24/7 Market News Snapshot 01 May, 2025 – Olo Inc. (NYSE:OLO)

May 1, 2025

DENVER, Colo., 01 May, 2025 (www.247marketnews.com) – (NYSE:OLO) are discussed in this article.
Olo Inc. (OLO) opened trading today at $6.90 and experienced a robust surge, climbing 15.24% to reach a current price of $7.145. This upward trend has generated considerable investor interest, evidenced by an impressive trading volume of 4.10 million shares. Market analysts are optimistic about Olo’s performance, suggesting that if the current momentum persists, further gains could be on the horizon. Traders are advised to monitor key support levels around the $7 mark, with resistance anticipated at approximately $7.50, as both price action and volume remain critical indicators of OLO’s future trajectory.

In other financial news, GSI Technology, Inc. reported encouraging results for its fourth fiscal quarter and the full year ending March 31, 2025. The company achieved a year-over-year revenue increase of 14% for the fourth quarter, totaling $5.9 million, which has been attributed to the rising demand for its legacy SRAM chips and efficient cost management practices. As a result, GSI’s net loss for the quarter improved to $2.2 million, significantly down from the previous year’s loss of $4.3 million.

Chairman and CEO Lee-Lean Shu expressed optimism regarding recent developments, including a first order for radiation-hardened SRAM from a major contractor, which is expected to deliver better gross margins than standard products. GSI is also actively pursuing heritage status for this chip to expand its market reach.

The company plans to introduce production-ready Gemini-II chips and Leda-2 boards while nurturing existing partnerships for future innovations. GSI is particularly focused on edge computing applications, enhancing its Plato chip’s capabilities with integrated camera interfaces to attract potential business collaborations.

For the first quarter of fiscal 2026, GSI anticipates net revenues ranging from $5.5 million to $6.3 million, with gross margins projected between 56% and 58%. Despite a slight overall revenue decline to $20.5 million from the previous year’s $21.8 million, GSI’s disciplined management of operating expenses has resulted in a significant reduction in operating losses, affirming its commitment to develop cutting-edge semiconductor memory solutions.

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