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Dec 31, 2022
Olo Q4 2022 Earnings Report
Olo's financial performance in Q4 2022 showed revenue growth and strategic expansions.
Key Takeaways
Olo Inc. reported a 25% year-over-year increase in total revenue for the fourth quarter of 2022, reaching $49.8 million. The company expanded relationships with existing customers and added new customers, while also focusing on product enhancements and platform extensibility.
Total revenue increased 25% year-over-year to $49.8 million.
Gross profit increased 10% year-over-year to $34.5 million.
Non-GAAP net income was $5.6 million or $0.03 per diluted share.
Average revenue per unit (ARPU) increased 13% year-over-year to approximately $571.
Forward Guidance
Olo is issuing the following outlook for the first-quarter of 2023 and fiscal-year 2023.
Positive Outlook
- Revenue in the range of $50.5 million to $51.0 million for Q1 2023.
- Non-GAAP operating income in the range of $0.6 million to $1.0 million for Q1 2023.
- Revenue in the range of $213.0 million to $215.0 million for fiscal-year 2023.
- Non-GAAP operating income in the range of $11.4 million to $13.0 million for fiscal-year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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