Olo Inc. - OLO STOCK NEWS

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.

Olo Inc (NYSE:OLO) has expanded its Borderless functionality for Olo Pay customers, enabling streamlined payment options across 600 restaurant brands. This advancement aims to enhance guest experiences by simplifying the checkout process, eliminating the need for passwords and manual credit card entries. Additionally, Olo has launched enhanced QR Code Ordering for on-premise dining and Geolocation Partner Notifications to improve food preparation efficiency. CEO Noah Glass highlighted these innovations as essential for addressing operational challenges and enhancing guest interactions. The new capabilities are now available and support Olo's mission in transforming hospitality.

Olo Inc. (NYSE: OLO) will release its fourth quarter and fiscal year 2022 financial results after U.S. market close on February 22, 2023. Following the report, the company will hold a conference call at 5:00 p.m. Eastern Time to discuss its results and future guidance. Olo's platform supports a comprehensive digital hospitality experience for restaurants, facilitating millions of orders daily through integrations with over 300 technology partners. With over 600 trusted restaurant brands, Olo aims to enhance digital ordering and delivery capabilities for its clients.

Olo Inc. (NYSE:OLO) has announced that CEO Noah Glass and CFO Peter Benevides will present at two upcoming investor conferences. The first is the ICR Conference in Orlando, FL, scheduled for January 10, 2023, at 10:30 a.m. ET. The second is the Needham Virtual Growth Conference on January 12, 2023, at 3:00 p.m. ET. Both presentations will be webcast live and available for replay on Olo’s investor relations website. Olo is a leading open SaaS platform that supports restaurants' digital hospitality through an extensive tech ecosystem, serving millions of orders daily.

ICR announces Olo's CEO Noah Glass featured on 'Welcome to the Arena' podcast, hosted by Tom Ryan. The episode delves into Olo's origin story, the digital transformation challenges in the restaurant sector, and the company's acquisition philosophy. The podcast started in August 2021 and is accessible on platforms like Apple Podcasts, Spotify, and Google Podcasts. ICR, established in 1998, specializes in strategic communications and advisory for about 1,000 clients across 20 industries, emphasizing business goals and enterprise value.

Olo Inc. (NYSE:OLO) has announced that Founder and CEO Noah Glass, along with CFO Peter Benevides, will present at the RBC Global Technology, Internet, Media and Telecommunications Conference in New York, NY. The presentation is set for Wednesday, November 16, 2022, at 3:45 p.m. Eastern Time. The event will be webcast live, with replays available on Olo's investor relations website. Olo is known for its open SaaS platform, which enhances digital hospitality for restaurants, enabling seamless guest experiences through a vast network of integrations.

Olo Inc. (NYSE:OLO) reported a 26% year-over-year revenue growth for Q3 2022, totaling $47.3 million. This growth resulted from increased module adoption, transaction volume, and expansion into new locations. Despite a net loss of $14.6 million or $0.09 per share, operating performance showed improvements, with non-GAAP operating income of $3.0 million. Olo anticipates Q4 revenue between $48.2 million and $48.7 million, and fiscal year 2022 revenue between $183.8 million and $184.3 million.

Olo Inc. (NYSE: OLO) will report its third quarter fiscal year 2022 financial results on November 9, 2022, after U.S. financial markets close. A conference call will be held on the same day at 5:00 p.m. Eastern Time to discuss the results and provide financial guidance. Olo is a prominent open SaaS platform for restaurants, facilitating digital hospitality across various guest touchpoints. The company supports over 600 restaurant brands, managing millions of orders daily through its commerce engine and offering integrations with over 300 technology partners.