SEC Comment Letter 0000000000-23-004294 to Olo Inc. (OLO) (CIK 0001431695)
Olo Inc. (OLO) (CIK 0001431695)
Date: April 27, 2023 · CIK: 0001431695 · Accession: 0000000000-23-004294
AI Filing Summary & Sentiment
File numbers found in text: 001-40213
Letter
United States securities and exchange commission logo April 27, 2023 Peter Benevides Chief Financial Officer Olo Inc. 99 Hudson Street 10th Floor New York, NY 10013 Re:Olo Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed February 23, 2023 Form 8-K dated February 22, 2023 File No. 001-40213 Dear Peter Benevides: We have reviewed your filings and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 8-K dated February 22, 2023 Exhibit 99.1 1.We note your disclosure under the subheading "Non-GAAP Financial Measures" that you adjust GAAP financial measures for "related income tax impacts" when calculating non- GAAP measures. In regard to non-GAAP net income, please tell us and disclose how you calculated the related income tax impacts. Tell us the line item(s) that include(s) the tax impact. Please also explain the line item "Transaction-related deferred income tax benefit." Refer to Question 102.11 of the Non-GAAP Compliance & Disclosure Interpretations.
FirstName LastNamePeter Benevides Comapany NameOlo Inc. April 27, 2023 Page 2 FirstName LastName Peter Benevides Olo Inc. April 27, 2023 Page 2 You may contact Scott Stringer at 202-551-3272 or Adam Phippen at 202-551-3336 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
April 27, 2023
Peter Benevides
Chief Financial Officer
Olo Inc.
99 Hudson Street
10th Floor
New York, NY 10013
Re:Olo Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Filed February 23, 2023
Form 8-K dated February 22, 2023
File No. 001-40213
Dear Peter Benevides:
We have reviewed your filings and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 8-K dated February 22, 2023
Exhibit 99.1
1.We note your disclosure under the subheading "Non-GAAP Financial Measures" that you
adjust GAAP financial measures for "related income tax impacts" when calculating non-
GAAP measures. In regard to non-GAAP net income, please tell us and disclose how you
calculated the related income tax impacts. Tell us the line item(s) that include(s) the tax
impact. Please also explain the line item "Transaction-related deferred income tax
benefit." Refer to Question 102.11 of the Non-GAAP Compliance & Disclosure
Interpretations.
FirstName LastNamePeter Benevides
Comapany NameOlo Inc.
April 27, 2023 Page 2
FirstName LastName
Peter Benevides
Olo Inc.
April 27, 2023
Page 2
You may contact Scott Stringer at 202-551-3272 or Adam Phippen at 202-551-3336 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services