7/6/2023 0 Comments Toast pos loginThe outlook provided above constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. Revenue in the range of $3,710 million to $3,800 million (up from $3,570 million to $3,660 million)Īdjusted EBITDA in the range of $(10) million to $10 million (up from $(30) million to $(10) million) Revenue in the range of $920 million to $950 millionĪdjusted EBITDA in the range of $(10) million to $0įor the full year ending December 31, 2023, Toast expects to report: Net cash (used in) operating activities of $(55) million and Free Cash Flow of $(65) million in Q1 2023, compared to net cash (used in) operating activities of $(47) million and Free Cash Flow of $(50) million, respectively, in Q1 2022.įor more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the sections titled “Key Business Metrics” and “Non-GAAP Financial Measures,” as well as the reconciliations of non-GAAP financial measures to their nearest comparable GAAP financial measures at the end of this press release.įor the second quarter ending June 30, 2023, Toast expects to report: Adjusted EBITDA was $(17) million in Q1 2023 compared to Adjusted EBITDA of $(45) million in Q1 2022. Net loss was $(81) million in Q1 2023 compared to net loss of $(23) million in Q1 2022. Non-GAAP gross profit grew 87% year-over year to $189 million. Gross profit of $174 million was up 96% year-over-year from Q1 2022. Revenue grew 53% year-over year to $819 million. Total locations increased nearly 40% year-over-year to approximately 85,000, with net new locations of over 5,500 in Q1 2023. Gross Payment Volume (GPV) increased 50% year-over-year to $26.7 billion. ARR as of Mawas $987 million, up 55% year-over-year.
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