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Mar 31, 2024
Olo Q1 2024 Earnings Report
Olo's first quarter performance in 2024 showed strong revenue growth and margin expansion.
Key Takeaways
Olo Inc. reported a 27% year-over-year increase in total revenue, reaching $66.5 million for Q1 2024. The company also saw non-GAAP operating margin expansion to 8%.
Total revenue increased by 27% year-over-year to $66.5 million.
Non-GAAP operating income was $5.6 million, representing 8% of total revenue.
Net loss was $2.4 million, or $0.01 per share.
Average revenue per unit (ARPU) increased 29% year-over-year to approximately $816.
Revenue by Segment
Forward Guidance
Olo provided revenue and non-GAAP operating income guidance for Q2 2024 and fiscal year 2024.
Positive Outlook
- Q2 2024 revenue is expected to be in the range of $67.5 million to $68.0 million.
- Q2 2024 non-GAAP operating income is expected to be in the range of $5.5 million to $5.9 million.
- Fiscal year 2024 revenue is expected to be in the range of $274.5 million to $276.5 million.
- Fiscal year 2024 non-GAAP operating income is expected to be in the range of $23.0 million to $24.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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