5 Stocks to Buy Now According to Billionaire Jeffrey Talpins

2. Olo Inc. (NYSE:OLO)

Element Capital’s Stake Value: $22,353,000 

Percentage of Element Capital’s 13F Portfolio: 9.76%

Olo Inc. (NYSE:OLO) stands for “online ordering.” Founded in 2005, Olo Inc. (NYSE:OLO) is a provider of on-demand e-commerce platforms for multi-location restaurants across the US through its three modules, namely Ordering, Dispatch and Rails.

Olo reported its Q3 2021 earnings on November 9. Revenue came in at $37.4 million, increasing by 36% YoY and surpassing the consensus estimate of $36.33 million by $1.07 million. Meanwhile, the non-GAAP EPS for the period was 3 cents, which also beat the consensus estimate of 1 cent. The company expects Q4 revenue to be around $38.8 million to $39.3 million, higher than the consensus estimate of $37 million. Meanwhile, Olo Inc. (NYSE:OLO) also raised its FY21 revenue guidance from a range of $144.7 million – $145.7 million to $148.2 million – $148.7 million.

Polen Capital discussed its stance on Olo Inc. (NYSE:OLO) in its Q3 2021 investor letter. Here’s what the firm said:

“Olo, a new addition to the Portfolio during the quarter, traded lower during the period. This may have been due to an expiration of the lockup agreement for early investors in the company, who are now eligible to sell shares. We provide further details on our purchase decision in the Portfolio Activity section.

Olo is the premier B2B software partner for restaurants transitioning to the new normal of digital ordering. Olo’s scalable go-to-market strategy, which targets enterprise brands, results in highly efficient sales and marketing expense, consistent average revenue per unit (ARPU) growth, and little need to tap capital markets to fund long-term goals. The company operates a repeatable subscription-based model with a solid margin and cash flow structure, has a customer-centric and visionary management team, and has a solid track record of product line expansion.”