Shares of restaurant-technology company Toast (NYSE: TOST) dropped 15.2% in February, according to data provided by S&P Global Market Intelligence. On Feb. 16, Toast reported full-year financial results for 2022. Looking at adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) -- a much easier profitability hurdle to jump over -- Toast still had a loss of $115 million in 2022.
BOSTON, March 02, 2023--New Toast data finds the Average Date Night at a Restaurant Costs $121, up more than 75% in 5 Years
As companies invest in digital transformation in an effort to generate data-driven insights and solutions, some aspects of the technology world receive less focus than others. Point-of-sale systems are effectively modern-day cash registers. Silicon Valley is famous for a lot of reasons.