Olo (NYSE:OLO) Third Quarter 2022 Results
Main financial results
Revenue: $47.3 million (up 26% compared to Q3 2021).
Net loss: $14.6 million (expanded loss of 29% from Q3 2021).
Loss of $0.09 per share (still deteriorated from the loss of $0.076 in 3Q 2021).
All figures shown in the table above are for the 12 month period (TTM)
Olo’s revenue exceeds expectations, EPS is insufficient
Revenue beat analysts’ estimates by 1.3%. Earnings per share (EPS) missed analysts’ estimates by 148%.
Going forward, revenue is expected to grow 22% per year on average over the next 3 years, compared to a growth forecast of 9.4% for the US software industry.
Performance of the The American software industry.
The company’s shares rose 5.0% from a week ago.
You should always think about the risks. Concrete example, we spotted 3 warning signs for Olo you should be aware.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.
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