$WTRH WAITR had the stock price drop from over $14 last year because of issues integrating Bite Squad, poor financials, and leadership resignations. They have a new CEO and last Monday released earnings that showed improved financials. Their cash on hand stayed flat the last four months which is very positive. They made several cost saving measures to become profitable including laying off redundant workers from Bite Squad acquisition, closing unprofitable markets, and announcing the switching of drivers to 1099 which will be complete next month. The CEO also said in the earnings report that they expect to be profitable by the end of this quarter. This price is a bargain now based on their revenue alone with the improved financials. Any accelerated growth will only add fuel to this.
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