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  • Toast (TOST) Shares Climb After Delivering Strong Q3 Results

    Toast (TOST) Shares Climb After Delivering Strong Q3 Results

    Following the release of its Q3 earnings report, shares of Toast, Inc. (NYSE: TOST) were on an uptick of 9.41% as of the last check to trade at $35.75 this morning session. This significant increase reflects TOST’s robust financial performance and growing market presence.

    Toast Posted Impressive Financial Growth and Operational Efficiency

    Toast (TOST) reported notable improvements across key financial metrics, underscoring its operational success. The setting up of over 7,000 new outlets resulted in a 35% rise in the recurring gross profit to $365 million.

    Its Annualized Recurring Run-Rate (ARR) also jumped 28% to an incredible $1.6 billion, while its Gross Payment Volume (GPV) rose 24% to $41.7 billion. These findings demonstrate Toast’s growing presence in the restaurant technology industry.

    TOST’s transition to profitability, with a net income of $56 million, was one of its most noteworthy accomplishments. This was a dramatic change from the net loss of $31 million the year before. This positive financial shift reflects improved operational efficiency and strategic management decisions.

    TOST’s Innovation and Product Launches Drive Market Expansion

    Toast continues to strengthen its position in the market through innovation. In the fall, the company launched new products like a Branded Mobile App and SMS Marketing, alongside a range of feature updates aimed at enhancing customer engagement and helping restaurants unlock new revenue opportunities.

    These innovations support the company’s ongoing efforts to create lasting value for its users. With nearly 127,000 locations served, TOST is poised for further growth. The company’s disciplined investment strategy aims to expand its reach significantly, with plans to serve even more businesses in the coming years.

    Recognition and Industry Insights

    In addition to strong financial results, Toast earned recognition as an honoree of the 2024 Inc. Power Partners Awards, an acknowledgment of its contributions to small- and medium-sized businesses. Furthermore, TOST’s recent “Voice of the Restaurant Industry Survey” revealed key insights into the industry’s future, with a substantial portion of restaurant owners planning to expand and adopt AI-driven solutions in their operations.

  • Toast Inc. (TOST) stock Plummets After Hours Following Q4 & Fiscal 2021 Results

    On February 15, shares of Toast Inc. (TOST) fell in the after-hours following its financial results for 2021. The company declared its fourth quarter and full-year 2021 financial results on Tuesday, after the bell.

    In the regular trading session, TOST stock remained in the green with a gain of 2.48% in its value. After reaching a high of $29.37 at 4.64 million shares, the stock closed the session at $28.12 per share. Following the announcement, the stock took a hit in the after-hours and plunged down to $23.85 per share. Thus, TOST subtracted a value of 15.18% at an after-hours volume of 681.42K shares on Tuesday.

    Founded in 2011, Toast Inc. provides consumer payment applications for restaurants. Currently, the company has a market capitalization of $13.85 billion with 73.73 million shares outstanding. In the past five days, TOST has added 8.95% while increasing by 15.86% last month. Moreover, the stock stands at a year-to-date loss of 18.99%.

    TOST’s Q4 2021 Highlights

    In Q4 2021, the company’s revenue increased by 111% YOY to $512 million.

    TOST had a net income of $2 million in Q4 2021, against a net loss of $61 million in the year-ago period.

    Additionally, the adjusted EBITDA was $(45) million in Q4 2021.

    Full Year 2021 Highlights

    For fiscal 2021, the company reported revenue of $1,705 million with a growth of 107% YOY.

    Furthermore, the net loss for fiscal 2021 was $487 million, against $248 million in the previous year.

    TOST reported adjusted EBITDA of $(42) million for fiscal 2021.

    TOST’s Future Guidance

    For Q1 2022 the company expects revenue between $469 and $499 million with adjusted EBITDA of $(65) to $(55) million.

    In addition, for the fiscal 2022, the expected revenue is between $2,349 and $2,409 million with adjusted EBITDA of $(240) to $(200) million.

    Addition to the Board

    On December 01, 2021, the company announced the appointment of Hilarie Koplow-McAdams to its Board. Ms. Koplow-McAdams has extensive experience of over thirty years in the technology industry. Presently, she is a Venture Partner with a venture capital firm, New Enterprise Associates (NEA). Before this, she served at New Relic, Inc. as its president. She has also remained as the President of Global Sales at Salesforce and executive positions at Intuit Inc. and Oracle Corporation.

    Ms. Koplow-McAdams has received her M.A. in Public Policy from the University of Chicago and B.A. in Sociology from Mills College.

    Conclusion

    In conclusion, the company’s wider than expected loss resulted in the disappointment of investors. Therefore, the stock suffered a huge loss in the after-hours on Tuesday.