Waitr Reports Triple-Digit Growth in Q1 2019

…Gross food sales grew 215 percent to $170.4 million in the first quarter, up $70.4 million on the acquisition. The acquisition also brought in 1.1 million new diners, bringing the total to 2.2 million, up significantly from 541,900 in 2018.

So clearly, it’s more than a double-up based solely on the acquisition. Meaux said the company achieved significant organic growth as well.

As of Q1, the combination of the two companies serves more than 600 cities in 80 market areas across 30 states.

“We solidify our dominance in underserved markets including the addition of 109 new cities, added experienced leaders to round out our leadership team,” said Meaux.

But the losses did add up. For the first quarter, the company lost $9.9 million, compared to a $2.1 million loss in 2018.

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