NYSE$OLO
Olo Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Olo's first quarter revenue increased by 22% year-over-year, driven by ARPU expansion and increased transaction volume.
Olo Inc. reported a 22% year-over-year increase in total revenue, reaching $52.2 million in the first quarter of 2023. This growth was driven by continued momentum in average revenue per unit (ARPU) growth and increased module adoption within the existing customer base.
- Total revenue increased 22% year-over-year to $52.2 million.
- Gross profit increased 13% year-over-year to $33.5 million, representing 64% of total revenue.
- Non-GAAP net income was $4.6 million, or $0.03 per share, compared to $1.7 million, or $0.01 per share a year ago.
- Average revenue per unit (ARPU) increased 22% year-over-year to approximately $632.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$52.2M
Revenue by segment
Olo · $57.3M total across 1 segment · Q3 2023
- Platform Revenue$57.3M+23.5%100.0%
Forward guidance
Olo is issuing the following outlook for the second quarter of 2023 and fiscal year 2023.
Tailwinds
- Revenue in the range of $53.0 million to $53.5 million for the second quarter of 2023.
- Non-GAAP operating income in the range of $2.0 million to $2.4 million for the second quarter of 2023.
- Revenue in the range of $215.8 million to $217.3 million for the fiscal year 2023.
- Non-GAAP operating income in the range of $12.0 million to $13.2 million for the fiscal year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q1 2023
-2.9%
Avg return
Earnings day
+1.0%
Avg return
5 days after
-2.1%
Avg return
30 days after
52%
11 / 21 earnings
Positive
+11.6%
Q2 2024
Best reaction
-37.6%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | +0.7% | -1.1% | -0.6% | |
| Q1 2025 | +6.5% | +16.5% | +9.9% | |
| Q4 2024 | +4.3% | +0.3% | -3.0% | |
| Q3 2024 | +3.2% | +24.3% | +35.6% | |
| Q2 2024 | +11.6% | +3.5% | +8.1% | |
| Q1 2024 | -3.5% | -2.1% | -7.0% | |
| Q4 2023 | +0.9% | +2.2% | -11.6% | |
| Q3 2023 | -24.5% | -18.2% | +0.3% | |
| Q2 2023 | -2.4% | -6.1% | -18.2% | |
| Q1 2023 | +9.1% | +4.4% | +4.1% | |
| Q4 2022 | +6.3% | +2.0% | -6.2% | |
| Q3 2022 | +6.9% | +3.1% | -15.9% | |
| Q2 2022 | -37.6% | -38.5% | -37.0% | |
| Q1 2022 | +2.2% | +24.3% | +11.9% | |
| Q4 2019 | +5.0% | — | — | |
| Q4 2021 | -7.2% | — | — | |
| Q3 2021 | -2.1% | — | — | |
| Q2 2020 | -5.6% | — | — | |
| Q2 2021 | -5.6% | — | — | |
| Q1 2020 | -18.2% | — | — | |
| Q1 2021 | -9.9% | — | — |
Discussion
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