Waitr Holdings NasdaqCM:WTRH Stock Report

Waitr Holdings Inc. to Report Q2, 2022 Results on Aug 08, 2022

Waitr Holdings Inc. Begins Florist Deliveries

Waitr Holdings Inc. announced it has begun florist deliveries. The new florist service successfully debuted in Greenville, South Carolina as part the Company’s integration with software logistics provider Burq. This is one of the first applications of the recent partnership between Waitr and Burq, which allows deliveries from several new retail industries, including apparel, fashion, luxury and sporting. As part of its new “deliver anything” business model, Waitr will soon rebrand and change its name to ASAP.

High number of new directors

There are 5 new directors who have joined the board in the last 3 years. Independent Director J. Schmidt was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.

Waitr Holdings Inc. Announces Executive Changes, Effective June 17, 2022

On May 23, 2022, Mr. Bogdanov informed Waitr Holdings Inc. his decision to resign as chief financial officer effective June 17, 2022. Mr. Bogdanov’s decision to resign was not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Yeghyazarians was appointed chief accounting officer of the Company in September 2021. Effective upon the resignation of Mr. Bogdanov as chief financial officer on June 17, 2022, Mr. Yeghyazarians will assume the duties and responsibilities of chief financial officer of the Company in addition to serving as chief accounting officer. Mr. Yeghyazarians, 46, has served as chief accounting officer since September 2021. Mr. Yeghyazarians has over 20 years of finance and accounting experience and has held senior management roles at various public and private companies.

Consensus forecasts updated

The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$140.7m to US$133.5m. EPS estimate of -US$0.16 up from expected loss of US$0 per share previously. Online Retail industry in the US expected to see average net income growth of 9.9% next year. Consensus price target of US$2.00 unchanged from last update. Share price rose 3.7% to US$0.22 over the past week.