Toast Inc Stock Price, News & Analysis

Toast (NYSE: TOST) reported a robust fourth quarter for 2021, with revenue soaring 111% year-over-year to $512 million. The annualized recurring run-rate (ARR) reached $568 million, marking a 74% increase. Gross payment volume (GPV) also surged, hitting $17 billion for the quarter, a 125% increase. However, the net loss for the year deepened to $487 million from $248 million. The outlook for Q1 2022 anticipates revenue between $469 million and $499 million and an adjusted EBITDA loss ranging from $(65) million to $(55) million.

Toast (NYSE: TOST) will announce its financial results for the fourth quarter and full year ended December 31, 2021, on February 15, 2022, after U.S. market close. Following the release, a live video webcast will be held at 5:00 p.m. ET to discuss the results, accessible via Toast’s investor relations website. As an all-in-one platform for restaurants, Toast provides software and financial solutions that streamline operations across various service channels. For further details, visit Toast’s investor relations website.

Toast (NYSE: TOST) has appointed Hilarie Koplow-McAdams to its board of directors, effective immediately. With over 30 years of experience in technology, she previously held leadership roles at New Relic, Salesforce, Intuit, and Oracle. Toast's CEO, Chris Comparato, expressed excitement over her joining, emphasizing her strong track record in the tech industry. Koplow-McAdams stated that Toast’s innovative approach and dedication to the restaurant industry align perfectly with her expertise, positioning the company for continued growth.

Toast has launched several innovative products at its Spark event aimed at improving restaurant operations amidst digital transformation. Key offerings include the Toast Restaurant Card, allowing faster access to sales year-round and exclusive cash rewards. Additionally, the platform now integrates with major delivery services, streamlining order management. The enhancements also feature payroll tools to facilitate employee tip distribution and payment management, crucial for retaining talent in a competitive labor market. These innovations aim to support restaurants in managing delivery profitability and enhancing employee experiences.

Toast (NYSE: TOST) reported impressive third-quarter results for 2021, with revenue of $486.4 million, up 105% year-over-year. The annualized recurring run-rate (ARR) grew by 77% to $543.8 million, and gross payment volume (GPV) rose 123% to $16.5 billion. Despite this growth, the company posted a net loss of $252.5 million, compared to a loss of $62.6 million in Q3 2020. For Q4 2021, Toast projects revenue between $465 million and $495 million and an adjusted EBITDA loss of $(50) million to $(40) million.

Toast, Inc. (NYSE: TOST) announced a partial early lock-up release of its Class A common stock. Up to 15% of vested equity held by employees and consultants may be sold starting November 11, 2021, following the earnings announcement on November 9, 2021. Additionally, if the stock price reaches $50 on November 10, 2021, up to 65,442,460 shares held by directors and executive officers will also be eligible for sale on November 12, 2021. The remaining shares will continue to be restricted under the lock-up agreements.

Toast (NYSE: TOST) is set to release its third-quarter financial results for the period ending September 30, 2021, after the close of U.S. markets on November 9, 2021. A live video webcast discussing the results will take place at 5:00 p.m. Eastern Time on the same day, available on Toast’s investor relations website. The earnings materials will also be accessible for 90 days post-event. Toast offers a comprehensive software platform for restaurants, enhancing operations and guest experiences across various service channels.

Toast (NYSE: TOST) has announced the virtual event 'Spark', set for November 16th, aimed at restaurant professionals. CEO Chris Comparato will reveal new innovations critical for restaurant operations, while renowned chef José Andrés will engage in a fireside chat. Spark is tailored for restaurateurs, featuring on-demand sessions not exceeding 20 minutes in length, and mobile optimization. The event symbolizes the innovation that drives restaurant progress, showcasing products to enhance guest experiences and operational efficiency.

Toast, Inc. (NYSE: TOST) has successfully closed its initial public offering (IPO) of 25 million Class A shares, including an additional 3.26 million shares from underwriters, priced at $40.00 per share. The IPO raised approximately $1 billion before costs. Shares began trading on the New York Stock Exchange on September 22, 2021. Goldman Sachs, Morgan Stanley, and J.P. Morgan served as lead managers for the offering, which was effective as of September 21, 2021.