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Jun 30, 2022
Olo Q2 2022 Earnings Report
Announced second quarter 2022 financial results with revenue growth driven by new brands, increased module adoption, and higher transaction volume.
Key Takeaways
Olo Inc. reported a 27% year-over-year increase in total revenue, reaching $45.6 million in Q2 2022. The company saw growth in new brands, increased module adoption, and increased transaction volume.
Total revenue increased 27% year-over-year to $45.6 million.
Platform revenue increased 29% year-over-year to $44.5 million.
Gross profit increased 10% year-over-year to $31.4 million, representing 69% of total revenue.
Non-GAAP operating income was $2.0 million.
Revenue by Segment
Forward Guidance
Olo is issuing the following outlook for the third quarter of 2022 and fiscal year 2022:
Positive Outlook
- Revenue in the range of $46.5 million to $47.0 million for Q3 2022.
- Non-GAAP operating income in the range of $1.8 million to $2.2 million for Q3 2022.
- Revenue in the range of $183.0 million to $184.0 million for the fiscal year 2022.
- Non-GAAP operating income in the range of $7.6 million to $8.4 million for the fiscal year 2022.
Challenges Ahead
- Fluctuations in Olo’s operating results may be particularly pronounced in the current macroeconomic environment.
- Macroeconomic environment has been characterized by rising inflation and interest rates.
- Lower consumer confidence and uncertainty caused by the ongoing COVID-19 pandemic.
- Volatility in part due to the war in Ukraine, and the risk of a global recession.
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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