Company Overview - Olo Inc. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [4][12] Price Performance - Olo's shares have increased by 11.85% over the past week, while the Zacks Internet - Software industry has declined by 3.22% during the same period [7] - Over the last quarter, Olo's shares rose by 31.58%, and they are up 37.53% over the past year, significantly outperforming the S&P 500, which moved 6.16% and 32.62% respectively [8] Trading Volume - The average 20-day trading volume for Olo is 1,713,819 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Estimates - In the past two months, three earnings estimates for Olo have been revised upwards, with the consensus estimate increasing from $0.21 to $0.23 [11] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [11] Conclusion - Given the strong price performance, positive earnings revisions, and high momentum score, Olo Inc. is positioned as a promising investment opportunity [12]

Core Insights - Olo introduced a new approach to self-directed health and nervous system resilience at Slush 2024, featuring two new products: Olo Foundations and Olo AI Reflections [1][4][5] - The platform combines nature, sound, and somatic practices to provide immersive audio journeys that significantly reduce stress and enhance heart rate variability [2][7] Product Offerings - Olo Foundations is a 4-week program aimed at deepening users' understanding of the nervous system, guided by a somatic coach [4] - Olo AI Reflections is a beta feature that offers personalized, real-time guidance for somatic awareness and nervous system regulation, acting as a personal coach for users [5] Company Background - Founded by a somatic therapist and an award-winning music composer, Olo has over two decades of experience in exploring the intersection of nature, sound, and wellbeing [2][7] - The company provides a holistic ecosystem that includes workshops in major cities and retreat centers in Finland and Portugal, enhancing the user experience with specialized audio equipment [3][7]

Olo Inc. (OLO) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estim ...

Olo Inc. (OLO) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

Olo Inc. (OLO) closed the last trading session at $6.43, gaining 28.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.70 indicates a 35.3% upside potential.The mean estimate comprises five short-term price targets with a standard deviation of $0.84. While the lowest estimate of $8 indicates a 24.4% increase from the current price level, the most optimistic analyst expects the s ...

olo Third Quarter 2024 Presentation November 7, 2024 Safe Harbor Disclosure The material in this presentation (this "Presentation") regarding Olo Inc. ("we," "us" or the "Company") is for informational purposes only. Statements we make in this Presentation include statements that are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, which may be identified by the use of words such as "anticipates," "believes," "continue," "esti ...

Olo Inc. (NYSE:OLO) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Gary Fuges - Senior Vice President of Investor Relations Noah Glass - Founder and Chief Executive Officer Peter Benevides - Chief Financial Officer Conference Call Participants Connor Passarella - Truist Securities, Inc. Patrick McIlwee - William Blair & Company Bruce Goldfarb - Lake Street Capital Markets Operator Greetings, and welcome to the Olo Third Quarter 2024 Earnings Conference Call. At this time a ...

For the quarter ended September 2024, Olo Inc. (OLO) reported revenue of $71.85 million, up 24.3% over the same period last year. EPS came in at $0.06, compared to $0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $71.07 million, representing a surprise of +1.11%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Olo Inc. (OLO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise.Over the last four quarters, the company has surpassed consen ...

Financial Performance - Gross merchandise volume (GMV) reached over $26 billion and gross payment volume (GPV) reached $1 billion for the year ended December 31, 2023[104]. - Platform revenue for Q3 2024 was $70,999,000, up from $57,261,000 in Q3 2023, representing a growth of 24.1%[139]. - Total revenue for Q3 2024 reached $71,853,000, compared to $57,794,000 in Q3 2023, indicating an increase of 24.3%[139]. - Gross profit for Q3 2024 was $39,009,000, compared to $34,565,000 in Q3 2023, reflecting a growth of 13.3%[139]. - Total revenue for the nine months ended September 30, 2024, increased by $43.6 million, or 26.4%, to $208.9 million compared to $165.3 million for the same period in 2023[158]. - Gross profit increased by $13.6 million to $116.1 million for the nine months ended September 30, 2024, from $102.5 million for the same period in 2023, while gross margin decreased to 55.6% from 62.0%[164]. Customer and Market Growth - The platform currently handles more than 2 million orders per day, with over 85 million guests transacting on the platform in the last year[103]. - The customer base includes over 700 restaurant brands across approximately 85,000 active locations as of September 30, 2024[122]. - The company aims to drive new customer growth by targeting well-capitalized, fast-growing restaurant brands[122]. - Active locations increased to approximately 85,000 as of September 30, 2024, up from approximately 78,000 as of September 30, 2023[145]. - The restaurant industry has historically been one of the lowest-penetrated segments of on-demand digital commerce, with digital orders accounting for only 16% of total restaurant industry orders in 2023[105]. Expenses and Cost Management - Operating expenses for Q3 2024 totaled $47,528,000, down from $50,871,000 in Q3 2023, a decrease of 6.5%[139]. - Research and development expenses for Q3 2024 were $17,170,000, slightly down from $18,035,000 in Q3 2023, a decrease of 4.8%[139]. - General and administrative expenses decreased by $6.2 million, or 29.0%, to $15.1 million, accounting for 21.1% of total revenue[152]. - Sales and marketing expenses increased by $1.5 million, or 12.9%, to $12.8 million, which is 17.9% of total revenue[154]. - Total cost of revenue increased by $29.99 million, or 47.8%, to $92.75 million for the nine months ended September 30, 2024, compared to $62.76 million for the same period in 2023[161]. Profitability and Loss - The company reported a net loss of $3,635,000 for Q3 2024, compared to a net loss of $11,759,000 in Q3 2023, a reduction of 69.0%[139]. - Operating loss under GAAP for the nine months ended September 30, 2023, was $54.550 million, while non-GAAP operating income was $21.456 million[193]. - Non-GAAP free cash flow for the nine months ended September 30, 2023, was $20.148 million, compared to a negative $22.406 million in the same period of the previous year[194]. Cash Flow and Liquidity - Net cash provided by operating activities was $30.39 million for the nine months ended September 30, 2024, compared to a net cash used of $12.38 million for the same period in 2023[178]. - As of September 30, 2024, the company had $391.9 million in cash and cash equivalents and investments, sufficient to support working capital and capital expenditure requirements for at least the next twelve months[173]. - The company had no outstanding borrowings under its credit facility as of September 30, 2024[201]. - Cash used in investing activities was $18.4 million, primarily due to $8.3 million of net purchases of investments and $10.0 million for the development of capitalized internal-use software[182]. Strategic Initiatives - The company plans to invest in expanding platform functionality, particularly in payments, data analytics, and on-premise dining[123]. - The company plans to expand its ecosystem of third-party partners to enhance customer support and broaden its market reach[124]. - Future operating expenses are expected to increase due to initiatives aimed at expanding partnerships and market opportunities[126]. - The company anticipates that its platform can be applied to other commerce verticals beyond the restaurant industry, indicating potential for market expansion[126]. Risk Management - The company does not expect significant impacts from a hypothetical 10% change in foreign currency exchange rates on its financial statements[203]. - The company is exposed to market risks primarily due to potential changes in interest rates, but does not engage in trading or speculative investments[199]. - Inflation has remained high, impacting transportation and labor costs, but the company does not believe it has materially affected its financial condition[204]. - The company’s revenue and costs are generally denominated in U.S. dollars, minimizing foreign currency exchange risk[203]. Internal Controls and Governance - There were no changes in internal control over financial reporting that materially affected the company during the quarter ended September 30, 2024[207]. - The company’s management evaluated the effectiveness of its disclosure controls and concluded they were effective as of September 30, 2024[206]. - The company acknowledges inherent limitations in its control systems, which may not detect all errors or fraud[208].