Olo Announces First-Quarter 2021 Financial Results
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Olo Inc. (OLO) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus
May 11, 2021 4:25 PM EDTOlo Inc. (NYSE: OLO) reported Q1 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $36.1 million versus the consensus estimate of $31.68 million.
First-Quarter Financial and Other Highlights
Total revenue increased 125% year-over-year to $36.1 million.Platform revenue increased 136% year-over-year to $34.9 million.Gross profit increased 150% year-over-year to $29.3 million, or 81% of total revenue.Non-GAAP gross profit increased 151% year-over-year to $30.0 million, or 83% of total revenue.Operating loss increased $4.9 million year-over-year to $(7.5) million, or (21)% of total revenue.Non-GAAP operating income increased $7.6 million year-over-year to $6.0... More