Olo Q1 revenue $66.5M (+27% YoY); non-GAAP operating income $5.6M; $100M buyback authorized

Olo Inc.

2024-Q1 EPS reported -$0.01 revenue$66,511,000

Total revenue $66.5M, up 27% YoY; platform revenue $65.8M, up 28%.
Non-GAAP operating income $5.6M (8% margin) vs $1.2M (2%) a year ago; GAAP net loss $2.4M.
Non-GAAP net income $7.8M ($0.05 per share) vs $3.4M ($0.02) in Q1 2023.
ARPU $816 (+29% YoY); active locations ~81,000; NRR above 120%.
Board authorized new $100M share repurchase program with no expiration date.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Olo Inc. reported first quarter ended March 31, 2024 results: revenue $66.5 million, net income $2.4 million, EPS $0.01 per share.

Period: first quarter ended March 31, 2024
Revenue: $66.5 million
Net income: $2.4 million
EPS: $0.01 per share
Result: reported results

Exact text from the filing

personalized guest experiences that increase sales and grow guest lifetime value.” First Quarter Financial and Other Highlights • Total revenue increased 27% year-over-year to $66.5 million. • Total platform revenue increased 28% year-over-year to $65.8 million. • Gross profit increased 11% year-over-year to $37.2 million, and was 56% of total revenue. • Non-GAAP

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Source: SEC EDGAR

accession 0001431695-24-000014

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