Olo Inc. (OLO) Tops Q2 EPS by 2c

Olo Inc. (NYSE: OLO) reported Q2 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $35.9 million versus the consensus estimate of $34.03 million.

“The second quarter was another strong quarter of profitable growth for Olo. Restaurant digital sales proved durable during the second quarter, demonstrating that the restaurant industry’s digital transformation is not just about delivery but all ordering modes. We are excited that Olo’s platform is enabling restaurant brands to digitize every transaction, not just delivery transactions,” said Noah Glass, Olo’s Founder and CEO.

GUIDANCE:

Olo Inc. sees Q3 2021 revenue of $36-36.5 million, versus the consensus of $34.65 million.

Olo Inc. sees FY2021 revenue of $144.7-145.7 million, versus the consensus of $140.78 million.

For earnings history and earnings-related data on Olo Inc. (OLO) click here.

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