NYSE$OLO
Olo Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Olo's first quarter performance in 2024 showed strong revenue growth and margin expansion.
Olo Inc. reported a 27% year-over-year increase in total revenue, reaching $66.5 million for Q1 2024. The company also saw non-GAAP operating margin expansion to 8%.
- Total revenue increased by 27% year-over-year to $66.5 million.
- Non-GAAP operating income was $5.6 million, representing 8% of total revenue.
- Net loss was $2.4 million, or $0.01 per share.
- Average revenue per unit (ARPU) increased 29% year-over-year to approximately $816.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$66.5M
Revenue by segment
Olo · $57.3M total across 1 segment · Q3 2023
- Platform Revenue$57.3M+23.5%100.0%
Forward guidance
Olo provided revenue and non-GAAP operating income guidance for Q2 2024 and fiscal year 2024.
Tailwinds
- Q2 2024 revenue is expected to be in the range of $67.5 million to $68.0 million.
- Q2 2024 non-GAAP operating income is expected to be in the range of $5.5 million to $5.9 million.
- Fiscal year 2024 revenue is expected to be in the range of $274.5 million to $276.5 million.
- Fiscal year 2024 non-GAAP operating income is expected to be in the range of $23.0 million to $24.5 million.
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 2024
-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% | — | — |
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