EVmo, Inc. Provides Earnings Guidance for the Fiscal Year 2022
November 15, 2022 at 04:00 pm EST
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EVmo, Inc. provided earnings guidance for the fiscal year 2022. For the period, the company expects revenue to be in the range of $13 million and $15 million to reflect the timing of vehicle deliveries.
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.