Waitr Holdings Inc
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Yet to be announced
Company Overview
Waitr Holdings Inc., now known as ASAP Inc., operates a digital ordering technology platform primarily in the United States. The company provides online food ordering and delivery services connecting local restaurants and diners.
Revenue Sources
Based on the financial data and business model review, the company's primary revenue comes from food delivery services and technology platform fees. These services involve facilitating legitimate transactions between restaurants and customers. No significant revenue is derived from haram sources like alcohol, gambling, or interest-based activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2023 | $11.48m | $16.54m | - | $961,000 | 0.00% | 5.81% |
| June 30, 2023 | $13.95m | $27.01m | - | $940,000 | 0.00% | 3.48% |
| March 31, 2023 | $16.7m | $24.04m | - | $935,000 | 0.00% | 3.89% |
| Dec. 31, 2022 | $20.45m | $63.9m | - | $1.3m | 0.00% | 2.04% |
Looking at the last four quarters of financial data, the company's interest expenses represent a significant portion of total expenses. Interest expense ranges from approximately 5.8% to 6.8% of total expenses across the quarters examined, which exceeds our 5% threshold for interest expenses relative to total expenses.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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