EVmo, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 17, 2022 at 02:14 am IST
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EVmo, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 2.46 million compared to USD 2.29 million a year ago. Net loss was USD 1.51 million compared to USD 4.42 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.13 a year ago.
YayYo, Inc. is a holding company engaged in the ridesharing and transportation industry. The Company operates through its subsidiaries, Distinct Cars, LLC and Rideshare Car Rentals LLC, and is a provider of standard rental vehicles to drivers in the ridesharing industry. It operates in two business segments, Rideshare Platform, and Fleet Management. Through the Rideshare platform, the Company develops a peer-to-peer online booking platform to rent standard passenger vehicles to self-employed ridesharing drivers. It serves as a central marketplace that connects the Company's fleet management vehicles, other fleet owners and selected individual car owners with Rideshare drivers seeking rental vehicles. Through the Fleet Management segment, the Company focuses on the maintenance of a fleet of standard passenger vehicles that are commercially available through the Rideshare platform. The Company's subsidiaries also include Savvy LLC, and Rideyayyo LLC.
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