Waitr Holdings Inc. (WTRH) is focused on utilizing a digital ordering platform. It provides delivery and dine-in options to the customers. It links local eateries and grocery shops to customers in underserved markets. Also, the company enables third parties’ access to provide payment solutions for different businesses.
The price of WTRH stock during March 11, 2022, regular trading was $0.45 with a decline of 3.94%. At the last check of the aftermarket session, its price sinks further by 19.2%.
WTRH: Key Financials
On March 11, 2022, WTRH reported financials for Q4 2021 that ended on December 31, 2021. Some key points are discussed below.
Revenue
Fourth-quarter 2021 net revenues were $38.6 million in comparison to $46.8 million for the comparable period of 2020. It reported a considerable decrease in YoY net revenue.
EPS
Basic and diluted net loss during Q4 2021 was $8.1 million or $0.06 per share against net earnings of $2.6 million or $0.02 per share during the comparable period of 2020. The company observed a decline in its EPS YoY.
WTRH: Events and Happenings
On March 7, 2022, WTRH informed the press about the appointment of Matthew Coy as the company’s CIO with immediate effect. On January 18, 2022, WTRH reported the appointment of Timothy Newton as its Chief Technology Officer with immediate effect.
On January 10, 2022, WTRH announced its Executive management’s participation at the 24th Annual ICR Conference held on January 11, 2022. On January 4, 2022, WTRH updated on its strategic collaboration with Virtual Dining Concepts. The company provides its clients with innumerable dining options via its virtual kitchens.
Conclusion
WTRH stock plunged to a new low in the past year as it reported a downfall of 84% in the span. The current stock position of the company is also not much better as its stock is on a continuous verge of deceleration. Its stock dipped after the financial statement release as the company noted a drop in its earnings and revenue over the year.
