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Stock impact report

TrueCar Reports Third Quarter 2019 Financial Results

TrueCar, Inc. (TRUE) 
Last truecar, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.true.com/investor-relations
Company Research Source: GlobeNewswire
SANTA MONICA, Calif., Nov. 07, 2019 (GLOBE NEWSWIRE) -- TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the third quarter ended September 30, 2019. Third Quarter 2019 Financial Highlights Third quarter total revenue down 3.2% from a year ago at $90.6 million.Third quarter net loss of $(7.7) million, or $(0.07) per share, compared to net loss of $(6.3) million, or $(0.06) per share, in the third quarter of 2018.Third quarter Non-GAAP net income(1) of $0.5 million, or $0.00 per share, compared to Non-GAAP net income of $4.3 million, or $0.04 per share, in the third quarter of 2018.Third quarter Adjusted EBITDA(2) of $5.9 million, representing an Adjusted EBITDA margin(3) of 6.5%, compared to Adjusted EBITDA of $10.0 million, representing an Adjusted EBITDA margin of 10.7%, in the third quarter of 2018. Management Commentary "I can truly sense a change in the momentum here within the walls of TrueCar," said Mike Darrow, TrueCar's Interim CEO & President. "We Show less Read more
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