Financial Performance - Gross merchandise volume (GMV) reached over $26 billion and gross payment volume (GPV) reached $1 billion for the year ended December 31, 2023[104]. - Platform revenue for Q3 2024 was $70,999,000, up from $57,261,000 in Q3 2023, representing a growth of 24.1%[139]. - Total revenue for Q3 2024 reached $71,853,000, compared to $57,794,000 in Q3 2023, indicating an increase of 24.3%[139]. - Gross profit for Q3 2024 was $39,009,000, compared to $34,565,000 in Q3 2023, reflecting a growth of 13.3%[139]. - Total revenue for the nine months ended September 30, 2024, increased by $43.6 million, or 26.4%, to $208.9 million compared to $165.3 million for the same period in 2023[158]. - Gross profit increased by $13.6 million to $116.1 million for the nine months ended September 30, 2024, from $102.5 million for the same period in 2023, while gross margin decreased to 55.6% from 62.0%[164]. Customer and Market Growth - The platform currently handles more than 2 million orders per day, with over 85 million guests transacting on the platform in the last year[103]. - The customer base includes over 700 restaurant brands across approximately 85,000 active locations as of September 30, 2024[122]. - The company aims to drive new customer growth by targeting well-capitalized, fast-growing restaurant brands[122]. - Active locations increased to approximately 85,000 as of September 30, 2024, up from approximately 78,000 as of September 30, 2023[145]. - The restaurant industry has historically been one of the lowest-penetrated segments of on-demand digital commerce, with digital orders accounting for only 16% of total restaurant industry orders in 2023[105]. Expenses and Cost Management - Operating expenses for Q3 2024 totaled $47,528,000, down from $50,871,000 in Q3 2023, a decrease of 6.5%[139]. - Research and development expenses for Q3 2024 were $17,170,000, slightly down from $18,035,000 in Q3 2023, a decrease of 4.8%[139]. - General and administrative expenses decreased by $6.2 million, or 29.0%, to $15.1 million, accounting for 21.1% of total revenue[152]. - Sales and marketing expenses increased by $1.5 million, or 12.9%, to $12.8 million, which is 17.9% of total revenue[154]. - Total cost of revenue increased by $29.99 million, or 47.8%, to $92.75 million for the nine months ended September 30, 2024, compared to $62.76 million for the same period in 2023[161]. Profitability and Loss - The company reported a net loss of $3,635,000 for Q3 2024, compared to a net loss of $11,759,000 in Q3 2023, a reduction of 69.0%[139]. - Operating loss under GAAP for the nine months ended September 30, 2023, was $54.550 million, while non-GAAP operating income was $21.456 million[193]. - Non-GAAP free cash flow for the nine months ended September 30, 2023, was $20.148 million, compared to a negative $22.406 million in the same period of the previous year[194]. Cash Flow and Liquidity - Net cash provided by operating activities was $30.39 million for the nine months ended September 30, 2024, compared to a net cash used of $12.38 million for the same period in 2023[178]. - As of September 30, 2024, the company had $391.9 million in cash and cash equivalents and investments, sufficient to support working capital and capital expenditure requirements for at least the next twelve months[173]. - The company had no outstanding borrowings under its credit facility as of September 30, 2024[201]. - Cash used in investing activities was $18.4 million, primarily due to $8.3 million of net purchases of investments and $10.0 million for the development of capitalized internal-use software[182]. Strategic Initiatives - The company plans to invest in expanding platform functionality, particularly in payments, data analytics, and on-premise dining[123]. - The company plans to expand its ecosystem of third-party partners to enhance customer support and broaden its market reach[124]. - Future operating expenses are expected to increase due to initiatives aimed at expanding partnerships and market opportunities[126]. - The company anticipates that its platform can be applied to other commerce verticals beyond the restaurant industry, indicating potential for market expansion[126]. Risk Management - The company does not expect significant impacts from a hypothetical 10% change in foreign currency exchange rates on its financial statements[203]. - The company is exposed to market risks primarily due to potential changes in interest rates, but does not engage in trading or speculative investments[199]. - Inflation has remained high, impacting transportation and labor costs, but the company does not believe it has materially affected its financial condition[204]. - The company’s revenue and costs are generally denominated in U.S. dollars, minimizing foreign currency exchange risk[203]. Internal Controls and Governance - There were no changes in internal control over financial reporting that materially affected the company during the quarter ended September 30, 2024[207]. - The company’s management evaluated the effectiveness of its disclosure controls and concluded they were effective as of September 30, 2024[206]. - The company acknowledges inherent limitations in its control systems, which may not detect all errors or fraud[208].

Exhibit 99.1 Olo Announces Third Quarter 2024 Financial Results Revenue up 24%, ARPU up 15% Year-over-Year Ending Active Locations Reach Approximately 85,000 New York, New York - November 7, 2024 - Olo Inc. (NYSE:OLO) ("Olo" or the "Company"), a leading open SaaS platform for restaurants, today announced financial results for the third quarter ended September 30, 2024. "Team Olo executed well on our top priorities in the third quarter and positioned us to complete a successful 2024. We continued to win, ret ...

Investors might want to bet on Olo Inc. (OLO) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual ...

Olo Inc. (OLO) shares have jumped 10.6% in the past three months, outpacing the Zacks Internet - Software Industry and the S&P 500 index's return of 3.3% and 2.4%, respectively. The stock has also outperformed the Zacks Computer and Technology Sector, which has declined 3.6% over the same time frame. This outperformance reflects investors' optimism over Olo's prospects following its back-to-back quarters of strong quarterly performance. Over the past four quarters, its top line has surpassed the Zacks Conse ...

Olo Inc. (OLO) closed the last trading session at $5.45, gaining 13.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.60 indicates a 57.8% upside potential. The average comprises five short-term price targets ranging from a low of $8 to a high of $10, with a standard deviation of $0.89. While the lowest estimate indicates an increase of 46.8% from the current price level, the m ...

Shares of Olo Inc. (OLO) have gained 19% over the past four weeks to close the last trading session at $5.08, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $8.40 indicates a potential upside of 65.4%. The average comprises five short-term price targets ranging from a low of $7 to a high of $10, with a standard deviation of $1.14. While the lowest estimate indicates an increase ...

Olo Inc. (NYSE:OLO) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Gary Fuges – Senior Vice President-Investor Relations Noah Glass – Founder and Chief Executive Officer Peter Benevides – Chief Financial Officer Conference Call Participants Eric Martinuzzi – Lake Street Andrew Harte – BTIG Connor Passarella – Truist Securities Stephen Sheldon – William Blair Max Gamperl – Goldman Sachs Simran Biswal – RBC Capital Operator Greetings, and welcome to the Olo Incorporated Second ...

Olo Inc. (OLO) reported $70.5 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 27.6%. EPS of $0.05 for the same period compares to $0.04 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $67.81 million, representing a surprise of +3.98%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.05. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Olo Inc. (OLO) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Olo, which belongs to the Zacks Internet ...

olo Second Quarter 2024 Presentation July 31, 2024 Safe Harbor Disclosure The material in this presentation (this "Presentation") regarding Olo Inc. ("we," "us" or the "Company") is for informational purposes only. Statements we make in this Presentation include statements that are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, which may be identified by the use of words such as "anticipates," "believes," "continue," "estima ...