Postmates’ revenue for the quarter ended June 30 was 160 million, up from $ 71.39 million in the same period last year, according to SEC. UBER filed form S-4 on Friday, ahead of the merger with the Securities and Exchange Commission (SEC), disclosing the food delivery company’s financials.
- Postmates’ revenue growth projections expected to be $997 million in 2021 and further 1,496 million in 2023.
- EBITDA projected to be $17 million in 2021, and jump up to $109 million in 2023.
- The quarter’s net loss is $32 million, down about 72.4% year-over-year from $116 million.
- Postmates had $88 million cash position at the end of Q2
- If the merger not completed, Postmates will remain an independent company, and stockholders will not get merger considerations for company capital stock.
- Uber may pay up to $ 145,750,000 if the merger agreement is terminated under any circumstances.
UBERS stock responding favorably to the proposed merger. UBER: NYSE premarket is up 5.83%
