Why Olo (OLO) Stock Is Trading Up Today
Shares of restaurant software company (NYSE:OLO) jumped 17.5% in the pre-market session after the company reported impressive fourth-quarter 2024 results that exceeded analysts' expectations for billings, revenue, and operating profits, while EPS was inline. Sales rose 21% year on year, driven by higher average revenue per unit and growth in active locations. However, net revenue retention declined to 115%, indicating that existing customers are not expanding usage as aggressively as before. Loo