Shares of restaurant-technology company Olo (NYSE: OLO) jumped higher on Thursday after the company closed out 2023 with strong financial results. As of 10:15 a.m. ET, Olo stock was only up 6%. But it had been up as much as 18% earlier in the day.

For the fourth quarter of 2023, Olo's management had expected to generate revenue of $59 million at most. But in Q4, the company generated revenue of $63 million, which was a 27% year-over-year increase.

Among its big wins for the quarter was Waffle House, which will use multiple Olo products. And Five Guys expanded the amount of Olo products it's using.

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Source Fool.com