Waitr Pre-Announces Strong Second Quarter

Waitr, the Louisiana-based company that acquired Bite Squad and went public in 2018, shared some strong results ahead of its quarterly release after several difficult, money-losing quarters. According to Carl Grimstad, Waitr’s chairman and CEO, the strong performance is part COVID-19 and part sweeping changes the company undertook in late 2019 and early 2020. Those […]

Why Waitr expects to report its 1st profitable quarter since going public

Online food delivery company Waitr Holdings Inc. is projecting its first profitable quarter since the company went public in 2018 from a surge in demand caused by the coronavirus pandemic. Waitr estimates its second-quarter profit at $8 million compared to a $24.6 million loss for the same period a year ago. The company’s full balance sheet […]

Waitr Stock Is a Buy Thanks to Covid-19 and M&A Potential

Waitr (NASDAQ:WTRH) is best known on Wall Street as that online food delivery company which — unlike its peers — failed to succeed in a booming space. Waitr stock cratered for what seemed like a good reason. While the likes of GrubHub (NYSE:GRUB), Postmates and DoorDash command multi-billion dollar valuations, Waitr features a measly $250 million market cap, and the stock price has done […]

Lafayette-based Waitr adds 225 customer service, dispatch jobs in Louisiana

Lafayette-based Waitr has expanded its customer service and dispatch teams, dropping plans to locate jobs in Mexico and adding more than 200 positions in Louisiana in the first half of the year, the company announced Tuesday. “We believe it’s important to support our communities during these times and are pleased to have been able to […]

Lafayette-based Waitr meets projections, records $2.1 million first quarter loss

Lafayette-based food delivery service Waitr on Thursday reported a loss of $2.1 million, or $0.03 per share, for the first quarter, meeting analyst projections and recording its first profitable month in the process. In April, the company released some preliminary findings for the first quarter and said the company was expected to be $2 million to […]

Waitr losses narrow during first quarter, sees uptick in demand for food delivery

Louisiana-based online food delivery company Waitr Holdings Inc. saw a net loss of $2.1 million during first quarter, compared to $24.7 million in the red during first quarter 2019.  Waitr had projected a net loss between $2 million and $3 million several weeks ago for first quarter results.  Waitr has seen a boost in demand […]

Delivery Service Waitr Is Supposedly Rebounding During the Pandemic

In the midst of a pandemic, it seems beleaguered third-party delivery service Waitr is seeing some uptick in demand for its service. After a slump in March, the Louisiana-based company says it has seen an increase in orders as more people stay at home under shelter-in-place orders, according to The Advocate. It’s been a rough several […]

Waitr touts first profitable month ever

After a tumultuous year including a company restructuring, Waitr announced this morning that February was its first-ever profitable month.  Preliminary revenue for the first quarter was approximately $44 million, according to the company, down from the $48 million reported for the first quarter of 2019, but still up from the $12.4 million reported for Q1 […]

Waitr was $291 million in the red during 2019, cash on hand drops to $30 million

Louisiana online food delivery ordering tech startup Waitr Holdings Inc. was $291 million in the red during 2019, which is a loss of $4 per share, compared to a $34 million, or $2 per share, loss in 2018.  Waitr’s fourth-quarter earnings were also down as it lost $21.6 million in the last three months of […]

TASCHINGER: Waitr’s app is better than its business model

The smartphone app that allows you to order food from a smorgasbord of restaurants and get it delivered to your door is brilliant. It’s easy, fast and efficient. (It may cause you to spend too much on meals you could prepare for yourself instead, but that’s another column.) Yet this killer app, and countless others […]