The revenue increase was driven primarily by a higher net revenue margin associated with two new subscription tiers launched in the second quarter.
Adjusted net income for the second quarter 2019 was $71 million.
This represents an increase of 13% when compared to revenue of $3.1 million in the fourth quarter of 2018.
A webcast will also be available for 90 days on the IR section of the HyreCar website.
For the full-year 2018, total revenues were $9.5 billion, an 8% increase versus 2017.
A web replay will be available online following the call.
The company anticipates releasing its annual financial reporting at the end of March.
This significant increase in group revenues was the result of positive growth across all the group’s key markets.
HyreCar also announced that it has expanded access to its proprietary platform for drivers and vehicle owners in all 50 U.S. states.
This webcast and conference call can be accessed through a link on the Investor Relations section of the Hertz website.
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