Core Viewpoint - Olo Inc. has demonstrated exceptional stock performance, with shares increasing over 86.7% in the past six months, significantly outperforming its sector and competitors [1][2]. Financial Performance - In Q3 2024, Olo's total revenues rose 24% year-over-year to $71.9 million, with platform revenues also increasing by 24% to $71 million [3]. - For Q4 2024, Olo anticipates net revenues between $72.5 million and $73 million, with full-year revenues expected to be in the range of $281.4 million to $281.9 million [12]. - The consensus estimate for Q4 2024 revenues is $72.87 million, reflecting a year-over-year decline of 15.67% [12]. - The Zacks Consensus Estimate for 2024 revenues is $281.71 million, indicating a year-over-year growth of 23.40% [13]. Customer Growth and Retention - Olo has expanded its active locations to approximately 85,000, marking a 10% year-over-year increase, and has added around 3,000 net new locations sequentially [5]. - The average revenue per unit (ARPU) grew 15% year-over-year to $850, indicating strong monetization of its customer base [6]. - Olo's dollar-based net revenue retention has remained above 120% for four consecutive quarters, showcasing robust customer retention [6]. Market Metrics - Gross merchandise volume (GMV) exceeded $26 billion for the year ended December 31, 2023, while gross payment volume (GPV) reached $1 billion during the same period [7]. Product Innovations - Olo has introduced several product innovations in 2024, including card-present payment processing for Olo Pay and enhancements to its Catering+ and Borderless passwordless guest checkout solutions [9][10]. - The company has strengthened its partnership with ezCater to automate catering menu management, improving operational efficiency for restaurants [10]. Strategic Positioning - Olo's open SaaS platform is tailored to meet the unique needs of restaurants, supporting the industry's digital transformation through its core product suites: Order, Pay, and Engage [8]. - The company has achieved significant growth in the enterprise segment with multi-suite deployments, including notable clients like Papa Gino's and Pizza Inn [11]. Earnings Outlook - The consensus estimate for Q4 2024 earnings is 7 cents per share, reflecting a 40% increase from the previous year [13]. - The consensus mark for earnings in 2024 is pegged at 23 cents per share, indicating a year-over-year growth of 53.33% [13]. Investment Sentiment - Olo currently holds a Zacks Rank 1 (Strong Buy), suggesting a favorable investment outlook [14].

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) 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 ...

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].

Exhibit 99.1 Olo Announces Third Quarter 2024 Financial Results Revenue up 24%, ARPU up 15% Year-over-Year Ending Active Locations Reach Approximately 85,000 New York, New York - November 7, 2024 - Olo Inc. (NYSE:OLO) ("Olo" or the "Company"), a leading open SaaS platform for restaurants, today announced financial results for the third quarter ended September 30, 2024. "Team Olo executed well on our top priorities in the third quarter and positioned us to complete a successful 2024. We continued to win, ret ...

Investors might want to bet on Olo Inc. (OLO) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual ...