TSXV:MRS.H - Post by User
Comment by
mjt2020on Jun 03, 2020 10:05am
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Post# 31106027
RE:RE:A little research to date.
RE:RE:A little research to date.I think it's the overall picture that is different here. FEMA, US Millitary Logistics, and Lyft are each very large organizations.
Re contract splitting, the PR did say it was a sizeable portion of their drivers. There will of course be competition but Lyft has 2 million drivers and this is the first announcement out of the relationship. Assuming they're doing it like Uber where the parent company pays for all the PPE products by reimbursing drivers, pretty much all the drivers will be hopping on board.
MRS needs to now prove they can deliver with good margins which is why everyone wants to see 2019/q1 2020 numbers. However, a Lyft contract is a huge stride both for sales and for credibility when walking into new businesses seeking contracts.
Now they need to deliver....