Acadiana Business Advocate

Thursday, November 10th, 2022

ASAP posts $73.5 million loss in third quarter, its fourth straight quarterly deficit

By ADAM DAIGLE | Acadiana Business Editor

Good morning, Acadiana. Let's get down to business.

The earnings report from the company formerly known as Waitr was not good again. It posted a $73.5 million net loss in the third quarter, its fourth straight quarter with a loss and its second massive quarterly deficit this year.

For the company that has tried all sorts of things to improve its financial performance, it struggled amid what it termed a "highly competitive environment of the delivery business."

You can read the story here.

Have a great day and see you back here Friday morning.

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