BOSTON (AP) — BOSTON (AP) — Toast Inc. (TOST) on Thursday reported a loss of $36 million in its fourth quarter.

On a per-share basis, the Boston-based company said it had a loss of 7 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The restaurant software provider posted revenue of $1.04 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.01 billion.

For the year, the company reported a loss of $246 million, or 47 cents per share. Revenue was reported as $3.87 billion.

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