Toast, Inc. (NYSE:TOST) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET
Company Participants
Michael Senno - Senior Vice President, Finance
Chris Comparato - Chief Executive Officer
Aman Narang - Chief Operating Officer
Elena Gomez - Chief Financial Officer
Conference Call Participants
Tim Chiodo - UBS
Stephen Sheldon - William Blair
Will Nance - Goldman Sachs
Tien-Tsin Huang - JPMorgan
Jason Kupferberg - Bank of America
Josh Baer - Morgan Stanley
Dave Koning - Baird
Operator
Good afternoon. My name is Cole, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Toast Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
I'll now turn the call over to Michael Senno, Senior Vice President of Finance. You now may begin.
Michael Senno
Thanks, Cole. Welcome to Toast's earnings conference call for the third quarter ended September 30, 2023.
On today's call are CEO, Chris Comparato; COO, Aman Narang; and CFO, Elena Gomez will open with prepared remarks which will be followed by our Q&A session.
Before we start, I'd like to draw your attention to the safe harbor statement included in today's press release. During this call, we'll make statements related to our business that may be considered forward-looking within the meaning of the Securities and the Exchange Act. All statements other historical facts are forward-looking statements, including those regarding management's expectations of future financial and operational performance and operational expenditures, location growth, future profit and margin outlook, expected growth in business outlook, including our financial guidance for the fourth quarter and full year 2023.
Forward-looking statements reflect our views only as of today and except as required by law, we undertake no obligation to update or revise these forward-looking statements. Please refer to the cautionary language in today's press release and our SEC filings for a discussion of the risks and uncertainties that could cause actual results to differ materially from our expectations.
During this call, we will discuss certain non-GAAP financial measures. These non-GAAP measures are not intended to be a substitute for our GAAP results. Please refer to our earnings release and SEC filings for detailed reconciliations of these non-GAAP measures to the most comparable GAAP measures. Unless otherwise stated, all references on this call to cost of revenue, gross profit and gross margin, sales and marketing expense, research and development expense, and general and administrative expense are on a non-GAAP basis. Finally, both the press releases and a replay of this call, including the accompanying investor presentation will be available on our Investor Relations website at investors.toasttab.com.