The stock of DoorDash Inc (DASH) closed the recent trading session at $94.89, 6.8% less than the previous trading session. During the last check, the stock of DASH gained 27.83% to $121.3, in the pre-market. DoorDash released the financial results of the fourth quarter of the fiscal year 2021. The company also filed for Form 8-K with the SEC to report their quarterly results.
DASH Financials
On February 16, 2022, DASH released the financial results for the fourth quarter of the fiscal year 2021. The fourth quarter ended on December 31, 2021. The key highlights of the financial results are
- The revenue of DASH was reported to be $1.3 billion during Q4 of FY21, beating analyst expectations of $1.28 billion. Revenue of the company increased by 34% YoY.
- Loss per share of the company during the fourth quarter of FY21 was $0.45.
- The net loss of the company was $155 million during the Q4 of the financial year 2021.
The gross value of orders for DASH increased by 36% during the fourth quarter, YoY, to $11.2 billion. DASH attained 369 million orders during the Q4 of the fiscal year 2021. The company has around 25 million active users, due to which the company recorded $42 billion in order, in the previous year.
CEO Remarks
The CEO of DoorDash Inc (DASH), Tony Xu, said that they ended the fiscal year 2021 with more opportunities. He further said that the expansion of new verticals, services, and topographies gives them more prominent space to drive long-haul growth that will help every investor.
Mr. Xu concluded that they expect to bring extraordinary talent and excellent operations that will grow their capacity to improve local business worldwide.
About DASH
DoorDash, Inc. is an American organization that works as an internet-based food ordering and food delivery stage. DASH was the greatest recipient of stay-at-home patterns during the Covid pandemic, as many individuals depended intensely on food delivery services, rather than eating out at eateries, to try not to spread Covid-19. It is situated in San Francisco, California, United States.
