Toast Inc at William Blair Growth Stock Conference Transcript

Jun 06, 2023 / 04:20PM GMT
Stephen Hardy Sheldon - William Blair & Company L.L.C., Research Division - Analyst

Good morning. Thank you for joining for the session with Toast. I'm Stephen Sheldon, for those who don't know me, and I'm an analyst in the tech group here at William Blair. For compliance purposes, I'm required to inform you that a complete list of research disclosures and potential conflicts of interest is available at our website at williamblair.com.

So we're thrilled to have the Toast team with us at the conference again this year, which was our top stock pick across my coverage coming into 2023. From the company today, we have CFO, Elena Gomez, here to your left. We also have Michael Senno and Emily Woodward in the audience here upfront.

There's a lot to dig into, especially as Toast continues to -- seems to be really executing on all fronts recently. For context, Toast has put up 55% ARR growth year-over-year in the first quarter, soon likely to surpass $1 billion in ARR and just be -- and will become adjusted EBITDA positive here at some point soon. So a lot to dig into. We're going to be doing

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