NYSE$OLO
Olo Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Revenue grew, driven by growth in active locations and transaction volume.
Olo Inc. announced strong second-quarter results with a 48% year-over-year increase in total revenue to $35.9 million. The company's platform revenue grew by 53%, and gross profit increased by 42%. Olo continued to expand its platform capabilities and added new partners and brands.
- Total revenue increased 48% year-over-year to $35.9 million.
- Platform revenue increased 53% year-over-year to $34.5 million.
- Gross profit increased 42% year-over-year to $28.5 million, representing 80% of total revenue.
- Ending active locations increased 30% year-over-year to approximately 74,000.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$35.9M
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 Q3 2021 and fiscal year 2021.
Tailwinds
- Revenue in the range of $36.0 million to $36.5 million for Q3 2021.
- Non-GAAP operating income in the range of $3.4 million to $3.8 million for Q3 2021.
- Revenue in the range of $144.7 million to $145.7 million for fiscal year 2021.
- Non-GAAP operating income in the range of $18.8 million to $19.6 million for fiscal year 2021.
- Company is focused on the long-term and its investments in sustainable, profitable growth
Headwinds
- Fluctuations in Olo’s operating results may be particularly pronounced in the current economic environment due to the uncertainty caused by the ongoing COVID-19 pandemic
- Olo’s business and financial results could be materially adversely affected in the future if these trends do not continue.
- The situation regarding COVID-19 remains uncertain and could change rapidly
- Significant variation from the assumptions underlying our forward-looking statements could cause our actual results to vary, and the impact could be significant
- Future results are subject to risks and uncertainties
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports
-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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