Toast (TOST) shares rose around 7% after-hours following the company’s reported Q1 results, with revenue of $535 million (up 90% year-over-year) coming in better than the consensus estimate of $490.15 million. The consensus estimate was ($0.13). EPS came out at $0.20.

The number of locations has increased by approximately 62,000, an increase of 45% over the previous year. ARR increased 66% to $637 Million (March 31, 2022). Gross Payment Volume (GPV), grew 98% to $17.8 Billion.

According to consensus estimates, Q2/22 revenues will be in the $635-665 millions range. The company anticipates that revenue will be in the region of $2.5-2.55 Billion for the entire 2022-year, as opposed to $2.38 billion.

The results showed that shares of Toast fell 52% over the past year.

By Davit Kirakosyan