Toast (TOST) Misses Q4 EPS by 9c; offers guidance

Toast (NYSE: TOST) reported Q4 EPS of ($0.07), $0.09 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.02 billion.

GUIDANCE

For the first quarter ending March 31, 2024, Toast expects to report:

Non-GAAP subscription services and financial technology solutions gross profit in the range of $275 million to $285 million (20-24% growth compared to Q1 2023)
Adjusted EBITDA in the range of $15 million to $25 million

For the full year ending December 31, 2024, Toast expects to report:

Non-GAAP subscription services and financial technology solutions gross profit in the range of $1,300 million to $1,320 million (23-25% growth compared to 2023)
Adjusted EBITDA in the range of $200 million to $220 million

For earnings history and earnings-related data on Toast (TOST) click here.

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