Toast Is an Unprofitable Company Now. But It Has 3 Key Ways to Boost Its Bottom Line Over the Long Term, and Investors Will Want to Hear Them
Restaurant-technology company Toast (NYSE: TOST) is unprofitable, and it's not even close to breaking even. Through the first three quarters of 2023, the company reported a net loss of $210 million on $2.8 billion in revenue.
On top of this, Toast lost $762 million in 2021 and 2022 combined. In short, the business has lost roughly $1 billion in less than three years.
In isolation, Toast's net losses make it look like a bad investment idea. But investing isn't about what's already happened; it's about what happens next. Looking ahead, Toast does have three tangible ways to improve its profitability.
Source Fool.com