Financial Comparison: Spree Acquisition Corp. 1 (NYSE:SHAP) versus ASAP (NASDAQ:WTRH)

Risk & Volatility

ASAP has a beta of 0.57, meaning that its share price is 43% less volatile than the S&P 500. Comparatively, Spree Acquisition Corp. 1 has a beta of -0.02, meaning that its share price is 102% less volatile than the S&P 500.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
ASAP	-131.13%	-52.13%	-19.80%
Spree Acquisition Corp. 1	N/A	-22.17%	6.72%

Insider & Institutional Ownership

26.3% of ASAP shares are owned by institutional investors. Comparatively, 9.9% of Spree Acquisition Corp. 1 shares are owned by institutional investors. 14.2% of ASAP shares are owned by insiders. Comparatively, 58.4% of Spree Acquisition Corp. 1 shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Valuation and Earnings

This table compares ASAP 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
ASAP	$130.00 million	0.00	-$5.23 million	($1.03)	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 ASAP.

Summary

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

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.

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.