This year, we intend to continue our investments in sales and marketing to align with the rapid expansion of our product portfolio. O'Charley's Restaurant + Bar and Sprinkles adopted Guest Engagement solutions. Fourth, as mentioned earlier, we expect the balance of Subway locations to directly integrate with marketplaces in the fourth quarter. Olo Inc. (OLO) Management on Q1 2021 Results - Earnings Call So aside from the moving pieces with Subway, it seems like NRR took a nice step up this quarter. So as that has begun to happen, the guidance for both the third quarter and the full year are aligned. And second, how do you weigh the possibility of Subway leaving? And with that, I'd like to now turn it back over to the operator to begin Q&A. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. WebTranscript 282.7 KB. Announces Reduction of Team Size by 11%. Thanks, Doug. 12 Aug 22. 18 months ago, we had roughly a third of the product modules we have today, and we are rebalancing the size and skill set of our sales and marketing organization in order to effectively seize the opportunity ahead. For their last quarter, Olo (OLO) reported earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. If you look at Carl's Jr. and Hardee's, CKE. This deployment represents our largest Olo Pay customer to-date by locations and continued success in multi-module deployments to new customers. 09. Aug 11, 2022, 5:00 p.m. [Operator instructions] Our next question comes from Brad Reback with Stifel. And I just want to ask if there are any modules that you identified this year or are worth calling out as particular drivers of that upsell? This compares to $3.2 million and 9% a year ago. WebRecent OLO transcripts. Welcome to the Westlake Corporation First Quarter 2023 Earnings Conference Call. This also included LankyBox Kitchen, a family focused virtual brand launched by Virtual Dining Concepts, which adopted our Ordering, Dispatch, Rails, and Olo Pay modules. Yes. As it relates to location, as a reminder, and in line with what we've discussed in prior quarters, approximately 12,500 Subway locations transitioned from the platform in late Q4 2022 and will no longer be included in active location total in the first quarter of this year. After the presentation, there will be an opportunity to ask questions. At this time, I would like to welcome everyone to the FiscalNote Q1 2023 Earnings Call. Switching gears, I don't know for you or for Noah. Presentation Operator MessageOperator Good afternoon. Olo Inc. (OLO) CEO Noah Glass on Q2 2022 Results - Earnings Earnings call transcript. Information directly from the company on their operating performance. Olo To make the world smarter, happier, and richer. The following slide deck was published by Olo Inc. in conjunction with their 2021 Q4 earnings call. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Olowasn't one of them! For the third quarter, we expect revenue in the range of $46.5 million and $47 million and non-GAAP operating income in the range of $1.8 million and $2.2 million. We continually release updates to products and enable new use cases that didn't exist before. Leading restaurant brands know that digital capabilities will give them the ability to do more with less, intimately know and better serve their guests and operate as one unified business. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Matt Hedberg -- RBC Capital Markets -- Analyst. In other words, a guest placing an order through the app, through the website, and saying, "I want to collect this order, but I don't want to have to get out of my car. These brands span various hospitality service models from quick service to fine dining and virtual brands to convenience stores or C-stores. WebWe provide transcripts of the most recent earnings calls for the companies that we cover. It also reflects our ability to deploy within highly franchised enterprise environments. So a little bit different than the way that most QSR brands work. Thank you. Peter, maybe we can dig into the fiscal '23 guide a little bit. Transcripts Technology Olo, Inc. (OLO) CEO Noah Glass on Q1 2022 Results - Earnings Call Transcript May 10, 2022 10:41 PM ET Olo Inc. (OLO) SA Share this transcript. Log in. Patriot Transportation Holding, Inc. (PATI) Q2 2023 Earnings Call Transcript. And then, what could be the future for maybe working with grocery delivery partners, say like an Instacart or other kind of marketplace vendors in that space? I'll wrap up by providing our guidance for the third quarter and full year 2022. WebAt this time, I would like to welcome everyone to the Olo First Quarter 2021 Earnings Conference Call. We have quick-service restaurant brands. Press Release. Consumers tend to eat 20 to 25 times every week. May 13, 2023 . Markets One News Page: Wednesday, 11 May 2022 We have reached the end of the question-and-answer session. Free cash flow was negative $3 million, as compared to positive $10.8 million a year ago. Company Profile < Back. As brands continue to navigate through macro uncertainties, this quarter, we continue to implement product enhancements to better serve our customers, including launching several innovations in our first-ever summer release event. Transcript Please proceed with your question. *Average returns of all recommendations since inception. So I think we look at -- well, first, the answer that I just gave around why we believe that SaaS is superior to homegrown software and that all restaurant brands, no matter the size, can benefit from the platform that we've built and also from the platform innovations that we've built with 82,000 restaurants on the platform, which is more than any individual restaurant has in their portfolio. Information directly from the company on their operating performance. Continued growth in ARPU was driven by further expansion within our existing customer base, including continued adoption of our engage and pay suite. Can you just talk a bit more about the dynamics at play there and how we might expect that to trend for the remainder of the year? The year-over-year increase in gross profit was driven by continued growth in revenue partially offset by incremental costs associated with our current Wisely and Omnivore acquisitions, increased compensation costs to support new locations coming on to the platform and to a lesser extent, processing costs associated with Olo Pay. And they were only using Olo for the Rails module. 2022 Q1. And how do you see this attach rate kind of playing out in that $2 million or so building into next year? And what we had done during the year is really start to tail that off in the second quarter through the balance of the year, really as a hedge to some of the indications that we had heard as we entered the year. In 2022, Olo increasingly became the platform that restaurant brands rely on to make their digital priorities a reality, with the Olo platform supporting approximately 87,000 restaurants and more than 600 brands, connecting them to more than 300 technology partners and more than 85 million guests, who transacted over the Olo platform and processing on average more than 2 million orders per day. OK. That's helpful. Great. I will now turn the conference over to your host, Stephanie Daukus, Vice Learn More, Olo(OLO 0.46%)Q42022 Earnings CallFeb 22, 2023, 5:00 p.m. It's a win for the operator and the brand, because now that order is getting tied back to the guest account and that enriches the profile of that guest and ultimately it helps the brand understand guest lifetime value, which we believe is fast becoming the True North metric for operating a restaurant, and what we're bringing to life with innovations like Borderless. And this year, we'll continue to be laser-focused on our mission and key investments, in order to drive long-term growth and value to restaurant brands and shareholders alike. Borderless came out with summer release, and that's great. Olo is more than a commerce platform. WebWe provide transcripts of the most recent earnings calls for the companies that we cover. At this time, all participants are in a listen-only mode. Earnings call transcript. Our next question comes from the line of Stephen Sheldon with William Blair. WebWe provide transcripts of the most recent earnings calls for the companies that we cover. So what I said in the prepared remarks was not that I didn't think that Subway would taper off as Peter just described, but rather that we didn't think that this was representative of a large -- so we continue to have a really great respect for the Subway team and vice versa and to help with the Subway team and really every restaurant brand that is representative of top 20 enterprise restaurant brands. OLO - Earnings call transcript There is nothing that is required for us to see that four x lift in revenue per transaction. Joining me today are Noah Glass, Olo's founder and CEO; and Peter Benevides, Olo's CFO. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Earnings Call Transcript Olo So really that's what you're seeing in the -- implied in the guide for '23. In terms of general and administrative expense, we anticipate increased leverage on a full year basis as we continue to scale the business. Borderless capabilities simplify the checkout process for guests by eliminating the need to create or remember a password or manually enter credit card information at every purchase. We think these are exciting opportunities for us to pursue and learn from, that's sort of how I would read where we are. Now the nuance there is with respect to Subway or in general, we count a location active in the quarter if they've had an order in the quarter. Just want to understand the implied growth in 1Q '23 relative to the quarter that you just reported. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. While the pipeline remains robust and we continue to actively work to help alleviate these issues, we anticipate both of these dynamics to continue through the balance of the year and therefore, have factored in lower expectations for new deployments in the back half of the year. Our next question comes from Matt Hedberg with RBC Capital Markets. WebWe provide transcripts of the most recent earnings calls for the companies that we cover. So so far so good, and we'll keep pushing on the engage suite. See All Market Activity. Operator Ladies and gentlemen, welcome to the PlayAGS Inc. Q1 2023 Earnings Conference Call. Just a follow-up. Olo OperatorWelcome to the Sanminas Second Quarter Fiscal 2023 Earnings Conference Call. 10 Nov 22. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $976.87 million. [Operator instructions] There are no further questions at this time. And On the Border and Smokey Bones adopted Front-of-House solutions. As I mentioned earlier, we believe that the future of the restaurant industry is guest-centric. My name is Paul, and I will be your conference operator for today. Returns as of 07/05/2023. ET. May 5, 2023 . And it is our practice that we don't announce brand deployments until we've reached a critical mass, until we've nearly deployed the entire franchisee network. In terms of the engagement suite, we've been really pleased with the traction we've made thus far. As a reminder, this past quarter, we held our first in-person user conference in two years, beyond four, which increased sales and marketing expenses for the period by approximately $1 million. Earnings Call Transcripts Thanks for the question, Gabriela. At this time I would like to welcome everyone to the Applied Optoelectronics First Quarter 2023 Earnings Conference Call. Thank you. That puts them in a very place in any brand. So I think that's why we think about this as something that can be ubiquitous. WebWe provide transcripts of the most recent earnings calls for the companies that we cover. Please proceed with your question. Over our history, we have demonstrated our ability to generate profits while meeting increased demand and providing new and innovative products to our customers cost effectively. And as we disclosed at the end of last year, on average, customers subscribe to 2.7 modules per location. Yes. Stock Advisor list price is $199 per year. After the speakers presentation, there will be a So encouraging update with Kroger this quarter. Please proceed with your question. During our call today, some of our discussions and responses to your questions may contain forward-looking statements, which represent our beliefs and assumptions only as of the date such statements are made. Information directly from the company on their operating performance. While we expect the digital transactions to continue to grow over the long term, we remain prudent in our approach to forecasting digital transaction volumes in the near term. But I think that your point more broadly is thinking about these large enterprise restaurant brands and what needs are and how our solutions kind of map to those needs. Good afternoon. Olo
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