Thanks for highlighting Olo, MagellansQuest!
Since your numbers stop at Q1, I thought I’d drop info on Q2 here.
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, or 80% of total revenue.
Non-GAAP gross profit increased 46% year-over-year to $29.5 million, or 82% of total revenue.
Operating income decreased $8.2 million year-over-year to an operating loss of $(2.4) million, or (7)% of total revenue.
Non-GAAP operating income decreased $1.1 million year-over-year to $5.9 million, or 16% of total revenue.
Net loss was $(2.4) million or $(0.02) per share, compared to net income of $3.9 million or $0.00 per share a year ago.
Non-GAAP net income was $5.8 million or $0.03 per share, compared to a non-GAAP net income of $6.8 million or $0.05 per share a year ago.
Cash and cash equivalents were $575.2 million.
Ending active locations increased 30% year-over-year to approximately 74,000.
Average revenue per unit (ARPU) increased 13% year-over-year to approximately $486.
Dollar-based net revenue retention (NRR) remained over 120%.
And their guidance:
For the third quarter of 2021, Olo expects to report:
Revenue in the range of $36.0 million to $36.5 million; and
Non-GAAP operating income in the range of $3.4 million to $3.8 million.
For the fiscal year 2021, Olo expects to report:
Revenue in the range of $144.7 million to $145.7 million; and
Non-GAAP operating income in the range of $18.8 million to $19.6 million.
Here’s the full Q2 report: https://investors.olo.com/news/news-details/2021/Olo-Announc…
And here’s the MF transcript of the call: https://www.fool.com/premium/coverage/earnings/call-transcri…
Glassdoor: https://www.glassdoor.com/Overview/Working-at-Olo-EI_IE10005…. 97% approval for Founder/CEO Noah Glass (although based on only 33 reviews).
I have a 2% position.
JR