Summary Thesis highlight Olo (NYSE:OLO) has a limited upside of ~10%. Olo is a platform that helps restaurants improve their online ordering and delivery operations and better connect with their customers. The US restaurant industry, worth around $700 billion, is experiencing rapid change due to the COVID-19 pandemic and the increasing demand for on-demand commerce solutions. …
Continue reading “Olo: Strong Value Proposition But Upside Is Limited”
Summary Investment Thesis From the peak of the 2021-2022 market sell-off, Olo Inc. (NYSE:OLO) lost about 85% of its market capitalisation, experiencing significant multiple contraction along the way. I believe that Olo has robust competitive advantages such as high switching costs and strong network effects, which the company is leveraging in order to capture market share …
Continue reading “Olo: High Switching Cost Business With 50%+ Margin Of Safety”
Law360 (June 13, 2022, 5:27 PM EDT) — The U.S. Supreme Court on Monday quietly rejected yet another petition that attempted to staple a patent eligibility loss to the widely watched American Axle case. The bad news came for a small software company called Ameranth, notable for filing more than 40 suits in federal courts around …
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Olo’s third-quarter financial results brought a mixed bag of milestones for the New York-based delivery integration provider. Total revenues increased 26 percent year-over-year to $47.3 million, but its net loss was $14.6 million, which compares to a net loss of $11.3 million (or $0.08 per share) a year ago. Its results highlighted a total of …
Squarespace announced Wednesday that Tock founder and CEO Nick Kokonas will be stepping down from the reservations platform he built eight years ago. Kokonas — who sold Tock to Squarespace in 2021 — will leave the company effective Jan. 2, 2023 and will be replaced by former Olo chief operating officer, Matthew Tucker. Tucker’s official …
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Third Quarter Revenue Grew 26% Year-over-Year on Increased Module Adoption, Increased Transaction Volume, and Continued Growth in New Locations NEW YORK, November 09, 2022–(BUSINESS WIRE)–Olo Inc. (NYSE:OLO), a leading open SaaS platform for restaurants that enables hospitality at every guest touchpoint, today announced financial results for the third quarter ended September 30, 2022. “We’re proud …
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Paying the bill will soon involve less friction for customers thanks to a new product from Olo, dubbed Borderless, that’s designed to speed and streamline payments across its network of 600 brands. The delivery integration provider claims the update will transform the checkout experience for guests, and unlock increased revenue and data capturing potential for …
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NEW YORK–(BUSINESS WIRE)–Olo Inc. (NYSE:OLO), a leading open SaaS platform for restaurants that enables hospitality at every guest touchpoint, today announced the commercial availability of Borderless functionality for Olo Pay customers, an offering designed to speed and streamline payment across Olo’s network of 600 brands, transforming the checkout experience for guests and unlocking increased revenue …
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WHITE PLAINS, N.Y. (Legal Newsline) — The Pompano Beach Police and Firefighters’ Retirement System alleges a restaurant online ordering/delivery software company misled it and other investors. Pompano Beach Police and Firefighters’ Retirement System, individually and on behalf of all others similarly situated, filed a complaint Sept. 26 in the U.S. District Court for the Southern District …
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NEW YORK, September 07, 2022–(BUSINESS WIRE)–Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants that enables hospitality at every touchpoint, today announced that its board of directors authorized a share repurchase program for up to $100,000,000 of the Company’s Class A common stock. The authorization to repurchase has no expiration date and will be …
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