Olo Inc. (NYSE:OLO) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET

Company Participants

Brian Denyeau - Investor Relations, ICR

Noah Glass - Founder and Chief Executive Officer

Peter Benevides - Chief Financial Officer

Conference Call Participants

Terrell Tillman - Truist Securities, Inc.

Stephen Sheldon - William Blair & Company

Andrew Harte - BTIG

Clarke Jeffries - Piper Sandler & Co.

Matthew Hedberg - RBC Capital Markets

Operator

Good afternoon. My name is [Suranjo], and I will be your conference operator today. At this time, I would like to welcome everyone to the Olo's Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

I would now like to turn the call over to Brian Denyeau from ICR. Please go ahead.

Brian Denyeau

Thank you. Good afternoon, everyone, and welcome to Olo's second quarter 2023 earnings conference call. Joining me today are Noah Glass, Olo's Founder and CEO; and Peter Benevides, Olo's CFO.

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. These forward-looking statements include, but are not limited to, statements regarding our expectations of our business, our industry, including with respect to our technological enhancements, future financial results, including revenue and non-GAAP operating income and other key performance metrics, revenue expectations for our Order, Pay, and Engage suites, total addressable market and growth opportunity, guidance and strategy, benefits from strategic partnerships, restaurant order processing trends, our ability to increase usage of our platform and upsell, including with respect to our opportunity to expand and our growth in average revenue per unit, and a durability of new and existing customer adoption of multiple modules.

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in our forward-looking statements, and such risks are described in our earnings press release and our risk factors included in our SEC filings, including our Quarterly Report on Form 10-Q that was filed today and our other SEC filings. You should not rely on our forward-looking statements as predictions of future events. We undertake no obligation to update any forward-looking statements made during this call to reflect events or circumstances after today.

Also, during this call, we'll present both GAAP and non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are available in our earnings release, which we issued a short while ago. This earnings release is available on the Investor Relations page of our website and is included as an exhibit in the Form 8-K furnished to the SEC.