Olo Inc. (OLO) Financial Statements (2023 and earlier)

Company Profile

Business Address 99 HUDSON STREET
NEW YORK, NY 10013
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments448,772514,445
Cash and cash equivalents350,073514,445
Short-term investments98,699 
Receivables48,72842,319
Prepaid expense 3,197 
Contract with customer, asset, after allowance for credit loss336568
Capitalized contract cost2,8512,567
Other current assets 4,773 
Other undisclosed current assets3,1175,718
Total current assets:511,774565,617
Noncurrent Assets
Operating lease, right-of-use asset15,581 
Property, plant and equipment11,7003,304
Long-term investments and receivables2,430 
Long-term investments2,430 
Intangible assets, net (including goodwill)229,479182,591
Goodwill207,781162,956
Intangible assets, net (excluding goodwill)21,69819,635
Contract with customer, asset, after allowance for credit loss241387
Capitalized contract cost, net4,1713,616
Other noncurrent assets186361
Total noncurrent assets:263,788190,259
TOTAL ASSETS:775,562755,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,67047,579
Accounts payable2,2592,184
Accrued liabilities52,41145,395
Deferred revenue2,5271,190
Other undisclosed current liabilities3,220 
Total current liabilities:60,41748,769
Noncurrent Liabilities
Liabilities, other than long-term debt17,5295,357
Deferred revenue6613,014
Deferred rent credit  2,171
Other liabilities41172
Operating lease, liability16,827 
Total noncurrent liabilities:17,5295,357
Total liabilities:77,94654,126
Equity
Equity, attributable to parent697,616701,750
Common stock162158
Treasury stock, value  
Additional paid in capital855,249813,166
Accumulated other comprehensive loss(253) 
Accumulated deficit(157,542)(111,574)
Other undisclosed equity, attributable to parent  
Total equity:697,616701,750
TOTAL LIABILITIES AND EQUITY:775,562755,876

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
Revenues185,404149,368
Cost of revenue(57,511)(30,830)
Gross profit:127,893118,538
Operating expenses(179,557)(146,514)
Operating loss:(51,664)(27,976)
Nonoperating income (expense)4,414(18,853)
Investment income, nonoperating4,592 
Interest and debt expense(185) 
Loss from continuing operations before equity method investments, income taxes:(47,435)(46,829)
Other undisclosed income from continuing operations before income taxes185 
Loss from continuing operations before income taxes:(47,250)(46,829)
Income tax benefit1,2824,556
Loss from continuing operations:(45,968)(42,273)
Loss before gain (loss) on sale of properties:(42,273)
Net loss attributable to parent:(45,968)(42,273)
Preferred stock dividends and other adjustments  (14)
Net loss available to common stockholders, basic:(45,968)(42,287)
Other undisclosed net income available to common stockholders, diluted  14
Net loss available to common stockholders, diluted:(45,968)(42,273)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(45,968)(42,273)
Comprehensive loss:(45,968)(42,273)
Other undisclosed comprehensive loss, net of tax, attributable to parent(253) 
Comprehensive loss, net of tax, attributable to parent:(46,221)(42,273)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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