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Mar 31, 2022
Olo Q1 2022 Earnings Report
Olo's Q1 2022 financial results were announced, with revenue growth driven by location and transaction volume increases.
Key Takeaways
Olo's total revenue increased by 18% year-over-year to $42.8 million in Q1 2022. The company reported a net loss of $11.5 million, or $0.07 per share, but a non-GAAP net income of $1.7 million, or $0.01 per share.
Total revenue increased 18% year-over-year to $42.8 million.
Platform revenue increased 19% year-over-year to $41.5 million.
Ending active locations increased 19% year-over-year to approximately 82,000.
Dollar-based net revenue retention (NRR) was approximately 107%.
Forward Guidance
Olo provided revenue and non-GAAP operating income guidance for Q2 2022 and fiscal year 2022.
Positive Outlook
- Q2 2022 revenue is expected to be in the range of $45.5 million to $46.0 million.
- Q2 2022 Non-GAAP operating income is expected to be in the range of $0.6 million to $1.0 million.
- Fiscal year 2022 revenue is expected to be in the range of $195.0 million to $197.0 million.
- Fiscal year 2022 Non-GAAP operating income is expected to be in the range of $7.6 million to $9.2 million.
Challenges Ahead
- Fluctuations in Olo’s operating results may be particularly pronounced in the current economic environment due to the uncertainty caused by, and the unprecedented nature of, the ongoing COVID-19 pandemic
- Olo’s business and financial results could be materially adversely affected in the future if off-premise dining declines.
- The situation regarding COVID-19 remains uncertain and could change rapidly
- Actual results could differ materially as a result of numerous factors, including certain risk factors, many of which are beyond Olo’s control.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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