Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Waitr Stock Popped Today

TheMotleyFool

0 0

Shares of Waitr (NASDAQ: WTRH) have popped today, up by 16% as of 1:45 p.m. EDT, after the company reported first-quarter earnings. The regional food delivery tech platform beat top-line expectations and said online order activity has jumped.

Revenue in the first quarter came in at $44.2 million, slightly ahead of the $43.2 million in sales that analysts were modeling for. Net loss was $2.1 million, or $0.03 per share, which was exactly how much red ink Wall Street was expecting. Adjusted EBITDA was $3.7 million, compared to negative $9.9 million a year ago. Average daily orders in Q1 were approximately 37,500, and Waitr had over 2 million active diners at the end of the quarter.

Image source: Getty Images.

Source Fool.com

Like: 0

WTRH

Share