DoorDash, Inc. (DASH) is a tech-driven company that connects customers with desired enterprises globally. The company enables local businesses to address customers’ expectations of ease and immediacy. The company is bringing people closer, by building the logistics infrastructure for localized commerce.
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The price of DASH stock during the regular trading on February 16, 2022, with a decline of 6.80%, was $94.8. At last check in the pre-market, the stock gained momentum by 23.57%.
DASH: Key Financials
On February 16, 2022, DASH released its financial results for the fourth quarter ended December 31, 2021. Some of the key highlights are below.
Revenue
Total revenue in Q4 2021 was $1300 million compared to $970 million in the same quarter of 2020. The company observed an increase of $330 million in its revenue over the yearly period. The company topped the analysts’ estimated revenue target by $16.2 million.
EPS
Basic and diluted net loss per share in Q4 2021 was $155 million or $0.45compared to $312 million or $2.67 in the same period of 2020. The company observed an increase in EPS over the yearly period. Also, it missed the analysts’ estimates of -$0.18 in EPS.
DASH: Events and Happenings
On February 3, 2022, DASH and Shake Shack collaborated for their joint venture named ‘Eat Cute’. It is a limited-time dating website for Shake Shack’s Buffalo Chicken Sandwich fans.
On January 25, 2022, DASH updated about electing Greg Peters as the company’s board of directors, with effect from January 19, 2022. He has already served as the Chief Operating Officer and Chief Product Officer of Netflix. Speaking at the occasion, Peters stated that he is eager to work with the board as DASH continues to advance new offerings and builds up into an international platform.
Conclusion
DASH stock down-performed by 52% over the last year. As the company is rapidly growing its potential to explore new avenues, its quarterly results showed the hard work of the team. The recent stock surge in the pre-market is the result of its strong quarterly results as it beat the analysts’ revenue estimates. For the upcoming quarter, the company is expecting revenue in the range of $1.37 billion against EPS of -$0.22.
