truecar extended partner digital activation

The past year was one of sharp contrasts between the first and second halves.

Q4 2021 | Stockholder letter 3 To Our Fellow Stockholders: A Look back at 2021. (3) Average Monthly Unique Visitors Key Fourth Quarter 2021 Metrics (1) From continuing operations (2) Refer to the accompanying financial tables for further details and a reconciliation of the non-GAAP measures presented to the most directly comparable GAAP measures located at the end of this letter. We will continue to invest in TrueCar+ over the course of 2022, and subsequently, as we work to scale the offering across other states.

Additionally, we plan to have full market and brand coverage in Florida for new cars and a robust, statewide used car offering by the end of the second quarter. TrueCar+ rollout and expansion: Commercial launch for TrueCar+ is expected by the end of Q1 2022. Financial flexibility: Our balance sheet remained strong with cash and equivalents of approximately $245 million as of Decemand no debt. Adjusted EBITDA(1),(2): $(3.4) million, as compared to $6.1 million in the fourth quarter of 2020 and $1.5 million in the third quarter of 2021.

Net Loss(1): $15.8 million, as compared to $7.7 million in the fourth quarter of 2020 and $7.0 million in the third quarter of 2021. Q4 2021 | Stockholder letter 2 Fourth Quarter 2021 Results and Highlights Revenue: $45.9 million, down 28.3% year over year and 16.6% sequentially, due primarily to limited new vehicle inventories across dealers, a consequence of the macro environment, including the continuing automobile semiconductor chip shortage.

Truecar extended partner digital activation