TrueCar: Q4 Earnings Snapshot

Published February 23, 2023 2:16 AM

SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — TrueCar Inc. (TRUE) on Wednesday reported a loss of $18.1 million in its fourth quarter.

On a per-share basis, the Santa Monica, California-based company said it had a loss of 21 cents. Losses, adjusted for stock option expense, came to 17 cents per share.

The provider of localized information on new car costs posted revenue of $36.7 million in the period.

For the year, the company reported a loss of $118.7 million, or $1.30 per share. Revenue was reported as $161.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRUE at https://www.zacks.com/ap/TRUE

Article Topic Follows: AP National Business

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