secwatch.observer — SEC 8-K summary
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Issuer:     Olo Inc. (—)
CIK:        0001431695
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001431695-24-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Olo Q3 revenue $71.9M (+24% YoY), net loss $3.6M, guides Q4 above; CRO to depart Dec 31
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431695/000143169524000033/0001431695-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431695/000143169524000033/olo-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001431695-24-000033

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