Financial Analysis: ASAP (NASDAQ:WTRH) & Medical Cannabis Payment Solutions (OTCMKTS:REFG)

Institutional and Insider Ownership

26.3% of ASAP shares are held by institutional investors. 14.2% of ASAP shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Risk & Volatility

Medical Cannabis Payment Solutions has a beta of -0.3, suggesting that its share price is 130% less volatile than the S&P 500. Comparatively, ASAP has a beta of 0.57, suggesting that its share price is 43% less volatile than the S&P 500.

Profitability

This table compares Medical Cannabis Payment Solutions and ASAP’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Medical Cannabis Payment Solutions	N/A	N/A	N/A
ASAP	-131.13%	-52.13%	-19.80%

Earnings & Valuation

This table compares Medical Cannabis Payment Solutions and ASAP”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Medical Cannabis Payment Solutions	N/A	N/A	-$30,000.00	N/A	N/A
ASAP	$130.00 million	0.00	-$5.23 million	($1.03)	N/A

Medical Cannabis Payment Solutions has higher earnings, but lower revenue than ASAP.

About Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions, Inc. develops and markets a payment system for medical cannabis transactions. Its solution assists in the state tracking of sales, collection of tax, and supervision of sales to consumers. The company was incorporated in 2013 and is based in Cheyenne, Wyoming. On August 12, 2024, Medical Cannabis Payment Solutions, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Western District of Pennsylvania.

About ASAP

ASAP, 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. As of June 30, 2022, it had approximately 27,000 restaurants in approximately 1,000 cities. The company was formerly known as Waitr Holdings Inc. and changed its name to ASAP, Inc. in August 2022. ASAP, Inc. was founded in 2013 and is headquartered in Lafayette, Louisiana.