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Olo Inc. (NYSE: OLO) is a prominent player in the digital ordering landscape, catering to the restaurant industry with its innovative Software as a Service (SaaS) platform. The company empowers restaurant brands by offering an enterprise-grade ordering solution that enables digital commerce operations. This platform integrates seamlessly with existing systems, creating new digital revenue streams while enhancing the overall dining experience.
Founded in 2005, Olo started as a pioneer in text message ordering on mobile feature phones. Today, the company boasts over 15 million users who leverage its platform to order ahead and skip the line® at their favorite restaurants. Some of Olo's notable clients include Baskin-Robbins, Chipotle, Five Guys, Jamba Juice, Noodles & Company, Veggie Grill, and Wingstop.
Olo's platform encompasses a comprehensive suite of functionalities, including digital ordering, delivery, front-of-house management, and payments, thereby strengthening direct guest relationships for its restaurant partners. The company's core mission is to help restaurant brands maximize revenue per square foot by delivering faster, more accurate, and personal service to their customers through beautiful, fully branded digital interfaces.
Recent achievements highlight Olo's commitment to innovation and growth. The company recently announced a settlement in a class action lawsuit, securing $9 million to benefit affected class members. This development underscores the company's legal resilience and dedication to shareholder interests.
Olo continues to innovate and expand its service offerings, supported by a robust financial condition. The company's ability to adapt and thrive in a competitive market makes it a significant entity in the restaurant technology space. To stay updated with the latest news and developments from Olo Inc., visit their official website or follow their announcements.
Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants, has announced that it will release its second quarter fiscal year 2023 financial results after the U.S. financial markets close on Tuesday, August 1, 2023. The company will host a conference call on the same day at 5:00 p.m. Eastern Time to discuss the financial results and provide financial guidance.
Investors and interested parties can access a live webcast of the conference call on the "Investor Relations" website at investors.olo.com. A replay of the webcast will also be archived on the website for future reference.
Olo Inc. (NYSE: OLO), an open SaaS platform for restaurants, will report its first quarter fiscal year 2023 financial results on May 9, 2023, after U.S. market close. A conference call to discuss these results and future guidance will follow at 5:00 p.m. Eastern Time on the same day. Olo supports millions of daily orders, connecting restaurants with various guest touchpoints and enhancing digital sales through integrations with over 300 technology partners. The company aims to help over 600 restaurant brands provide personalized guest experiences while optimizing operations.
Olo Inc. (NYSE:OLO) has launched Olo Connect, a partner program aimed at enhancing hospitality for its 600+ restaurant brands. This initiative is designed to provide integrated technology and services, helping restaurants optimize their digital solutions.
Olo Connect partners, including notable providers like Thanx and FlyBuy, must meet specific criteria to join, ensuring a high standard of service and customer satisfaction. The program offers various benefits, such as marketing support and product implementation, tailored to the needs of restaurant brands. The launch reflects Olo's commitment to being an open platform and fostering new partnerships to meet industry demands.
Denny's Corporation (NASDAQ: DENN) has launched a new intelligent customer engagement suite in partnership with Sparkfly and Olo. This initiative, now live across 1,600+ locations, aims to enhance customer loyalty through personalized rewards and seamless user experiences. The engagement suite utilizes advanced data analytics to offer tailored promotions and rewards based on buying behavior. Denny's emphasizes its commitment to customer relationships for future growth, showcasing a data-driven approach amid industry competition.
Olo Inc. (NYSE:OLO) reported a full-year 2022 revenue of $185.4 million, marking a 24% increase year-over-year. The fourth-quarter revenue reached $49.8 million, up 25% year-over-year. The company achieved a gross profit of $34.5 million, representing 69% of total revenue. Olo's cash and investments totaled $451.2 million. However, the net loss increased to $8.2 million, or $(0.05) per share. Looking ahead, Olo forecasts first-quarter 2023 revenue between $50.5 million and $51.0 million, and annual revenue of $213.0 million to $215.0 million.
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