actually rising 0.0% after hiting a new 52-week low. Stocks dropping to new 52-week lows on Tuesday: Amazon.com (NASDAQ:AMZN) stock hit $84.33 on Tuesday morning, setting a new 52-week low for a ch