TrueCar, Inc. (TRUE) Financials

NASDAQ:TRUE

Market Cap

216.15M

Total Revenue

161.52M

Gross Profit

145.31M

Operating Income

-6.14M

Net Income

-118.69M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	133,958,000	206,649,000	259,838,000	277,507,000	323,149,000	353,571,000	353,880,000	278,678,000	231,698,000	161,524,000
costOfRevenue	15,295,000	17,513,000	23,657,000	25,167,000	28,227,000	31,154,000	33,427,000	21,549,000	22,239,000	16,213,000
grossProfit	118,663,000	189,136,000	236,181,000	252,340,000	294,922,000	322,417,000	320,453,000	257,129,000	209,459,000	145,311,000
researchAndDevelopmentExpenses	23,685,000	36,563,000	48,021,000	53,580,000	59,070,000	61,348,000	57,188,000	44,930,000	41,432,000	46,090,000
sellingAndMarketingExpenses	75,180,000	128,569,000	151,002,000	154,406,000	185,397,000	213,415,000	229,342,000	151,915,000	136,479,000	104,534,000
generalAndAdministrativeExpenses	30,857,000	58,296,000	83,494,000	59,908,000	61,646,000	54,140,000	65,148,000	49,989,000	48,747,000	44,087,000
sellingGeneralAndAdministrativeExpenses	106,037,000	186,865,000	234,496,000	214,314,000	247,043,000	267,555,000	294,490,000	201,904,000	185,226,000	148,621,000
operatingExpenses	141,291,000	236,641,000	300,163,000	291,239,000	328,585,000	351,580,000	377,269,000	267,381,000	242,937,000	211,231,000
operatingIncome	-22,628,000	-47,505,000	-63,982,000	-38,899,000	-33,663,000	-29,163,000	-56,816,000	-1,988,000	-33,478,000	-6,145,000
totalOtherIncomeExpensesNet	18,000	37,000	13,000	-2,154,000	-1,350,000	665,000	2,215,000	-17,857,000	-4,685,000	-115,100,000
ebitda	-10,920,000	-34,196,000	-46,216,000	-15,178,000	-9,931,000	-3,172,000	-29,010,000	18,559,000	-12,904,000	14,315,000
depreciationAndAmortization	10,835,000	13,213,000	17,646,000	23,345,000	22,472,000	22,677,000	27,806,000	20,547,000	20,574,000	20,460,000
interestIncome	121,000	59,000	107,000	376,000	1,260,000	3,314,000	3,495,000	462,000	52,000	2,565,000
interestExpense	1,988,000	380,000	443,000	2,530,000	2,610,000	2,649,000	--	--	--	115,100,000
incomeBeforeTax	-24,477,000	-47,789,000	-64,305,000	-41,053,000	-35,013,000	-28,498,000	-54,601,000	-19,845,000	-38,163,000	-121,245,000
incomeTaxExpense	579,000	640,000	606,000	655,000	-2,164,000	-177,000	289,000	-6,000	206,000	-2,560,000
netIncome	-25,056,000	-48,429,000	-64,911,000	-41,708,000	-32,849,000	-28,321,000	-54,890,000	-19,839,000	-38,369,000	-118,685,000
eps	-0.4	-0.68	-0.79	-0.49	-0.35	-0.28	-0.52	-0.19	-0.39	-1.3
epsdiluted	-0.4	-0.68	-0.79	-0.49	-0.35	-0.28	-0.52	-0.19	-0.39	-1.3
weightedAverageShsOut	62,959,000	70,837,000	81,914,000	84,483,000	94,865,000	102,149,000	105,805,000	106,315,000	97,352,000	91,452,000
weightedAverageShsOutDil	62,959,000	70,837,000	81,914,000	84,483,000	94,865,000	102,149,000	105,805,000	106,315,000	97,352,000	91,452,000
costAndExpenses	156,586,000	254,154,000	323,820,000	316,406,000	356,812,000	382,734,000	410,696,000	288,930,000	265,176,000	227,444,000
otherExpenses	18,000	37,000	13,000	23,345,000	22,472,000	22,677,000	25,591,000	20,547,000	16,279,000	16,520,000

Key Facts

Industry

Internet Content & Information

Sector

Communication Services

Headquarters

Santa Monica, CA, US

Website

truecar.com

CEO

Mr. Jantoon E. Reigersman

Employees

441

About the Company

TrueCar, Inc. operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers. The company also offers forecast and consulting services regarding determination of the residual value of an automobile at given future points in time, which are used to underwrite automotive loans and leases, and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. In addition, it provides accurate, geographically specific, and real-time pricing information for consumers and dealers; TrueCar Trade, which gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership; and DealerScience that provides dealers with advanced digital retailing software tools. The company was formerly known as Zag.com Inc. TrueCar, Inc. was incorporated in 2005 and is headquartered in Santa Monica, California.