TLDR: Share Dilution
Reports a beat on revenue and a beat on earnings, tanks 20%, wtf?!
From press release:
Revenue for the full year 2021 was $1,705 million, an increase of 107% from the prior fiscal year.
What is should have said:
Revenue per share for the full year 2021 was $1.01. For fiscal year 2020 revenue per share was $1.20. This represents a decrease in revenue per share of 15.83%!
Calculations
2021 512/508.8
2020 202/202.5
So it’s no wonder growth stocks like TOST are getting murdered, you have multiple compression with lower revenue per share.
Due your own due diligence and don’t trust random internet strangers
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