Rideshare Rental, Inc. Announces Preliminary Unaudited Earnings Results for the Fourth Quarter and Fiscal Year Ended December 31, 2020
January 19, 2021 at 07:16 pm IST
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Rideshare Rental, Inc. announced preliminary unaudited earnings results for the fourth quarter and fiscal year ended December 31, 2020. For the quarter, the company reported total net revenue of approximately $2.3 million for the fourth quarter of 2020, which is an increase of approximately 30% compared to fourth quarter of 2019.
For the year, the company reported total net revenue of approximately $8 million for fiscal 2020, which is an increase of approximately 11% compared to fiscal 2019.
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.
YAYYO 
