Financial Performance - Olo's total platform revenue increased by 28% year-over-year, reaching $65.8 million[62] - Non-GAAP gross profit increased 12% year-over-year to $41.5 million, representing 62% of total revenue[62] - Olo's total revenue increased 27% year-over-year to $66.5 million[81] - Non-GAAP operating income was $5.6 million, which is 8% of total revenue, compared to $1.2 million, or 2% of total revenue in the previous year[82] - Gross profit increased 11% year-over-year to $37.2 million, accounting for 56% of total revenue[41] Customer Metrics - Average Revenue Per Unit (ARPU) increased 29% year-over-year to approximately $816[43] - Olo's ending active locations were approximately 81,000, an increase of approximately 1,000 from the previous quarter[64] - Dollar-based net revenue retention (NRR) was above 120%[83] Market Trends - The food-away-from-home segment accounted for 69% of all food sales in 2022[9] - Only 16% of restaurant orders are digital, indicating a large potential market for Olo[28] Capital Allocation - Olo's Board of Directors authorized a new share repurchase program for up to $100 million of the Company's Class A common stock[44]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________ FORM 10-Q _______________________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40213 Olo Inc. (Exact name of registrant as spe ...

Exhibit 99.1 Olo Announces First Quarter 2024 Financial Results Revenue up 27%, ARPU up 29% Year-over-Year New York, New York - May 7, 2024 - Olo Inc. (NYSE:OLO) ("Olo" or the "Company"), a leading open SaaS platform for restaurants, today announced financial results for the first quarter ended March 31, 2024. "In Q1, we got off to a great start in delivering on our 2024 financial targets, including 27% year-over-year revenue growth and non- GAAP operating margin expansion to 8%," said Noah Glass, Olo's Fou ...

2 Stocks to Watch Below $10Here are two stocks that are currently less trading in the single digits that I believe have some relative upside from their current prices. Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.2 Stocks To Watch That Are Under $10Everyone loves a great deal, especially when it is on the stock market. Are all stocks that are trading for less than $10.00 che ...

Olo Inc. (OLO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a changin ...

NEW YORK--(BUSINESS WIRE)--Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced an expanded partnership with Qu, the restaurant technology company pioneering the industry’s first unified commerce platform, to offer Olo Pay card-present payment processing via Point-Of-Sale (POS) for the first time. In addition to Olo Pay, Qu will integrate with the Olo Engage product suite to empower restaurant brands with Hospitality at Scale™ solutions that inform data-driven decision making and e ...

Olo Inc. (OLO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions ...

Shares of Olo Inc. (OLO) have gained 10.9% over the past four weeks to close the last trading session at $6.01, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $8.70 indicates a potential upside of 44.8%.The average comprises five short-term price targets ranging from a low of $7.50 to a high of $10, with a standard deviation of $0.97. While the lowest estimate indicates an incr ...

Olo Inc. (OLO) reported $63 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 26.6%. EPS of $0.05 for the same period compares to $0.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $58.68 million, representing a surprise of +7.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.05.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Olo Inc. (OLO) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Olo Inc., which belongs to the Zacks Internet - ...