OLO - Olo Non-GAAP EPS of $0.03 beats by $0.02 revenue of $52.2M beats by $1.44M

2023-05-09 16:28:05 ET

• Olo press release ( NYSE: OLO ): Q1 Non-GAAP EPS of $0.03 beats by $0.02 .
• Revenue of $52.2M (+22.0% Y/Y) beats by $1.44M .
• Gross profit increased 13% ⁽¹⁾ year-over-year to $33.5 million, and was 64% of total revenue.
• Non-GAAP gross profit increased 16% ⁽¹⁾ year-over-year to $37.2 million, and was 71% of total revenue.
• Operating loss was $17.1 million.
• Non-GAAP operating income was $1.2 million.
• Cash, cash equivalents and short- and long-term investments totaled $438.3 million as of March 31, 2023.
• Total shares repurchased were approximately 2.7 million for approximately $20.0 million, net of broker commissions.

• As of May 9, 2023, Olo is issuing the following outlook for the second quarter of 2023 and fiscal year 2023:

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