Company: TRUE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001327318-25-000006
Chunk: 12

Company: TrueCar, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 12
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 and 2023, respectively; no shares issued and outstanding at December 31, 2024 and 2023— — Common stock — $0.0001 par value; 1,000,000,000 shares authorized at December 31, 2024 and 2023; 87,190,136 and 91,091,541 shares issued and outstanding at December 31, 2024 and 2023, respectively9 9 Additional paid-in capital711,474 722,504 Accumulated deficit(593,346)(562,298)Total stockholders’ equity118,137 160,215 Total liabilities and stockholders’ equity$159,691 $204,320 

The accompanying notes are an integral part of these consolidated financial statements.

F-4

TrueCar, Inc.

Consolidated Statements of Comprehensive Loss 

(in thousands except per share data)

 Year Ended December 31, 202420232022Revenues$175,598 $158,706 $161,524 Costs and operating expenses:   Cost of revenue (exclusive of depreciation and amortization presented separately below)26,388 15,856 16,213 Sales and marketing95,585 99,050 104,534 Technology and development29,643 42,247 46,090 General and administrative43,127 40,321 44,087 Depreciation and amortization18,035 17,699 16,520 Goodwill impairment— — 59,775 Total costs and operating expenses212,778 215,173 287,219 Loss from operations(37,180)(56,467)(125,695)Interest income6,147 6,718 2,565 Other income— — 40 Gain from equity method investment— — 1,845 Loss before income taxes(31,033)(49,749)(121,245)Provision for (benefit from) income taxes15 17 (2,560)Net loss $(31,048)$(49,766)$(118,685)Net loss per share, basic and diluted$(0.34)$(0.55)$(1.30)Weighted average common shares outstanding, basic and diluted90,159 89,766 91,452 Other comprehensive loss:   Comprehensive loss$(31,048)$(49,