Inverse head and shoulders over 6 months. Possible the bottom has been in or is close? I'd welcome some 6s as I missed the 5s because i wanted 4s lol. $7.40ish today and getting larger partners like maverick, and Kroger. Comapny us a little woke for my taste but might have a chance at getting my money back in the next year or two
In February 2020, the Company announced a partnership with Subway® restaurants to enable Subway’s more than 20,000 U.S.-based restaurants to handle digital orders from third-party “marketplaces” such as Uber Eats or DoorDash. Throughout the Class Period, Olo touted the growth of its active locations, with Subway accounting for approximately 20% of those locations.
It is alleged that Olo, through certain of its officers, misled investors and/or failed to disclose that (1) Subway was ending its contract with Olo; (2) Olo’s key business metric – active locations – could not continue to grow as Defendants touted due to the loss of Subway’s business; and (3) that, as a result of the above, Defendants’ statements about Olo’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Current Olo shareholders who have held Olo stock since before August 11, 2021, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.
Earning out today, not to shabby bit still a sell off. Mid 7, was 9 last week. Starting to get larger customers, jack in the box now
Olo expanded relationships within its existing customer base, increasing product adoption across several product suites. Jack in the Box, a top-25 quick service restaurant, or QSR, with more than 2,200 locations replaced their proprietary digital ordering solution with Olo’s Ordering module.
Olo welcomed leading enterprise brands and convenience stores, or C-Stores, to the platform. Leading enterprise brands such as Smashburger, Ruby Tuesday, and Zaxby’s selected Olo to replace legacy technology providers, leveraging Olo’s open SaaS platform to implement highly customized and personalized digital programs to their guests, while increasing operational efficiencies. C-Stores such as Maverik - Adventure’s First Stop, an intermountain west operator with nearly 400 locations across 12 states, as well as an east coast operator with more than 200 locations selected Olo to enable their guests to order fresh food for pickup or delivery. C-Stores represent an emerging vertical for Olo given their 55,000 location opportunity.
Trading $26 after hours today. From a paid news letter I recieve, they are forecasting 1 billion dollars in FCF in 10 years. Browse yahoo finance and look at the revenue the last few years. First year profitable this year, and gaining like crazy. Let's hope all pans out well and this starts getting some attention