ON24: Q4 Earnings Snapshot

Associated Press Finance
02-26

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — ON24 Inc. (ONTF) on Tuesday reported a loss of $8.9 million in its fourth quarter.

The San Francisco-based company said it had a loss of 21 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 6 cents per share.

The webcasting and video communications services provider posted revenue of $36.7 million in the period.

For the year, the company reported a loss of $42.2 million, or $1.01 per share. Revenue was reported as $148.1 million.

For the current quarter ending in March, ON24 expects its results to range from a loss of 3 cents per share to a loss of 1 cent per share.

The company said it expects revenue in the range of $34 million to $34.5 million for the fiscal first quarter.

ON24 expects full-year earnings in the range of 2 cents to 5 cents per share, with revenue ranging from $138.6 million to $141.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONTF at https://www.zacks.com/ap/ONTF

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