Waitr Holdings (WTRH) Misses Q4 EPS by 44c, Revenues Beat; Provides Pro Forma FY19 Revenue Guidance

Waitr Holdings (NASDAQ: WTRH) reported Q4 EPS of ($0.52), $0.44 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $21.3 million versus the consensus estimate of $19.44 million.

…Fourth Quarter 2018 Financial Highlights Compared to Fourth Quarter 2017

  • Revenue for the fourth quarter of 2018 increased 148% to $21.3 million compared to $8.6 million in the fourth quarter of 2017.
  • Gross Food Sales1 for the fourth quarter of 2018 increased 113% to $83.4 million compared to $39.2 million in the fourth quarter of 2017.
  • Net loss for the fourth quarter of 2018 was $17.0 million, or $0.52 per diluted share, compared to a loss of $15.5 million, or $1.55 per diluted share, in the fourth quarter of 2017.
  • Adjusted EBITDA2 for the fourth quarter of 2018 was $(6.4) million compared to $(3.9) million in the fourth quarter of 2017.

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