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Dec 31, 2023
Olo Q4 2023 Earnings Report
Olo's Q4 2023 financial results were announced, with revenue and non-GAAP operating income surpassing guidance. The company focused on balanced growth with increased profitability and strategic investments.
Key Takeaways
Olo reported a 27% year-over-year increase in revenue, reaching $63.0 million for Q4 2023. Non-GAAP operating income was $6.8 million, representing 11% of total revenue. The company is focused on balanced growth and strategic investments for 2024.
Total revenue increased 27% year-over-year to $63.0 million.
Non-GAAP operating income was $6.8 million, or 11% of total revenue.
Dollar-based net revenue retention (NRR) was approximately 120%.
Ending active locations were approximately 80,000, up approximately 3% from the previous quarter.
Revenue by Segment
Forward Guidance
Olo is issuing the following outlook for the first-quarter of 2024 and fiscal-year 2024:
Positive Outlook
- Revenue in the range of $64.0 million to $64.5 million for Q1 2024.
- Non-GAAP operating income in the range of $5.1 million to $5.5 million for Q1 2024.
- Revenue in the range of $269.0 million to $272.0 million for fiscal-year 2024.
- Non-GAAP operating income in the range of $22.0 million to $24.0 million for fiscal-year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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