TrueCar,Inc. (NASDAQ:TRUE) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On August8, 2017, TrueCar, Inc. (the “Company”) announced its financial results for the fiscal quarter ended June30, 2017. The full text of the press release issued in connection with the announcement is furnished as Exhibit99.1 to this Current Report on Form8-K.
The information in Items 2.02 and 9.01 of this Form8-K and the Exhibitattached hereto shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 2.02 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release dated August8, 2017.
TrueCar, Inc. ExhibitEX-99.1 2 a201708-08x17ex991.htm EXHIBIT 99.1 Q2 2017 EARNINGS RELEASE 2017 08-08-17 Ex. 99.1 Exhibit 99.1For Immediate Release TrueCar Reports Second Quarter 2017 Financial Results•Second quarter total revenue up 23% from a year ago to $81.8 million.•Second quarter net loss of $(8.1) million,…To view the full exhibit click here
About TrueCar,Inc. (NASDAQ:TRUE)
TrueCar, Inc. offers a diverse software ecosystem for buying cars. The Company’s software ecosystem is based on a common technology infrastructure, and powered by data and analytics. The Company operates its platform on the TrueCar Website and its branded mobile experience. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for enterprises. Its network of approximately 11,000 TrueCar Certified Dealers consists primarily of new car franchises, as well as independent dealers selling used vehicles. Its subsidiary, ALG, Inc., provides forecasts and consulting services regarding determination of the residual value of an automobile at given future points in time. It obtains automobile purchase data from various sources and uses this data to provide consumers and dealers with geographically specific, real-time pricing information.