Yahoo Finance ON24 First Quarter 2024 Earnings: Beats Expectations
ON24 (NYSE:ONTF) First Quarter 2024 Results
Key Financial Results
Revenue: US$37.7m (down 12% from 1Q 2023).
Net loss: US$10.7m (loss narrowed by 39% from 1Q 2023).
US$0.26 loss per share (improved from US$0.37 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ON24 Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%.
Looking ahead, revenue is expected to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 13%.
Performance of the American Software industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with ON24, and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
