In This Article:
ON24 (NYSE:ONTF) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$36.3m (down 7.4% from 3Q 2023).
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Net loss: US$11.4m (flat on 3Q 2023).
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US$0.27 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
ON24 Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%.
Performance of the American Software industry.
The company's shares are up 12% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with ON24.
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