Tue, Feb 25, 9:48 PM (59 days ago)
Olo Inc. (NYSE: OLO) reported annual revenue of approximately $285M (in thousands) for FY 2024, a 25% increase over FY 2023 driven by higher Olo Pay adoption, additional module sales, and increased transaction volumes. Gross profit increased by $17.5M, though gross margins declined to 54.9% due to higher transaction processing and amortization costs. Operating expenses decreased in research and administrative areas due to prior workforce reductions, while sales and marketing expenses rose with increased headcount. The company reported a minimal net loss of $0.9M, with diluted loss per share at $0.01. Strategic initiatives include expanding multi-module adoption among a customer base now exceeding 750 brands and 86,000 active locations, and leveraging acquisitions like Omnivore. Olo remains focused on enhancing its open SaaS platform for digital ordering, delivery, and payments in the competitive restaurant technology ecosystem. Key risk factors include operational scalability, cybersecurity, competitive pressures, regulatory compliance, and potential market volatility. The company maintains robust liquidity with over $403M in cash, cash equivalents, and investments, supporting its growth and share repurchase programs. Future outlook emphasizes further expansion of platform modules, international growth, and strategic investments in innovation.