earnings
confidence high
sentiment positive
materiality 0.75
Olo Q3 revenue $71.9M (+24% YoY), net loss $3.6M, guides Q4 above; CRO to depart Dec 31
Olo Inc.
2024-Q3 EPS reported
$0.00
revenue$208,868,000
- Total revenue $71.9M (+24% YoY); platform revenue $71.0M (+24%); gross profit $39.0M (54% of revenue).
- Non-GAAP operating income $8.2M (11% of revenue) vs $5.7M (10%) a year ago; net loss $3.6M ($0.02/share).
- ARPU ~$850 (+15% YoY); NRR above 120%; active locations ~85,000, up 3,000 sequentially.
- Q4 2024 guidance: revenue $72.5M-$73.0M; non-GAAP op income $8.7M-$9.0M. FY 2024 raised.
- CRO Diego Panama to depart Dec 31, 2024 by mutual agreement; no replacement named.