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Olo Inc. - $OLO STOCK NEWS

Welcome to our dedicated page for Olo news (Ticker: $OLO), a resource for investors and traders seeking the latest updates and insights on Olo stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Olo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Olo's position in the market.

News
Olo Expands Borderless Availability to All Brands on Serve
Rhea-AI Summary
Olo Inc. (NYSE:OLO) announced the expansion of Borderless, Olo’s seamless guest account and checkout functionality, to all customers on Serve, enabling more restaurants to meet the online ordering expectations of today’s digital guests. The company also introduced additional product enhancements including Tax Exempt for Catering+ and Pay at Table capabilities to drive more revenue and create a seamless guest ordering experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
none
-
News
Olo to Present at the ICR Conference
Rhea-AI Summary
Olo Inc. (NYSE:OLO) CFO and COO to present at ICR Conference in Orlando, FL
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.09%
Tags
conferences
-
News
Waffle House Partners with Olo to Lead First Brand-Wide Digital Investment
Rhea-AI Summary
Waffle House (OLO) selects Olo to power digital ordering and payment across all 1,950+ locations nationwide. This marks the iconic restaurant brand’s first significant investment in digital, leveraging Order, Pay, and Expo to streamline ordering and simplify payments for both guests and employees at scale.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
partnership
News
Olo to Present at Upcoming Investor Conferences
Rhea-AI Summary
Olo Inc. (NYSE:OLO) to present at RBC Global Technology, Internet, Media and Telecommunications Conference in New York, NY and Needham Consumer Tech / E-Commerce Virtual Conference. Webcast live with replays available on Olo's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
Tags
conferences
-
News
Olo Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Olo Inc., a leading open SaaS platform for restaurants, announced its financial results for Q3 2023. Total revenue increased by 22% YoY to $57.8 million, while total platform revenue increased by 24% YoY to $57.3 million. Gross profit increased by 9% YoY to $34.6 million, and non-GAAP gross profit increased by 12% YoY to $38.8 million. The company reported an operating loss of $16.3 million and a net loss of $11.8 million. However, non-GAAP operating income was $5.7 million, and non-GAAP net income was $7.6 million. Olo also reported an increase in average revenue per unit (ARPU) by 33% YoY and a dollar-based net revenue retention (NRR) of approximately 119%. Ending active locations were approximately 78,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.64%
Tags
earnings
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News
Olo Announces Date of Third Quarter Fiscal Year 2023 Earnings Call
Rhea-AI Summary
Olo Inc. to report Q3 fiscal year 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
earnings
News
Olo Introduces Catering+ to Streamline Bulk Ordering and Drive Additional Revenue for Restaurant Brands
Rhea-AI Summary
Olo Inc. launches Catering+ to help restaurants manage orders and increase revenue. Other features include Dynamic Pricing, automated dispute management for Olo Pay, and enhancements to Olo's Sentiment module.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
Tags
none
-
News
SoundHound and Olo Partner to Provide Voice AI Ordering to Restaurants
Rhea-AI Summary
SoundHound integrates with Olo to provide voice AI ordering to restaurants, freeing up staff and enhancing the guest experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.52%
Tags
partnership AI
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News
Olo to Present at the Piper Sandler Growth Frontiers Conference
Rhea-AI Summary
Olo Inc. CFO to present at Piper Sandler Growth Frontiers Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6%
Tags
conferences
News
Olo to Present at the KeyBanc Technology Leadership Forum
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.01%
Tags
conferences
Stock OLO logo
Olo Inc.

NYSE:OLO

OLO Rankings

#2680 Ranked by Market Cap
#4376 Ranked by Stock Gains
N/A Ranked by Dividends

OLO Stock Data

741.59M
104.15M
2.96%
88.4%
1.82%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
NEW YORK

About OLO

olo helps restaurant brands maximize revenue per square foot by delivering faster, more accurate, and more personal service to their customers. through beautiful, fully branded digital interfaces, olo's enterprise-grade ordering platform integrates with the brands’ existing systems, opening new digital revenue streams, injected seamlessly into the restaurant’s operations. olo is a pioneer in the industry, beginning with text message ordering on mobile feature phones in 2005. today, over 15 million consumers use the olo platform to order ahead and skip the line® at the restaurants they love. clients include baskin-robbins, chipotle, five guys burgers & fries, jamba juice, noodles & company, veggie grill, wingstop, and more. learn more at olo.com.