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SQUARE, INC.

(SQ)
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Square : KDS Now Available as a Standalone Product Globally

05/20/2021 | 12:02pm EDT

Square’s kitchen display system is now widely available for restaurants of all types and sizes

Today, Square KDS is launching as a subscription, making the powerful kitchen display software available to all restaurants - including those that don’t need a POS to take orders or for advanced functionality, and simply need a KDS to manage and fulfill orders from online ordering and delivery partners.

Square originally announced the availability of Square KDS, a software that helps restaurants display and fulfill incoming orders, last November on Square for Restaurants Plus. While Square KDS combined with Square for Restaurants Plus is a powerful solution for any restaurant that experiences high order volume across multiple channels, Square KDS as a standalone solution is especially useful for delivery-only kitchens - often referred to as ghost or cloud kitchens.

Burgerism, a restaurant based in Salford, UK, started with delivery-only orders and recently expanded to include pickup when they saw a trend of customers parking outside their kitchen addresses. “I’m an independent restaurant owner that recently opened a single location ‘ghost kitchen’ to save on rent and labor costs during the pandemic,” said John O’Reilly, co-owner of Burgerism. “Since my business runs on online and pickup orders, all of my physical space is dedicated to driving kitchen efficiency. I don’t really need a POS system, and Square KDS can manage everything I need - from order acceptance, to item routing, to fulfillment,” he continued.

Square KDS was built to quickly and easily enhance communication between cooks and customers, ultimately improving order efficiency and cutting costs. Restaurants can fulfill orders however a customer prefers, whether that’s physically in the dining room, or via takeout, delivery, or curbside pickup. Square KDS seamlessly integrates orders from the point-of-sale, Square Online, and 3rd party online ordering & delivery platforms, providing restaurants with one, central place to manage orders.

Square KDS also helps to keep your kitchen running smoothly with features like ticket timers and alerts, performance reports, and customized layouts and notifications to fit your kitchen’s unique setup. Restaurants can set themselves up in minutes with no long-term commitments, or professional installation costs, allowing operators to keep staff training time to a minimum.

Square KDS is now available in the US, UK, Canada, Australia, and Ireland. US sellers can get started with a special introductory price of $10/mo per device through the remainder of 2021. Square for Restaurants Plus subscribers can access unlimited Square KDS devices at no additional cost.

Every business has different needs, and with Square, sellers can fulfill orders however it makes the most sense for their business - whether that's via curbside pickup, local delivery, on-demand delivery through delivery partners, self-serve ordering through QR codes, or newly announced alcohol delivery.


ę Business Wire 2021
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Financials (USD)
Sales 2021 19 207 M - -
Net income 2021 348 M - -
Net cash 2021 990 M - -
P/E ratio 2021 345x
Yield 2021 -
Capitalization 122 B 122 B -
EV / Sales 2021 6,32x
EV / Sales 2022 5,58x
Nbr of Employees 5 477
Free-Float 84,1%
Chart SQUARE, INC.
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Square, Inc. Technical Analysis Chart | SQ | US8522341036 | MarketScreener
Technical analysis trends SQUARE, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Last Close Price 266,42 $
Average target price 291,38 $
Spread / Average Target 9,37%
EPS Revisions
Managers and Directors
Jack Dorsey Chairman, President & Chief Executive Officer
Amrita Ahuja Chief Financial Officer & Treasurer
James Morgan McKelvey Independent Director
Lawrence Henry Summers Independent Director
David Alan Viniar Lead Independent Director
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