Toast's software platform is gaining popularity, but the company is still facing significant financial losses. In the first quarter of 2024 alone, Toast lost $83 million, and the total loss for the past year reached $248 million. The company is operating at a loss to achieve a substantial market presence, but there's no assurance it will become profitable. Currently, the stock is trading at around 58 times the projected adjusted earnings for this year, before accounting for interest, taxes, depreciation, and amortization (EBITDA).
We added the Aloha Insight pay data feed to our iPOS Payroll interface for the iSolved payroll solution. Now you can upload from Insight to iSolved. Aloha Insight can track overtime hours across all locations. Very helpful if you share employees between your stores.
Comments