Waitr Holdings Reports Preliminary First Quarter 2020 Results and Provides Business Update
Waitr Holdings Inc. (WTRH)
Last waitr holdings inc. earnings: 11/7 04:05 pm
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Source: Business Wire
LAFAYETTE, La.--(BUSINESS WIRE)--Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, today reported certain preliminary, unaudited financial results for the first quarter ended March 31, 2020. The Company also provided a business update on certain measures taken in response to the coronavirus (COVID-19) pandemic as well as the implementation of certain strategic initiatives.Preliminary Unaudited First Quarter 2020 ResultsBased on preliminary financial results, the Company expects to report the following for the first quarter of 2020:Revenue of approximately $44 million;Net loss of between $2 million and $3 million, which includes approximately $2 million of depreciation and amortization expense, $3 million of interest expense and $1 million of non-cash stock compensation expenses;Adjusted EBITDA1 between $3 million and $4 million;As of March 31, 2020, cash on hand of approximately $39 million.Business Update“As these unc
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