TOAST Reports Record-Breaking Second Quarter Earnings for Fiscal Year 2023
August 12, 2023
🌥️Earnings Overview
On June 30, 2023, TOAST ($NYSE:TOST) announced their second quarter fiscal year 2023 earnings results, revealing a 44.9% year-over-year growth in total revenue to USD 978.0 million. Although this was a significant increase, the company’s net income for the quarter was still at USD -98.0 million, a higher result than their previous year’s figure of -54.0 million.
Market Price
The stock opened at $20.1 and closed at $20.2, down by 0.7% from the previous closing price of $20.4. Despite the slight dip in stock value, investors remain confident in TOAST‘s outlook for the rest of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toast. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 3.32k | -377 | -9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toast. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Operations | Investing | Financing |
| -93 | -110 | 42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toast. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.79k | 716 | 2.03 |
Key Ratios Snapshot
Some of the financial key ratios for Toast are shown below. TOAST_Reports_Record-Breaking_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 60.1% | – | -10.8% |
| FCF Margin | ROE | ROA |
| -4.1% | -20.5% | -12.4% |
Analysis
GoodWhale has conducted an analysis of TOAST‘s wellbeing and found that it is a medium-risk investment in terms of both financial and business aspects. Our Risk Rating has returned a score that places TOAST in the medium range, suggesting that while there are some risks to consider, they are unlikely to have a significant impact on the company. Additionally, GoodWhale has detected one risk warning in TOAST’s cashflow statement. If you are a registered user, you can check this out and gain more insight into any potential risks associated with investing in the company. More…
Peers
In the market for point-of-sale (POS) systems, there is intense competition among a few major players. Toast Inc, GreenBox POS, Rs2 Software PLC, and Hank Payments Corp are all vying for a share of the market. All of these companies offer POS systems that are feature-rich and competitively priced.
– GreenBox POS ($NASDAQ:GBOX)
PLC is a publicly traded company with a market capitalization of 266.3 million as of 2022. It has a return on equity of 6.98%. PLC is engaged in the development, manufacture and sale of software products and services. The company’s products and services are used by businesses and organizations of all sizes, in a variety of industries, including healthcare, financial services, manufacturing, retail, and education.
– Rs2 Software PLC ($LTS:0MVH)
Hank Payments Corp is a publicly traded company that provides mobile payment solutions. The company has a market capitalization of 4.02 million as of 2022. Hank Payments Corp’s primary product is Hanko, a mobile payment application that allows users to make payments using their smartphone. Hanko is available for both Android and iOS devices.
Summary
Investors should consider taking a closer look at TOAST due to its impressive increase in total revenue year-over-year. Despite this, the company still reported a net income of -98.0 million for the quarter, although it was an improvement from the previous year’s -54.0 million. With such a drastic rise in gross revenue, investors may be optimistic about the future of the company as they continue to invest and create new products or services. With a long-term investment approach, this could become an attractive option for those looking to build a healthy portfolio.
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