OpenTable, Inc. (OpenTable) provides solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. Its solutions include electronic reservation book (ERB) for restaurant customers and www.opentable.com, a restaurant reservation Website for diners. The OpenTable network includes approximately 10,000 OpenTable restaurant customers. As of September 30, 2008, the Company seated an average of approximately 2.8 million diners per month. For restaurant customers, it provides an ERB, which is an integrated software and hardware solution that computerizes restaurant host-stand operations. The OpenTable ERB streamlines a number of business functions and processes for restaurants, including reservation management, table management, guest recognition and e-mail marketing. The OpenTable Website enables diners to find, choose and book tables at restaurants on the OpenTable network.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, OpenTable Inc.'s revenues increased 19% to $32.4M. Net income totaled $1.1M, up from $141K. Revenues reflect increase in revenues as a result of the increase in seated diners and installed base of restaurants. Net income also reflects increased gross margin. The Company provide solutions that form an online network connecting reservation-taking restaurants and people who dine.
Company Address
OpenTable, Inc.
799 Market Street 4th Floor San Francisco CA 94103
P: +1415.3444200