wtrh - WTRH STOCK NEWS

Waitr Holdings Inc. (Nasdaq: WTRH) has partnered with PDQ restaurants to expand food delivery services in select Florida markets. This partnership enhances Waitr's offerings, adding PDQ's popular menu items, including fresh chicken tenders and the new Spicy Chicken Sandwich. Additionally, Waitr has improved its delivery capabilities by integrating with various delivery management platforms. Both companies are committed to community support, with PDQ donating $20,000 to the Second Harvest Food Bank last October, and Waitr conducting a holiday food drive that provided 1,200 meals.

Waitr Holdings Inc. (Nasdaq: WTRH) has successfully onboarded its integration with Otter, a leading delivery management platform. This partnership enhances order accuracy and efficiency for restaurant partners, enabling them to manage orders through a single tablet. Otter's features allow for streamlined operations, auto-acceptance of orders, and access to comprehensive performance data. CEO Carl Grimstad emphasized the importance of this collaboration in improving restaurant efficiency and customer satisfaction. Waitr operates in over 700 cities across the U.S., connecting diners with local restaurants and grocery stores.

Waitr Holdings Inc. (Nasdaq: WTRH) has announced a definitive agreement to acquire the assets of Delivery Dudes for approximately $23 million in stock and cash. This acquisition allows Waitr to expand its footprint in the Florida delivery marketplace, leveraging Delivery Dudes' established brand and trained staff. Both companies express optimism about future growth and collaboration. This transaction is expected to close by the end of next week, pending closing conditions.

Waitr Holdings Inc. (WTRH) reported strong financial results for Q4 and the full year 2020, with Q4 revenue rising to $46.8 million, up from $43.1 million in Q4 2019. The annual revenue increased to $204.3 million from $191.7 million. The company achieved net income of $2.6 million, a significant recovery from a net loss of $21.6 million the previous year. Adjusted EBITDA surged to $9.9 million in Q4 2020, compared to a loss of $14.4 million in Q4 2019. Cash on hand was $84.7 million as of December 31, 2020, supporting ongoing operations and growth initiatives.

Waitr Holdings Inc. (WTRH) has announced a partnership with Flow Payments to develop a compliant marketplace and payment solution for cannabis dispensaries. This collaboration will integrate Waitr’s delivery technology with Flow Payments’ payment processing expertise, creating a platform for the legal sale and delivery of cannabis. CEO Carl Grimstad highlighted this as a strategic pivot into new verticals, aligning with evolving regulations in the cannabis sector and aiming to enhance shareholder value.

Waitr Holdings Inc. (Nasdaq: WTRH) plans to release its fourth quarter 2020 financial results on March 8, 2021, after market close. A conference call will follow at 5:00 PM ET, accessible via their investor relations website or by phone. Waitr, established in 2013, focuses on on-demand food ordering and delivery, servicing over 700 cities in the U.S. through its brands Waitr and Bite Squad. This event is crucial for stakeholders seeking insights into the company's financial performance.

Waitr Holdings (Nasdaq: WTRH) has successfully integrated partnerships with Chowly and ItsaCheckmate, enhancing operational efficiency for top restaurant brands like Five Guys and Church’s Chicken. These integrations aim to streamline order processing, leading to increased revenue and faster deliveries. Over the past six months, Waitr has also launched dine-in tableside service and expanded grocery delivery. CEO Carl Grimstad highlights that these technological investments will benefit restaurants and customers alike, promoting growth and satisfaction.

Waitr Holdings Inc. (Nasdaq:WTRH) has announced a partnership with Nextbite to introduce delivery-only restaurant concepts on the Waitr and Bite Squad platforms. This collaboration will enhance the restaurant selection available to customers, highlighting the shift towards virtual kitchens in response to increased demand for off-premise meals. New virtual brands include Monster Mac, Wild Wild Wings, and CraveBurger, all aiming to cater to evolving consumer preferences backed by data-driven insights. This strategic move strengthens Waitr's market position and promises to drive more orders and revenue.

Waitr Holdings Inc. (Nasdaq: WTRH) has announced its full integration with Ordermark, enhancing operational efficiency for restaurants using Waitr and Bite Squad apps. This new system allows orders to be processed through a unified dashboard, improving delivery speed and simplifying online menu management by eliminating multiple tablets. Ordermark aims to increase order flow and revenue for restaurants by streamlining the online ordering process. The partnership focuses on helping restaurants adapt to changing consumer behaviors, ultimately benefiting their profitability.