WTRH - Waitr to be known as ASAP drops 18% after Q2 results
- Waitr ( NASDAQ: WTRH ) Q2 revenue drops 37% Y/Y to $31.17M due in part to macroeconomic factors in our markets affecting order flow; beats consensus by $0.17M.
- Average Daily Orders were 18,070 for the quarter.
- Active Diners as of August 8, 2022 were ~1.3M.
- Adjusted EBITDA loss of $3.6M, compared to Adjusted EBITDA of $2.5M.
- As of June 30, 2022, cash on hand was $28.2M.
- Net loss of 2022 was $11.7M; GAAP EPS of -$0.07.
- Sell side analyst give the stock a Strong Buy rating and score of 5.00 and an average price target of $2, currently the stock trades at $0.39 and has dropped 50% on a YTD basis.
- Previously (Aug. 8): Waitr GAAP EPS of -$0.07, revenue of $31.17M beats by $0.17M
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Waitr to be known as ASAP drops 18% after Q2 results