OrderYOYO is a Danish Software-as-a-Service (SaaS) company that provides takeaway restaurants with all the necessary software to serve their customers, including online ordering, payment, marketing and business management solutions. The software enables restaurants, primarily within takeaway, to have their own-branded online presence direct to consumers instead of via food portals.
In 2022, OrderYOYO merged with German app smart. Going forward, Germany is an important growth market for OrderYOYO. OrderYOYO has a usage-based business model implying that the company grows with its restaurant partners. The company has been listed at Nasdaq First North in Denmark since July 2021.
Today, OrderYOYO's CEO Jesper Johansen and CFO Jesper Hyveled presented the results for the first quarter of 2024 and discussed the drivers behind the substantial guidance upgrade on earnings.
OrderYOYO will release its Q1 2024 current trading update on 18 April 2024. The company’s management will present the results in a virtual live event with a Q&A session on 22 April 2024 at 11.00. Besides the financial results, you can get an update on recent business developments as well as insights about the current market conditions.
The HCA SaaS newsletter for March 2024 has been sent out today. The newsletter covers the recent news from the Danish SaaS sector and insights from the US SaaS sector, including benchmark data and valuation perspectives.
OrderYOYO will release its full-year report for 2023 on 20 March 2024. The company’s management will present the results in a virtual live event with a Q&A session on 22 March 2024 at 11:00. Besides the financial results, you can get an update on the recent business development as well as insights about the current market conditions.
The HCA SaaS newsletter for February 2024 has been sent out today. The newsletter covers some of the recent news from the Danish SaaS sector and insights from the US SaaS sector.
The HCA SaaS newsletter for January 2024 has been sent out today. The newsletter covers the recent news from the Danish SaaS sector and also provides an overview of the upcoming financial reports in the sector.
As mentioned in the recent October newsletter, there was speculation by market analysts of a year-end stock market rally. This came true in November driven by declining interest rates and rising expectations for massive cuts in 2024. The positive development was substantial in the global/US SaaS sector, now trading at 6.9x ARR (up from 6.2x ARR), but has not been seen in the Danish SaaS sector yet.
OrderYoYo announced on Friday that it has acquired German Gustoco, and at the same time lifted guidance for the fifth time this year, driven by both the acquisition but also better underlying results.
Today, OrderYOYO upgraded its 2023 guidance for the fifth time on both topline and EBITDA and announced a small acquisition of the German online ordering company, Gustoco.
In October, a few Danish-listed SaaS companies reported Q3 2023 results, while the cloud giants as well as some global SaaS companies also delivered fresh results and new expectations to the market recently. This has led to large volatility across the sector, where small negative or positive guidance surprises have led to big share price reactions.