Toast (TOST) shares leap 15% as job cuts offset soft results
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Toast Announces Fourth Quarter and Full Year 2023 Financial Results
February 15, 2024 4:05 PM ESTEnded 2023 with approximately 106,000 Locations; added over 6,500 net new Locations in fourth quarter
Annualized recurring run-rate (ARR) as of December 31, 2023 increased 35% to over $1.2 billion
Toasts Board of Directors authorized a share repurchase program
Anticipate GAAP Operating Income profit by first half 2025
BOSTON--(BUSINESS WIRE)-- Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the fourth quarter and full year ended December 31, 2023.
Financial Highlights for the Fourth Quarter of 2023
ARR... More