|Bid||0.8600 x 1100|
|Ask||0.8800 x 1100|
|Day's Range||0.8407 - 0.9150|
|52 Week Range||0.5100 - 6.3600|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 31, 2020 - Apr 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.00|
Q3 Shows 133% Increase in Gross Profit and 83% Decrease in Net Loss Versus Prior Year as Company Continues Evaluating Strategic Opportunities
Over 50% Expense Reduction with Continued Improved Margins and Liquidity as Company Continues Evaluating Strategic Opportunities
Revenue Passes $6 million, Cash Position Strengthens and Operating Results Improve Due to Expense Reductions, Efficiency Gains, New Deals, and 132% Growth in B2B Sales
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DropCar, Inc. (DCAR), a provider of last mile logistics technology, mobility services and cloud based software for both the automotive industry and consumers, today announced that the Company has initiated a process to evaluate strategic opportunities to maximize shareholder value. While management continues to focus on the Company’s business activities and operations, this process will consider a range of potential strategic opportunities including, but not limited to, business combinations. As announced by the Company on September 25, 2018, the Listing Qualifications Department of the Nasdaq Stock Market granted the Company a 180-day period to regain compliance with the requirement of a minimum $1.00 per share closing bid price of its common stock for ten (10) consecutive business days for continued inclusion on the Nasdaq Capital Market.