OLO Q1 2023 Earnings Report

OLO EPS Results

• Actual EPS: -$0.06
• Consensus EPS: -$0.05
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: N/A

OLO Revenue Results

• Actual Revenue: $52.24 million
• Expected Revenue: $50.79 million
• Beat/Miss: Beat by +$1.45 million
• YoY Revenue Growth: N/A

OLO Announcement Details

• Quarter: Q1 2023
• Date: 5/9/2023
• Time: N/A

OLO (NYSE:OLO) operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module. The company was formerly known as Mobo Systems, Inc. and changed its name to Olo Inc. in January 2020. Olo Inc. was incorporated in 2005 and is headquartered in New York, New York.