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Started By
Message
1
Posted on 4/23/19 at 12:53 pm to Statestreet
Is it too late for me to sell? Bought in at $10.49
Posted on 4/23/19 at 9:35 pm to braud2go
Buy more.
Posted on 4/24/19 at 12:28 pm to bayoubengals88
What makes you think that? Everything I read about it says stay away
Posted on 5/4/19 at 9:11 am to Tigerb869
So there are about 22 million shares in stock options that will be cleared to trade on May 18th, and WTRH reports earnings the week before. Bad news and a lot of options selling and it could be a big drop upcoming. The only opposing force is the short ratio is quite high meaning a squeeze could happen (Ride the climb! Whip the shorts!)
Overall though, the poster saying the real valuation is closer to $5 per share might be on to something.
Overall though, the poster saying the real valuation is closer to $5 per share might be on to something.
Posted on 5/8/19 at 3:55 pm to TDFreak
What was the aftermarket jump this afternoon about?
Posted on 5/8/19 at 4:03 pm to Suntiger
Earnings
Posted on 5/8/19 at 4:06 pm to Suntiger
“We are very pleased with our results this quarter, including revenue growth of 287%, which was a combination of Waitr driven organic growth and the successful acquisition of Bite Squad on January 17,” said Chris Meaux, founder and Chief Executive Officer of Waitr. “Importantly, we continued to accelerate growth in the markets that we currently serve by increasing restaurant selection and growing our active diner base. During the first quarter, we added more than 3,600 restaurants, more than 240,000 active diners and we continued to expand by adding service to 49 new cities. Our continued rapid growth gives me confidence that we have the right team, the right business model and the right technology in place to optimize our pursuit of the large and growing off premise market in the United States. 2019 is proving to be a transformational year as we invest in continued growth, integrate Bite Squad and make strategic infrastructure investments that will strengthen our foundation and allow us to grow aggressively and efficiently into 2020 and beyond.”
First Quarter 2019 Financial Highlights
•
Revenue for the first quarter of 2019 increased 287% to $48.0 million compared to $12.4 million in the first quarter of 2018. Revenue related to the Bite Squad Merger totaled $22.9 million from the acquisition date through March 31, 2019. On a pro forma basis, revenue for the first quarter of 2019 increased 78% to $52.3 million compared to $29.4 million in the first quarter of 2018.
•
Net loss for the first quarter of 2019 was $24.7 million, or $0.38 per diluted share, compared to a loss of $3.4 million, or $0.34 per diluted share, in the first quarter of 2018. Net loss included $6.9 million of one-time business combination specific expenses related to the Bite Squad transaction and $2.1 million of non-cash stock compensation expenses.
•
Adjusted EBITDA1 for the first quarter of 2019 was a loss of $9.9 million compared to a loss of $2.1 million in the first quarter of 2018.
First Quarter 2019 Key Business Metrics
•
Gross Food Sales2 for the first quarter of 2019 increased 215% to $170.4 million compared to $54.1 million in the first quarter of 2018. Gross Food Sales related to the Bite Squad Merger totaled $70.4 million from the acquisition date through March 31, 2019.
•
Active Diners for the first quarter of 2019 increased 309% to 2.2 million compared to 541.9 thousand for the first quarter of 2018. Active Diners related to the Bite Squad Merger totaled 1.1 million as of March 31, 2019.
Recent Developments
•
On February 25, 2019, Waitr announced the completion and settlement of its exchange offer and consent solicitation relating to its publicly traded warrants.
1
Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of GAAP net loss to Adjusted EBITDA is included in the accompanying financial data. See also “Non-GAAP Financial Measure,” included herein.
2
Gross Food Sales represents food and beverage receipts, plus taxes, prepaid gratuities and diner fees.
Full Year 2019 Outlook
The combination of our strong start to the year, progress in new markets and most importantly positive momentum in existing markets makes us increasingly confident that we will now exceed our initial pro forma revenue guidance of $250 million.
First Quarter 2019 Financial Highlights
•
Revenue for the first quarter of 2019 increased 287% to $48.0 million compared to $12.4 million in the first quarter of 2018. Revenue related to the Bite Squad Merger totaled $22.9 million from the acquisition date through March 31, 2019. On a pro forma basis, revenue for the first quarter of 2019 increased 78% to $52.3 million compared to $29.4 million in the first quarter of 2018.
•
Net loss for the first quarter of 2019 was $24.7 million, or $0.38 per diluted share, compared to a loss of $3.4 million, or $0.34 per diluted share, in the first quarter of 2018. Net loss included $6.9 million of one-time business combination specific expenses related to the Bite Squad transaction and $2.1 million of non-cash stock compensation expenses.
•
Adjusted EBITDA1 for the first quarter of 2019 was a loss of $9.9 million compared to a loss of $2.1 million in the first quarter of 2018.
First Quarter 2019 Key Business Metrics
•
Gross Food Sales2 for the first quarter of 2019 increased 215% to $170.4 million compared to $54.1 million in the first quarter of 2018. Gross Food Sales related to the Bite Squad Merger totaled $70.4 million from the acquisition date through March 31, 2019.
•
Active Diners for the first quarter of 2019 increased 309% to 2.2 million compared to 541.9 thousand for the first quarter of 2018. Active Diners related to the Bite Squad Merger totaled 1.1 million as of March 31, 2019.
Recent Developments
•
On February 25, 2019, Waitr announced the completion and settlement of its exchange offer and consent solicitation relating to its publicly traded warrants.
1
Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of GAAP net loss to Adjusted EBITDA is included in the accompanying financial data. See also “Non-GAAP Financial Measure,” included herein.
2
Gross Food Sales represents food and beverage receipts, plus taxes, prepaid gratuities and diner fees.
Full Year 2019 Outlook
The combination of our strong start to the year, progress in new markets and most importantly positive momentum in existing markets makes us increasingly confident that we will now exceed our initial pro forma revenue guidance of $250 million.
Posted on 5/8/19 at 7:23 pm to TigerMan79
I bought in ahead of earnings today.
Very pleased with the news.
I hope the shorts run this baby up trying to cover tomorrow.
Very pleased with the news.
I hope the shorts run this baby up trying to cover tomorrow.
Posted on 5/16/19 at 1:21 pm to TDFreak
They will hit my target of 5.50 soon. 52wk high is 100+ percent away.
No profitable quarters, uber eats infiltrating thier small market model, and drivers have formed a class in regards to wages.
No profitable quarters, uber eats infiltrating thier small market model, and drivers have formed a class in regards to wages.
This post was edited on 5/16/19 at 1:25 pm
Posted on 5/16/19 at 2:34 pm to brokelikeajoke
quote:
They will hit my target of 5.50 soon. 52wk high is 100+ percent away.
If they do, I am jumping back in. I had bought at slightly over $10 earlier this year then sold at $13.25. I'll definitely get back in at some point
Posted on 5/21/19 at 12:23 pm to rowbear1922
Sub-7 now
Posted on 5/21/19 at 12:46 pm to castorinho
quote:
Sub-7 now
It's definitely tempting. I may wait this one out a little longer.
Posted on 5/21/19 at 6:58 pm to rowbear1922
quote:
• Waitr Holdings (NASDAQ:WTRH) is up 2.2% after hours following the disclosure that CEO/Chairman Christopher Meaux has bought 135,135 shares today.
• At an average price of $7.40, that comes to about $1M worth.
• After the transaction, Meaux beneficially owns 4,947,179 shares -- about $33.9M worth as of today's close.
• Director Steven Scheinthal also filed today for a purchase of 10,000 shares at a price of $6.80.
Posted on 5/22/19 at 8:13 pm to rowbear1922
I know little about playing in stock market, but have been reading this board looking through all the advise and discussion. I have some $$$ to play with. Would this be a good buy to turn over some $$$ short term, or should I wait for it to go under $7
This post was edited on 5/22/19 at 8:14 pm
Posted on 6/5/19 at 1:15 pm to TDFreak
quote:looks like it may hit the 5.xx soon
So there are about 22 million shares in stock options that will be cleared to trade on May 18th, and WTRH reports earnings the week before. Bad news and a lot of options selling and it could be a big drop upcoming. The only opposing force is the short ratio is quite high meaning a squeeze could happen (Ride the climb! Whip the shorts!)
Overall though, the poster saying the real valuation is closer to $5 per share might be on to something.
Posted on 6/5/19 at 3:18 pm to castorinho
Opps, wrong thread.
I'll buy WTRH again at $5/share.
I'll buy WTRH again at $5/share.
This post was edited on 6/5/19 at 4:22 pm
Posted on 6/5/19 at 10:38 pm to rowbear1922
Currently at $6.32/share. Almost to $5.
But short ratio is > 11. Thats pretty high.
Will we see a bounce for a little bit?
But short ratio is > 11. Thats pretty high.
Will we see a bounce for a little bit?
Posted on 6/6/19 at 10:18 am to rowbear1922
quote:
I'll buy WTRH again at $5/share.
Looks like you might not have to wait very long for that.
Posted on 6/21/19 at 2:14 pm to KamaCausey_LSU
5.30
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