Press release
Investigation announced for Investors in Olo Inc. (NYSE: OLO) concerning potential Violations of Securities Laws
An investigation for investors in Olo Inc. (NYSE: OLO) shares over potential securities laws violations by Olo Inc. was announced.
Investors who purchased shares of Olo Inc. (NYSE: OLO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Olo Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based Olo Inc. provides software-as-a-service platform for multi-location restaurants in the United States. Olo Inc. reported that its annual Total Revenue rose from $98.42 million in 2020 to $149.36 million in 2021,and that its Net Loss of $3.06 million in 2020 turned to a Net Loss of $42.27 million in 2021.
On August 11, 2022, Olo Inc. announced second-quarter results and outlook. The net loss was $11.7 million or $0.07 per share, compared to a net loss of $2.4 million or $0.02 per share a year ago. Additionally, per one analyst covering Olo, management disclosed Subway (~15K locations) has begun the process of replacing Olo's Rails product with a homegrown solution (2.5k locations moved in 2Q with the remaining expected in 1Q23.
Shares of Olo Inc. (NYSE: OLO) declined from $14.08 per share on August 4, 2022, to $8.11 per share on August 15, 2022.
Those who purchased shares of Olo Inc. (NYSE: OLO) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in Olo Inc. (NYSE: OLO) concerning potential Violations of Securities Laws here
News-ID: 2706311 • Views: …
More Releases from Shareholders Foundation
Lawsuit Alert: Investors who lost money with James Hardie Industries plc (NYSE: …
An investor, who purchased shares of James Hardie Industries plc (NYSE: JHX), filed a lawsuit over alleged violations of Federal Securities Laws by James Hardie Industries plc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of James Hardie Industries plc (NYSE: JHX) have certain options and for certain investors are short and strict deadlines running. Deadline: December 23, 2025. NYSE: JHX investors should contact the Shareholders…
Investigation announced for Long-Term Investors in SelectQuote, Inc. (NYSE: SLQT …
An investigation on behalf of current long-term investors in shares of SelectQuote, Inc. (NYSE: SLQT) concerning potential breaches of fiduciary duties by certain directors and officers of SelectQuote, Inc. was announced.
Investors who are current long term investors in SelectQuote, Inc. (NYSE: SLQT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term…
Lawsuit filed for Investors who lost money with shares of MoonLake Immunotherape …
An investor, who purchased shares of MoonLake Immunotherapeutics (NASDAQ: MLTX), filed a lawsuit over alleged violations of Federal Securities Laws by MoonLake Immunotherapeutics in connection with certain allegedly false and misleading statements.
Investors who purchased a significant amount of shares of MoonLake Immunotherapeutics (NASDAQ: MLTX) between March 10, 2024 and September 29, 2025, have certain options and for certain investors are short and strict deadlines running. Deadline: December 15, 2025. NASDAQ:…
Dow Inc. (NYSE: DOW) Investor Alert: Deadline in Lawsuit on October 28, 2025
A deadline is coming up on October 28, 2025 in the lawsuit filed for certain investors of Dow Inc. (NYSE: DOW) over alleged securities laws violations by Dow Inc.
Investors who purchased shares of Dow Inc. (NYSE: DOW) have certain options and there are strict and short deadlines running. Deadline: October 28, 2025. Dow Inc. (NYSE: DOW) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -…
More Releases for Olo
Olo Inc. (NYSE: OLO) Investor Notice: Update in Lawsuit announced
The Shareholders Foundation announced an update in the lawsuit that is pending for certain investors in shares of Olo Inc. (NYSE: OLO), over alleged violations of Federal Securities Laws by Olo Inc.
Investors who purchased shares of Olo Inc. (NYSE: OLO) have certain options should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On September 26, 2022, a lawsuit was filed by an investor in Olo Inc. (NYSE:…
Investigation announced for Long-Term Investors in shares of Olo Inc. (NYSE: OLO …
An investigation was announced for current long-term investors in shares of Olo Inc. (NYSE: OLO) concerning potential breaches of fiduciary duties by certain directors and officers of Olo Inc.
Investors who are current long term investors in Olo Inc. (NYSE: OLO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…
Deadline on Nov. 28th coming up in Lawsuit for Investors in Olo Inc. (NYSE: OLO)
A deadline is coming up on November 28, 2022 in the lawsuit filed for certain investors of Olo Inc. (NYSE: OLO) over alleged securities laws violations by Olo Inc.
Investors who purchased shares of Olo Inc. (NYSE: OLO) have certain options and there are strict and short deadlines running. Deadline: November 28, 2022. NYSE: OLO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the…
Lawsuit filed for Investors in shares of Olo Inc. (NYSE: OLO) over alleged Secur …
An investor, who purchased shares of Olo Inc. (NYSE: OLO), filed a lawsuit over alleged violations of Federal Securities Laws by Olo Inc.
Investors who purchased shares of Olo Inc. (NYSE: OLO) have certain options and for certain investors are short and strict deadlines running. Deadline: November 28, 2022. NYSE: OLO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
New York based Olo Inc. provides software-as-a-service…
Investigation announced for Investors in Olo Inc. (NYSE: OLO) shares over potent …
An investigation was announced for investors in shares of Olo Inc. (NYSE: OLO) over potential breaches of fiduciary duties by certain directors at Olo Inc.
Investors who purchased shares of Olo Inc. (NYSE: OLO) and currently hold any of those Olo Inc. (NYSE: OLO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Olo…
Investigation announced for Investors in shares of Olo Inc. (NYSE: OLO) over pot …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Olo Inc.
Investors who purchased shares of Olo Inc. (NYSE: OLO) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Olo Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Olo Inc. provides software-as-a-service…
