Olo Announces First Quarter 2024 Financial Results

NEW YORK–(BUSINESS WIRE)–Olo Inc. (NYSE:OLO) (“Olo” or the “Company”), a leading open SaaS platform for restaurants, today announced financial results for the first quarter ended March 31, 2024. “In Q1, we got off to a great start in delivering on our 2024 financial targets, including 27% year-over-year revenue growth and non-GAAP operating margin expansion to …

Olo launches Smart Cross-Sells to boost sales at restaurants

Restaurant technology company Olo has introduced Smart Cross-Sells, a feature designed to enhance guest engagement and increase average order value within restaurants. The new feature supports restaurant brands by offering dynamic, personalised suggestions during the ordering and checkout process. The new feature is one of several from Olo’s product suites including Order, Pay and Engage, …

Olo, Sparkfly Partner to Offer Real-Time Engagement Ecosystem

Retail technology solutions company Sparkfly announced its partnership with Olo, a top restaurant technology provider. Sparkfly’s technology promises a higher degree of personalization and rewards for Olo’s brands as the two platforms work together. The integration will replace previous all-in-one platforms by offering loyalty experiences as well as guest engagement for orders placed on the …

Olo teams up with Qu to digitize card swipes at the POS

Olo is moving a step closer to its goal of digitizing 100% of restaurant orders thanks to a new integration that will allow it to digitize card swipes at the point-of-sale for the first time.  The restaurant software provider is partnering with POS company Qu to offer its digital payment processing tool, Olo Pay, as …

Smaller Restaurant Brands Adopt Digital Solutions

Smaller restaurant brands are increasingly adopting digital solutions to optimize their operations. Restaurant technology provider Olo reported Wednesday (Feb. 21) that the “emerging enterprise segment,” which it defines as brands with five to 99 locations, has become a “meaningful contributor” to the company’s growth. “Emerging enterprise has become a meaningful contributor to location count since we’ve doubled …

Olo Inc.’s Financial Health: A Mixed Picture of Revenue Growth and Operating Losses

Olo Inc. has shown consistent revenue growth since its IPO, but concerns remain about its operating losses and negative operating cash flow. This analysis explores Olo’s financial health, product offerings, and market position compared to competitors like Toast. Olo Inc.’s Public Offering and Financial Health: A Comprehensive Analysis Olo Inc.’s Public Debut and Revenue Growth …

Olo agrees to settle shareholder lawsuit for $9M

Olo has agreed to pay $9 million to settle a class-action lawsuit brought by shareholders who accused the company of failing to properly disclose the end of its relationship with Subway. The agreement comes after a New York district judge twice denied Olo’s efforts to have the lawsuit dismissed. The company continued to deny any …

Sauce Integrates Dynamic Pricing with Olo

Sauce, a Los Angeles-based tech company helping restaurants quickly implement dynamic pricing, announced a new integration with Olo. The Olo-Sauce news comes a week after Juicer, another automated pricing platform, integrated its offering with ItsaCheckmate.  Sauce co-founder and CEO Colin Webb said Sauce is now a Gold-level Olo Connect integration partner. Olo is one of the largest …

Smashburger Taps Curbit, Bridging Gap Between Digital Operations and Physical Kitchen

Denver-based Smashburger is one of the latest fast-casuals implementing new strategies to streamline online ordering and better manage off-premises operations. In an effort to bridge the gap between digital ordering and back-of-house operations, the burger chain teamed with Curbit, a restaurant software company, to utilize its AI-driven dynamic throttling technology in 129 company-owned locations. Curbit …

Olo Wants to Help Restaurants Build a Digital Powerhouse

Olo believes there are distinct advantages to using its platform that operators can’t find anywhere else. A robust database filled with customer information is the new currency of the restaurant industry, says Olo CEO Noah Glass. Proper use of data and recognition of high lifetime value guests is going to separate winners and losers in …