Acquisition PremiumThe purchase price represents a 65% premium over Olo's closing share price on April 30th, the last trading day prior to media reports around a potential sale.
Customer ExpansionOlo shared two highly encouraging customer announcements, including a regional pilot with Chipotle for multiple Olo modules.
Financial PerformanceOlo reported second-quarter results that were slightly ahead of analyst estimates on revenue and adjusted operating income.