Treatment.com AI to Present at The 2024 Cantech Letter Conference in Toronto, ONTreatment.com AI CEO, Dr. Essam Hamza, is to present live at 11:00 AM ET on Wednesday, October 9, 2024October 01, 2024 8:30 AM EDT | Source: Cantech LetterVancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Treatment.com AI Inc. (CSE: TRUE) (OTCQB: TREIF) (FSE: 939) ("Treatment"), a healthcare tech company focused on transforming patient care with AI-driven Clinical insights, is pleased to announce it ...

SANTA MONICA, Calif., Aug. 16, 2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced that its Chief People Officer & Operations, Jill Angel, has been appointed as Chief Operating Officer, effective immediately. In this position, Ms. Angel is expected to continue to play a significant role in TrueCar's efforts to meet its long-term operational goals and oversee TrueCar's sales operations, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36449 TRUECAR, INC. (Exact name of registrant as specified in its charter) Delaware 04-3807511 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I ...

Financial Data and Key Metrics Changes - In Q2 2024, total revenue was $41.8 million, reflecting a year-over-year growth of 6.4% and a quarter-over-quarter growth of 1.8% [8] - Adjusted EBITDA profitability was achieved at $0.1 million, marking a $5.4 million improvement year-over-year [8] - The CDK Global malware attack is estimated to have caused approximately $750,000 in lost revenue during the quarter [9] Business Line Data and Key Metrics Changes - The launch of TrueCar+ on July 17, 2024, allows consumers to purchase over 3,000 vehicles online, marking a significant step in the company's service offerings [9][19] - Revenue from TrueCar Marketing Solutions products grew from zero to a $1 million quarterly run rate, indicating strong adoption among dealers [18] - OEM incentive revenue declined by 14% year-over-year and 37% sequentially due to timing issues related to new program activations [15] Market Data and Key Metrics Changes - New vehicle sales grew by 19.5% quarter-over-quarter, compared to an industry-wide growth of 8.9% [14] - The company is entering a market environment with increasing vehicle supply, which is expected to positively impact sales [13] Company Strategy and Development Direction - The company aims to return to $300 million in revenue by 2026, with a long-term growth target of over 20% [12][23] - Key strategies include activating new dealers, reducing dealer churn, growing average revenue per dealer, and expanding OEM partnerships [12] - The company is focused on enhancing its value proposition to dealers by providing better support and innovative solutions [12][63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth profile of the business despite challenges posed by the CDK malware attack and market conditions [16][33] - The management highlighted the importance of adapting to changing dealer needs and market dynamics to drive sales efficiency [61] - There is optimism regarding the recovery of OEM incentive revenue in the second half of the year, driven by increased dealer engagement [33] Other Important Information - The company has a strong balance sheet with no debt and approximately $180 million in cash equivalents at the end of Q2 [24] - Share repurchases totaled 425,000 shares for $1.2 million during Q2, with an additional 1.26 million shares repurchased for $4.5 million in early July [24] Q&A Session Summary Question: Can you elaborate on the drivers behind the highest level of revenue activations and upgrades in Q2? - Management indicated that macro changes and improved sales team effectiveness contributed to the revenue activations, alongside the launch of new product offerings [27][30] Question: What updates can you provide on OEM incentives revenue and the impact of the CDK hack? - Management noted that the pressure on OEMs is increasing, and they are optimistic about revenue growth in the OEM segment despite the recent challenges [33] Question: How should we think about the direct channel and advertising spend in the back half of the year? - Management acknowledged that while advertising spend increased, the impact on unit growth may take time to materialize, and they remain focused on driving consumer demand [40][43] Question: Can you discuss the sequential decline in gross margins? - The decline was attributed to the expanded TrueCar wholesale solutions product offering, which has a lower margin profile compared to previous models [48] Question: What is the timeline for scaling TC+ and how has the initial launch gone? - Management reported that the initial launch has gone well, with ongoing learning and adjustments being made to improve the product before scaling [66][70]

TrueCar® SUPPLEMENTAL MATERIALS Second Quarter 2024 Quarter Ended June 30, 2024 SUPPLEMENTAL MATERIALS 2 Important Information This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation, including our expectations regarding future expected revenue growth and free cash flow margins, are forward-looking statements. These forwardlooking statements are subject to a number of risks, uncertainties and assumptions that may prove inc ...

Q2 2024 Stockholder Letter Buy your car online. Have it delivered. Meet TrueC Actual photo of our billboard located off US 101, near San Francisco International Airport. Photo taken on August 3rd, 2024. To Our Fellow Stockholders As we review the results of our second quarter performance, we have taken the opportunity to reflect on our exciting long-term goals for TrueCar and the progress we are making towards our targets. We have established ambitious goals for our organization, and we remain steadfast in ...

TrueCar (TRUE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the ...

Live call and webcast will occur on August 6 at 9:00 a.m. ETSANTA MONICA, Calif., July 23, 2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) will report financial results for the second quarter ended June 30, 2024 on Monday, August 5, 2024 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com.Jantoon Reigersman, President and Chief Executive Officer, and Oliver Foley, Chief Financial Officer, will host a call on Tuesday August 6 a ...

SANTA MONICA, Calif., July 17, 2024 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most trusted digital automotive marketplace, today proudly announces the launch of the next evolution of TrueCar+ (www.truecar.com/plus), which now empowers consumers – for the first time – to purchase from over 3,200 new, used, and certified pre-owned vehicles from start to finish completely online.Whereas other online car shopping platforms are limited to used vehicles only, do not include key purchasing steps, or are ex ...

Stagwell's (STGW) Brand New Galaxy rebrands as Assembly, bolstering Assembly's media and more capabilities across the consumer journeyWARSAW, Poland and NEW YORK, June 6, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced that Brand New Galaxy is rebranding as Assembly and bringing expanded digital commerce capabilities and expertise into Assembly around the globe. This new and bigger Assembly of data, talent, and tech enables the connection of ...