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|View WPCS Detailed Price Forecast - CNN Money||View WPCS Detailed Summary - Google Finance|
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DropCar Provides Update on B2B Managed Services and SaaS Initiatives
Posted on Thursday September 13, 2018
DropCar, Inc. (DCAR), a leading provider of app-based mobility services and logistics for both automotive business providers and consumers, today issued an update on the progress being made with its B2B managed services and SaaS efforts. This transition has enabled us to accelerate our emphasis on building out our SaaS technology and B2B pipeline while reducing burn and growing positive margins,” stated DropCar CEO Spencer Richardson. In 2016, DropCar (www.dropcar.com) launched its B2B managed services program by offering automotive partners mobility logistics services in New York and has since expanded its B2B managed services program to Washington, D.C, San Francisco and Los Angeles.
DropCar Provides Update on Consumer Self-Park Conversion
Posted on Thursday September 06, 2018
DropCar, Inc. (DCAR), a leading provider of app-based mobility services and logistics for both automotive business providers and consumers, today provided an update on the progress of the conversion from its previous consumer-focused “STEVE” valet parking program to the higher-margin self-parking initiative with optional valet service. According to DropCar CEO Spencer Richardson, “Since announcing last month that, on September 1, 2018, we would begin offering substantially discounted monthly parking at selected garage facilities in New York City, whereby vehicle owners can save upwards of 50% on the cost of parking, we’ve pre-sold over 700 spots through August 31, 2018. A recent article in Crain’s New York indicated that, according to the Metropolitan Parking Association, an industry trade group, over the past year and a half Manhattan garages have experienced a 10% decrease in the number of “transient units” - cars that park by the day or hour. Those cars make up the bulk of business at commercial parking lots.
DropCar Expands Mobility Logistics Service to Los Angeles
Posted on Thursday August 16, 2018
DropCar Inc.(DCAR), a provider of app-based mobility services and logistics software-as-a-service (SaaS) for automotive consumers and enterprises, announced today it is expanding into Los Angeles (LA), California. The initial focus will be on vehicle movements and logistics for the car-sharing unit of one of DropCar’s Tier One automotive partners. DropCar’s services will play a crucial supporting role for the wide range of new transportation options coming to car-centric Los Angeles, from ride-hailing and mobile maintenance, to luxury vehicle subscriptions. As more people enjoy the convenience of these services the companies that provide them are discovering a new set of logistics challenges that can only be addressed by pairing advanced data analytics, machine learning and teams of highly trained drivers.
DropCar Reports Second Quarter 2018 Financial Results
Posted on Tuesday August 14, 2018
DropCar Inc. (DCAR), a provider of app-based mobility services and logistics software-as-a-service (SaaS) for automotive consumers and enterprises, today announced its financial results for the quarter ended June 30, 2018. In addition, DropCar is announcing that on August 9th, it entered into a binding term sheet for the sale of its low voltage contracting unit, and has made changes to its consumer offerings, all designed to increase margins and accelerate the path to profitability. DropCar's enterprise (B2B) segment grew its revenues 135%, from $206,000 to $485,000, year-over-year for the first six months, driven by organic growth of existing enterprise customers and the onboarding of new top-tier automotive partners, particularly in the car sharing segment.