Olo Inc
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Information Technology : Software | Small Cap Growth
Company profile

Olo Inc. is an open software as a service (SaaS) platform for restaurants. Its platform powers restaurant brands’ on-demand digital commerce operations, enabling digital ordering, delivery, front-of-house management, and payments, while enhancing the restaurants’ direct consumer relationships. The Company provides restaurants with a business-to-business-to-consumer, enterprise-grade, open SaaS platform to manage their digital businesses and enable fast and more personalized experiences for their customers. Its platform and application programming interfaces, that integrate with a range of solutions, unifying technologies across the restaurant ecosystem. Its open SaaS platform includes various core modules: order management, delivery enablement, customer engagement, front-of-house, and payment. Its order management offers a suite of fully integrated, white-label, on-demand digital commerce and channel management solutions, enabling guests to order and pay directly from restaurants.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$8.02
Day's Change
0.25 (3.22%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.14
Day's Low
7.83
Volume
(Average)
Volume:
991,079

10-day average volume:
1,011,298
991,079

Bed Bath & Beyond says has been 'working expeditiously' for weeks to strengthen balance sheet

7:53 am ET August 18, 2022 (MarketWatch)
Print

Bed Bath & Beyond Inc. said Thursday it has been working "expeditiously" for the past few weeks with external financial advisers and lenders on bolstering its balance sheet and will provide more details in an update at the end of August. In a filing with the Securities and Exchange Commission in response to media inquiries, the troubled retailer and meme stock said it was pleased to have reached a "constructive agreement" with Ryan Cohen's RC Ventures in March. The comment came after Cohen, chairman of fellow meme stock GameStop Corp. , announced plans late Wednesday to sell his Bed Bath & Beyond stake just months after buying it. Cohen, who founded Chewy Inc. , is a favorite of the Reddit group that has been driving the meme stock phenomenon, that has led Bed Bath & Beyond to gain 365% in the last month, despite its well documented struggles with inventory and dwindling sales. "We are continuing to execute on our priorities to enhance liquidity, make strategic changes and improve operations to win back customers, and drive cost efficiencies; all to restore our company to its heritage as the best destination for the home, for all stakeholders," the retailer said in its filing. Bed Bath & Beyond shares were down 7.5% premarket, but are up 58% in the year to date, while the S&P 500 has fallen 10%.

-Ciara Linnane

	

(END) Dow Jones Newswires

August 18, 2022 07:53 ET (11:53 GMT)

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