secwatch.observer — SEC 8-K summary
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Issuer:     Olo Inc. (—)
CIK:        0001431695
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001431695-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431695/000143169524000014/0001431695-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431695/000143169524000014/olo-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001431695-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer