Will OLO's Q2 2024 performance repeat?

**OLO's Q2 2024 performance is unlikely to exactly repeat**, but a strong performance is plausible due to several factors: 1. **Revenue Growth Trend**: OLO's revenue has shown a positive trend with a year-over-year increase of 27.3% in Q1 2024, beating expectations by $2.24 million. This growth is attributed to consistent digital ordering growth and the need for efficiency improvements in the restaurant industry to offset rising costs. Assuming these factors remain stable, revenue could continue to grow. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |OLO|OLO.N|Olo|2023 Q2|21.161816626828358|5.5251E7|169| |OLO|OLO.N|Olo|2023 Q3|22.273938983624593|5.7794E7|169| |OLO|OLO.N|Olo|2023 Q4|26.562343062614254|6.3004E7|169| |OLO|OLO.N|Olo|2024 Q1|27.31814701378254|6.6511E7|169| 2. **Operating Income Improvement**: The company's focus on cost management has led to improved operating profitability. If OLO maintains this discipline and leverages operating leverage effectively, operating income could see further improvements. 3. **Strategic Partnerships**: Olo's partnership with Waffle House for late-night delivery has expanded their service offerings and could contribute to increased revenue. The success of this partnership may lead to similar collaborations in the future, boosting performance. 4. **Market Conditions**: The restaurant industry is expected to face similar conditions to those of 2023, with consistent digital ordering growth and a continued need for efficiency improvements. These conditions are likely to remain, supporting steady performance. 5. **Financial Outlook**: OLO's Q2 2024 outlook projects revenue between $67.5 million and $68.0 million, and non-GAAP operating income between $5.5 million and $5.9 million. These projections indicate a positive outlook, suggesting that repeating a similar performance is feasible. However, it's important to note that market dynamics, economic conditions, and industry trends can change, which could impact OLO's performance. Therefore, while a strong performance is plausible, it may not exactly replicate the figures seen in Q2 2024.