OLO (OLO) Set to Announce Earnings on Wednesday

OLO (NYSE:OLO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect OLO to post earnings of $0.05 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

OLO (NYSE:OLO) last issued its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. OLO had a negative return on equity of 1.56% and a negative net margin of 19.35%. The business had revenue of $66.51 million during the quarter, compared to the consensus estimate of $64.22 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, analysts expect OLO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

OLO Price Performance

Shares of OLO opened at $4.66 on Tuesday. OLO has a 52-week low of $4.20 and a 52-week high of $8.84. The business’s 50 day moving average price is $4.53 and its two-hundred day moving average price is $5.01.

Insider Activity at OLO

In other OLO news, CRO Diego Panama sold 40,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $4.70, for a total value of $188,000.00. Following the completion of the sale, the executive now directly owns 592,806 shares in the company, valued at $2,786,188.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter J. Benevides sold 10,259 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $4.52, for a total transaction of $46,370.68. Following the completion of the sale, the chief financial officer now owns 424,933 shares in the company, valued at $1,920,697.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Diego Panama sold 40,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $4.70, for a total value of $188,000.00. Following the completion of the transaction, the executive now owns 592,806 shares in the company, valued at $2,786,188.20. The disclosure for this sale can be found here. Insiders have sold 78,686 shares of company stock worth $362,798 in the last quarter. Company insiders own 39.33% of the company’s stock.

About OLO

Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.