Critical Contrast: Waitr (NASDAQ:ASAP) versus Spree Acquisition Corp. 1 (NYSE:SHAP)

Insider & Institutional Ownership

0.0% of Waitr shares are held by institutional investors. Comparatively, 9.9% of Spree Acquisition Corp. 1 shares are held by institutional investors. 14.2% of Waitr shares are held by insiders. Comparatively, 58.4% of Spree Acquisition Corp. 1 shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Risk and Volatility

Waitr has a beta of 0.66, suggesting that its stock price is 34% less volatile than the S&P 500. Comparatively, Spree Acquisition Corp. 1 has a beta of -0.02, suggesting that its stock price is 102% less volatile than the S&P 500.

Valuation and Earnings

This table compares Waitr and Spree Acquisition Corp. 1″s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Waitr	$130.00 million	0.00	-$206.79 million	N/A	N/A
Spree Acquisition Corp. 1	N/A	N/A	$4.35 million	N/A	N/A

Spree Acquisition Corp. 1 has lower revenue, but higher earnings than Waitr.

Profitability

This table compares Waitr and Spree Acquisition Corp. 1’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Waitr	-111.96%	N/A	-209.50%
Spree Acquisition Corp. 1	N/A	-22.17%	6.72%

Summary

Spree Acquisition Corp. 1 beats Waitr on 5 of the 8 factors compared between the two stocks.

About Waitr

Waitr Holdings Inc. operates an online ordering technology platform in the United States. Its platform allows to order food, alcohol, convenience, grocery, flowers, auto parts, and others. The company's platform also facilitates access to third parties that provide payment processing solutions for restaurants and other merchants. Waitr Holdings Inc. was founded in 2013 and is headquartered in Lafayette, Louisiana.

About Spree Acquisition Corp. 1

Spree Acquisition Corp. 1 Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the mobility-related technology businesses. The company was incorporated in 2021 and is based in Atlanta, Georgia.