Toast Inc (TOST)

[perry3412]

Toast is moving toward profitability, with nearly 40% revenue growth projected for fiscal 2023, followed by sales growth in the high 20s in fiscal 2024. The company is also expanding into other countries, like the U.K. and Canada. It certainly has the balance sheet to get to the point of producing positive cash flow, with nearly $1 billion of cash and marketable securities on its balance sheet and no debt. The valuation is under three times annual revenues before taking net cash into consideration.