wtrh - WTRH STOCK NEWS

Waitr Holdings Inc. (Nasdaq: WTRH) reported a decrease in Q4 2021 revenue to $38.6 million, down from $46.8 million in Q4 2020 and down 11% from Q3 2021. For the full year, revenue fell to $182.2 million from $204.3 million in 2020. The company posted a net loss of $8.1 million in Q4 2021, compared to a net income of $2.6 million in Q4 2020. Adjusted EBITDA also decreased to $1.7 million in Q4 2021. Despite these challenges, Waitr continues to invest in technology and expansion strategies aimed at long-term growth, including a focus on diversifying services beyond food delivery.

Waitr Holdings Inc. (WTRH) has announced the release of its fourth quarter and full year 2021 financial results, scheduled for March 11, 2022, after market closure. The company will host a conference call at 5:00 PM ET, available via webcast on its investor relations website or by phone. Waitr, headquartered in Lafayette, Louisiana, provides an online ordering platform linking local restaurants and grocery stores to consumers, operating in over 1,000 U.S. cities. Investors can access a replay of the call until March 18, 2022.

Waitr Holdings Inc. (NASDAQ: WTRH) has appointed Matthew Coy as Chief Information Officer. With over 20 years in restaurant technology, Coy previously held leadership roles at Chipotle and Donatos Pizza. He is recognized for driving business innovation and digital transformations. CEO Carl Grimstad praised Coy's expertise, anticipating advancements in Waitr's technology and digital strategies as it expands into multiple delivery verticals. Waitr, founded in 2013, connects local eateries with consumers via its online platform, serving over 1,000 U.S. cities as of September 30, 2021.

Waitr Holdings Inc. (NASDAQ: WTRH) has appointed Timothy Newton as Chief Technology Officer. Newton brings over two decades of IT experience, previously serving in significant roles at Papa John’s and Fat Tuesday. He successfully led technology modernization efforts and improved infrastructure, achieving 99.99% uptime for Papa John’s online ordering system. CEO Carl Grimstad expressed enthusiasm for Newton’s expertise, anticipating benefits as the company expands into new delivery verticals. Waitr operates an online ordering platform that connects diners with local restaurants and grocery stores across the U.S.

Waitr Holdings Inc. (Nasdaq: WTRH) announced that CEO Carl Grimstad will participate in a virtual fireside chat at the 24th Annual ICR Conference on Tuesday, January 11, 2022, starting at 4:30 PM ET. The session will be streamed live on the company's investor relations website and will be available for archiving for 90 days. Founded in 2013 and based in Lafayette, Louisiana, Waitr connects diners with local restaurants and grocery stores, offering delivery, carryout, and dine-in options in over 1,000 U.S. cities.

Waitr Holdings Inc. (NASDAQ: WTRH) announced a partnership with Virtual Dining Concepts (VDC), expanding its delivery options with numerous brands like MrBeast Burger™ and Mariah's Cookies™. This collaboration allows Waitr to offer customers a variety of delivery-only restaurants, enhancing its app's appeal. The agreement includes a referral initiative to create new delivery-only kitchen options for existing partner restaurants, generating additional revenue streams for both Waitr and VDC. This strategic move aims to strengthen Waitr's market presence.

Waitr Holdings Inc. (WTRH) has signed a non-binding letter of intent to acquire Retail Innovation Labs Inc., known as Cova, for $90 million in cash and stock. Cova specializes in point of sale and compliance software for cannabis retailers, handling approximately $2.3 billion in annual cannabis transactions from about 2,000 dispensaries in North America. The acquisition aims to integrate Cova's solutions with Waitr's payment processing and delivery logistics. Additionally, Waitr has secured the domain name ASAP.com, reflecting a branding shift.

Waitr Holdings Inc. (Nasdaq: WTRH) has partnered with Shift4 (Nasdaq: FOUR) to provide the Harbortouch point of sale (POS) system to its 26,000 restaurant partners. This POS-as-a-Service model eliminates upfront costs and includes hardware, software, and 24/7 support. CEO Carl Grimstad highlighted the benefits of streamlined workflows and reduced technology costs, emphasizing a commitment to enhancing the restaurant experience. The integration of Waitr’s delivery services into Shift4’s software is anticipated for 2022, furthering the efficiency of operations.

Waitr Holdings Inc. (Nasdaq: WTRH) reported Q3 2021 results, revealing a revenue drop to $43.4 million, down from $52.7 million in Q3 2020. Year-to-date revenue was $143.5 million, compared to $157.5 million the previous year. However, net income rose to $12.3 million, up from $4.6 million in Q3 2020, with earnings per share at $0.09. Adjusted EBITDA stood at $3.1 million, increasing from Q2 2021's $2.5 million despite operational hurdles from recent hurricanes. The company emphasized ongoing investments in technology and business integrations.