SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — TrueCar Inc. (TRUE) on Monday reported a loss of $19.6 million in its first quarter.
On a per-share basis, the Santa Monica, California-based company said it had a loss of 22 cents. Losses, adjusted for stock option expense and non-recurring costs, were 16 cents per share.
The provider of localized information on new car costs posted revenue of $37 million in the period.
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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
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