TrueCar (TRUE) Tops Q3 EPS by 2c, Revenue Beats
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TrueCar Reports Third Quarter 2015 Financial Results
November 5, 2015 4:08 PM ESTThird quarter total revenue up 28% from a year ago to a record $72.4 million; best-ever transaction revenue of $67.4 million, up 30% year over year. TrueCar users purchased 208,034 vehicles from TrueCar Certified Dealers, up 21% year over year and the most in company history. Net loss of $(11.1) million, or $(0.13) per share, compared to net loss of $(14.7) million, or $(0.18) per share, in the second quarter of 2015. Third quarter Non-GAAP net loss(1) of $(2.1) million, or $(0.03) per share, compared to Non-GAAP net loss of $(3.8) million, or $(0.05) per share, in the second quarter of 2015. Third quarter Adjusted EBITDA(2) of $2.7 million, representing an... More
