Toast, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 07, 2024 at 04:05 pm EDT
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Toast, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 1,075 million compared to USD 819 million a year ago. Net loss was USD 83 million compared to USD 81 million a year ago.
Basic loss per share from continuing operations was USD 0.15 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.16 a year ago.
Toast, Inc. offers cloud-based, end-to-end technology digital platform for the restaurant community. The Companyâs platform provides a suite of software as a service (SaaS), products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and an ecosystem of third-party partners. The Company's portfolio spans several product categories, including restaurant operations and point of sale, digital ordering and delivery, marketing and loyalty, team management, supply chain and accounting, financial technology solutions, and platform and insights. The Company serves as the restaurant operating system, connecting front-of-house and back-of-house operations across dine-in, takeout, and delivery channels. The Companyâs subsidiaries include Toasttab Ireland Limited, Toast Capital LLC, Toast Processing Services LLC, Toast MSC, Inc., Stratex HoldCo, LLC and OAE Software, LLC.