Olo - Financials - SEC Filings While Olo has benefited from the acceleration of demand for off-premise dining, Olos business and financial results could be materially adversely affected in the future if off-premise dining declines. Olo@icrinc.com Actual results could differ materially from those predicted or implied, and reported results should not be considered an indication of future performance. Olo announces material information to the public about the Company, its products and services, and other matters through a variety of means, including filings with the SEC, press releases, public conference calls, webcasts, the Investor Relations website at investors.olo.com, and the Companys Twitter account @Olo in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. May 11, 2021 First-Quarter Revenue Grew 125%, on continued Location and ARPU Growth NEW YORK-- (BUSINESS WIRE)-- Olo Inc. (NYSE:OLO), a leading cloud based, on-demand commerce platform for multi-location restaurant brands, today announced financial results for the first quarter ended March 31, 2021. Non-GAAP Financial Measures and Other Metrics. Olo sold 18 million shares under its IPO priced at $25 each - considerably higher than its initial target range of $16 to $18 - to raise $450 million. Ending active locations increased 10% year-over-year to approximately 87,000. Condensed Consolidated Balance Sheets (Unaudited) We believe there is a substantial opportunity to continue to grow our customer base within the U.S. restaurant industry. The Investor Relations website contains information about Rackspace Technology, Inc.'s business for stockholders, potential investors, and financial analysts. Olo's 2023 Spring Release event. Olo implemented product enhancements to better serve its customers, many of which will be showcased in Olos 2022 Winter Product Release event. It's one business. Olo Announces Second Quarter 2021 Financial Results. Non-GAAP gross profit increased 15% year-over-year to $34.7 million, and was 73% of total revenue. All statements other than statements of historical fact are forward-looking statements for purposes of this release. Investor Relations - dLocal Redefining payments in emerging markets dLocal is focused on making the complex simple, redefining payments along the way in emerging markets. LegalZoom's Fourth Quarter 2022 Earnings Call. Average revenue per unit (ARPU) increased 13% year-over-year to approximately $571. Total liabilities and stockholders equity, Condensed Consolidated Statements of Operations (Unaudited). The Olo platform provides the infrastructure to capture demand and manage consumer orders from every channel. NEW YORK--(BUSINESS WIRE)-- 45B 12B Represents number of annual transactions by type in 2021. This reflects $485.5 million of net proceeds from our successful initial public offering in . Active Locations: We define an active location as a unique restaurant location that is utilizing one or more modules in a given quarterly period. At Olo, we promise to treat your data with respect and will not share your information with any third party. 646.389.2754. Actual results could differ materially from those predicted or implied, and reported results should not be considered as an indication of future performance. By providing your email address below, you are providing consent to Olo to send you the requested Investor Email Alert updates. Significant variations from the assumptions underlying our forward-looking statements could cause our actual results to vary, and the impact could be significant. In addition, we also use the following key performance indicators to help us evaluate our business, identify trends affecting the business, formulate business plans, and make strategic decisions. PDF Twitter, Inc. After submitting your request, you will receive an activation email to the requested email address. News Releases | BigCommerce Holdings, Inc. Latest News May 30, 2023 Olo to Present at Upcoming Investor Conferences May 09, 2023 (in thousands, except share and per share amounts), Change in fair value of warrant liability, Accretion of redeemable convertible preferred stock to redemption value, Net loss attributable to Class A and Class B common stockholders. Free cash flow excludes items that we do not consider to be indicative of our liquidity. Beta 1.2. PDF Fourth Quarter 2021 Presentation Email Address * Investor Alert Options * News: Events & Presentations: Quarterly Reports: Annual . Currently, Olo trades in the $37 to $38 range, a 48.2% return from IPO . Non-GAAP net income was $4.3 million or $0.02 per share, compared to non-GAAP net income of $5.0 million or $0.03 per share a year ago. OLO Stock Lockup Expiration Is Short Opportunity (NYSE:OLO) Cash and cash equivalents were $575.2 million. We use non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. In this press release, we refer to non-GAAP financial measures that are derived on the basis of methodologies other than in accordance with United States generally accepted accounting principles, or GAAP. Olo will host a conference call today, August 10, 2021 at 5:00 p.m. Eastern Time to discuss the Companys financial results and financial outlook. OLO INC. Check it out. Olo Investor Relations Created Date: Our one single direct API payment platform empowers global enterprises to reach billions of customers, accept payments, send payouts, and settle funds in emerging markets. 136,960,837. Class B common stock, $0.001 par value; 185,000,000 shares authorized at September 30, 2022 and December 31, 2021; 58,421,140 and 79,149,659 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively. Investor Relations We define active locations as a unique restaurant location that is utilizing one or more modules in a given quarterly period. We have historically excluded stock-based compensation expense from non-GAAP operating income, and management believes that excluding the related payroll tax expense is important and consistent, as such payroll tax expenses are directly impacted by unpredictable fluctuations in our stock price. Undue reliance should not be placed on the forward-looking statements in this Presentation. You must click the activation link in order to complete your subscription. Olo will host a conference call today, November 9, 2022, at 5:00 p.m. Eastern Time to discuss the Companys financial results and financial outlook. Net loss was $8.2 million or $(0.05) per share, compared to net loss of $2.1 million or $(0.01) per share a year ago. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We generated $47.3 million in total revenue, a 26% increase year over year, as our platform supported increased module adoption within our existing customer base, increased transaction volume, and continued growth in new locations, said Noah Glass, Olos Founder and CEO. February 22, 2023. 2023. By providing your email address below, you are providing consent to Olo to send you the requested Investor Email Alert updates. At Olo, we promise to treat your data with respect and will not share your information with any third party. Actual results could differ materially from those predicted or implied, and reported results should not be considered an indication of future performance. Additional risks and uncertainties that could affect our financial results and forward looking statements are included under the caption Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2022 that will be filed following this earnings release, and our other SEC filings, which are available on our Investor Relations website at investors.olo.com and on the SEC website at www.sec.gov. AUSTIN, Texas, May 09, 2023 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. ("BigCommerce") (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced that Chief Financial Officer Robert Alvarez will present and host meetings with May 9, 2023 Olo Pay estimate assumes gross revenue treatment. Non-GAAP Financial Measures and Other Metrics. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Olos control. We then divide the total current period revenue by the total prior period revenue to arrive at the point-in-time dollar-based NRR. Management believes that it is useful to exclude certain non-cash charges and non-core operational charges from non-GAAP operating income because (i) the amount of such expenses in any specific period may not directly correlate to the underlying performance of our business operations; and (ii) such expenses can vary significantly between periods. With integrations to over 300 technology partners, Olo customers can build personalized guest experiences in and outside of their four walls, utilizing one of the largest and most flexible restaurant tech ecosystems on the market. A reconciliation of these non-GAAP measures has been provided in the financial statement tables included in this press release and investors are encouraged to review the reconciliation. Olo Announces First-Quarter 2021 Financial Results You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. We have always been focused on balanced growth and efficient investment in the business. September 30, 2021. Gross profit and gross margin reconciliation: Plus: Stock-based compensation expense and related payroll tax expense (1), Less: Stock-based compensation expense and related payroll tax expense (1), Sales and marketing as % total revenue, GAAP, Sales and marketing as % total revenue, non-GAAP, Less: Non-cash capitalized software impairment, Research and development as % total revenue, GAAP, Research and development as % total revenue, non-GAAP. We use non-GAAP financial measures, as described below, in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. Plus: Charitable donation of Class A common stock, Plus: Costs and impairment charge associated with sublease of corporate headquarters, Plus: Non-cash capitalized software impairment, Plus: Change in fair value of warrant liability, Less: Transaction-related deferred income tax benefit, Fully diluted net loss per share attributable to Class A and Class B common stockholders, GAAP, Fully diluted weighted average Class A and Class B common shares outstanding, GAAP, Fully diluted net income per share attributable to Class A and Class B common stockholders, non-GAAP, Fully diluted Class A and Class B common shares outstanding, non-GAAP, OLO INC. Part of that commitment includes transparency about our diversity, equity, and inclusion efforts. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures and Other Metrics., Third Quarter and Recent Business Highlights. Learn more at olo.com. 17, 2021 at 11:54 a.m. Current Price $6.50 Price as of June 23, 2023, 4:00 p.m. Pilot brands such as Smoothie King have touted the benefits of the partnership in ensuring accurate menu information and reductions in order errors, greatly enhancing customer experience. New features such as expanded Borderless functionality for all Olo Pay customers, enhanced QR code ordering, expanded geolocation partner notification, amongst others may be viewed at olo.com/quarterly-release. The reduction of capital expenditures facilitates comparisons of our liquidity on a period-to-period basis. Reconciliation of non-GAAP operating income guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense and related payroll tax expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. Class A common stock, $0.001 par value; 1,700,000,000 shares authorized at December 31, 2022 and December 31, 2021; 105,053,030 and 78,550,530 shares issued and outstanding at December 31, 2022 and 2021, respectively. Olo solved several pain points, including multiple third-party tablets and order management issues, while also streamlining operations, allowing us to own our guest relationships, and helping us become a bigger food destination. We believe that NRR is an important metric demonstrating our ability to retain our customers and expand their use of our modules over time, proving the stability of our revenue base and the long-term value of our customer relationships. With integrations to over 300 technology partners, Olo customers can build personalized guest experiences in and outside of their four walls, utilizing one of the largest and most flexible restaurant tech ecosystems on the market. To supplement our condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles in the United States (GAAP), we present non-GAAP gross profit/margin (and as a percentage of revenue), non-GAAP operating expenses (total and each line item, and total and each non-GAAP operating expense item as a percentage of revenue), non-GAAP operating income (and as a percentage of revenue), and non-GAAP net income (loss) (and as a percentage of revenue and on a per share basis) in this press release. Gross profit increased 42% year-over-year to $28.5 million, or 80% of total revenue. In support of this commitment, Olo introduced a Diversity, Equity, and Inclusion page on Olo.com, sharing our diversity strategy, our teams ethnicity and gender-based metrics, our employee resource groups, and our goals. Statements we make in this press release may include statements which are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, which are usually identified by the use of words such as anticipates, believes, estimates, expects, intends, may, plans, projects, "outlook", seeks, should, will, and variations of such words or similar expressions. Quarterly Results - Palo Alto Networks Over 600 restaurant brands trust Olo to grow their sales, do more with less, and make every guest feel like a regular. Olo continued to invest in providing tools for restaurant operators to manage transactions across the growing number of integrated third-party channels by deploying the Olo Rails Performance Tool. (in thousands), Net cash (used in) provided by operating activities, Capitalization of internally developed software, Investor Relations PDF On-Demand Commerce + Customer Engagement Platform Image source: The Motley Fool. Multi-unit grocery stores represent an emerging vertical for Olo, expanding Olos total addressable location count by almost 30,000 locations, representing almost $37 billion in annual food service sales. Kwik Trip. Non-GAAP operating income in the range of $11.4 million to $13.0 million. Over 600 restaurant brands trust Olo to grow their sales, do more with less, and make every guest feel like a regular. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. The reduction of capital expenditures facilitates comparisons of our liquidity on a period-to-period basis and excludes items that we do not consider to be indicative of our liquidity. Class B common stock, $0.001 par value; 185,000,000 shares authorized at June 30, 2021 and December 31, 2020; 120,055,607 and 22,320,286 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively. We believe that NRR is an important metric to our investors, demonstrating our ability to retain our customers and expand their use of our modules over time, proving the stability of our revenue base and the long-term value of our customer relationships. Olo continued to service and expand the presence of virtual brands on the platform, including Tender Shack, a Bloomin Brands virtual brand with more than 800 locations, and LankyBox Kitchen, a family-focused virtual brand launched by Virtual Dining Concepts, available at more than 450 Chuck E. Cheese locations. You can sign up for additional alert options at any time. * Required. The second quarter was another strong quarter of profitable growth for Olo. Our use of non-GAAP financial measures has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP. All statements other than statements of historical fact are forward-looking statements for purposes of this release. Partners. We have historically excluded stock-based compensation expense from non-GAAP operating income, and management believes that excluding the related payroll tax expense is important and consistent, as such payroll tax expenses are directly impacted by unpredictable fluctuations in our stock price. These new key innovations are designed to address operational challenges and improve the guest experience at scale. See the cautionary note regarding Forward-Looking Statements below. Learn more at olo.com. Olo hiring VP, Investor Relations in United States | LinkedIn Condensed Consolidated Statements of Cash Flows (Unaudited) We believe providing free cash flow provides useful information to investors and others in understanding and evaluating the strength of our liquidity and future ability to generate cash that can be used for strategic opportunities or investing in our business from the perspective of our management and Board of Directors. Gross profit increased 10% year-over-year to $34.5 million, and was 69% of total revenue. Sales. Were proud of our third quarter results. Olo | Contact Us Full-Year 2022 Revenue of $185.4 million, up 24% Year-over-Year, Fourth-Quarter Revenue of $49.8 million, up 25% Year-over-Year Driven by Continued Module Adoption and Active Location Growth. Changes in operating assets and liabilities: Net cash provided by (used in) operating activities, Purchases of property and equipment, including capitalized software, Proceeds from issuance of Class A common stock upon initial public offering, net of underwriting discounts, Cash received for employee payroll tax withholdings, Cash paid for employee payroll tax withholdings, Proceeds from issuance of preferred stock, Costs incurred from issuance of preferred stock, Net cash provided by financing activities, Net increase in cash and cash equivalents, Cash and cash equivalents, beginning of year, Supplemental disclosure of cash flow information, Cash received for early exercise of stock options, Supplemental disclosure of non-cash investing and financing activities, Capitalization of stock-based compensation for internal-use software, Capitalization of internally developed software, Reconciliation of GAAP to Non-GAAP Results (Unaudited), (in thousands, except for percentages and share and per share amounts). Additionally, these forward-looking statements, particularly our guidance, involve risks, uncertainties, and assumptions, including those related to our customers spending decisions and consumer ordering behavior particularly as COVID-19 associated restrictions continue to abate. LegalZoom's First Quarter 2023 Earnings Call. Preferred stock, $0.001 par value; 20,000,000 shares authorized at December 31, 2022 and 2021. Digital Entirety represents the Olo Platform processing 100% of all restaurant industry orders, in part due to anticipated growth in multi-product adoption. 4. Olo welcomed leading enterprise brands and convenience stores, or C-Stores, to the platform. Class B common stock, $0.001 par value; 185,000,000 shares authorized at December 31, 2022 and 2021, respectively; 57,391,687 and 79,149,659 shares issued and outstanding at December 31, 2022 and 2021, respectively. For 2022, payroll tax expenses related to equity compensation awards were added to our calculation of non-GAAP operating income. Millions of orders per day run on Olos on-demand commerce engine, providing restaurants a single source to understand and serve every guest from every channel, whether direct or third-party. Our hard work in 2022, our network of brands, partners, and guests, and our comprehensive product suite all enable Olo to meet the needs of our customers, and we believe have set the table for great things to come in 2023 and beyond, continued Mr. Glass. Second-Quarter Revenue Grew 48% Year-over-Year on Continued Active Location and Transaction Volume Growth. Active Locations: We define an active location as a unique restaurant location that is utilizing one or more of our modules at the end of a quarterly period. Mar. Olo will host a conference call today, February 22, 2023 at 5:00 p.m. Eastern Time to discuss the Companys financial results and financial outlook. Olo | Enable Hospitality Third Quarter Financial and Other Highlights, A reconciliation of GAAP to non-GAAP financial measures is provided at the end of this press release. We have historically excluded stock-based compensation expense from non-GAAP operating income, and management believes that excluding the related payroll tax expense is important and consistent, as such payroll tax expenses are directly impacted by unpredictable fluctuations in our stock price. SEC Filings; . Q1. These statements include, but are not limited to, our financial guidance for the fourth quarter of 2022 and the full year 2022, our future performance and growth and market opportunities, including new products and continued module adoption, our business strategy, our ability to sustain our profitability, customer adoption of our products and expectations for capturing market share and our delivery of new products or product features, our aspirations with respect to ESG initiatives, and expectations regarding the impact of macroeconomic conditions and the ongoing COVID-19 pandemic on our business and industry.
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