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On24, Inc. (ONTF)
:ONTF
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.06Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2021
|% Change Since: -0.92%
|Next Earnings Date:Mar 17, 2021
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant achievements in profitability, cash flow, and customer win-backs, driven by the AI-powered ACE solution. However, challenges remain in terms of declining ARR and ongoing pressure on marketing budgets.Company Guidance
During the ON24 Q3 2024 earnings call, the company reported several key metrics exceeding expectations, signaling positive momentum in their business operations. Total revenue reached $36.3 million, with core platform revenue at $35.6 million, and subscription and platform revenue contributing $33.9 million. Professional services brought in an additional $2.5 million. Despite a slight decrease in core platform ARR to $129.7 million, the company achieved its sixth consecutive quarter of adjusted EBITDA profitability and its third consecutive quarter of positive free cash flow, amounting to $2.1 million year-to-date. Gross margins improved by approximately 200 basis points year-to-date, and adjusted EBITDA margins increased by over 300 basis points. The company also highlighted a high single-digit year-over-year improvement in gross retention rates and a mid-single-digit increase in net retention rates. Looking forward, ON24 projects Q4 total revenue between $35.4 million and $36.4 million, and expects to maintain positive adjusted EBITDA and EPS profitability into 2025, with ongoing investments in AI-powered solutions as a growth driver.Improved Financial Metrics
Revenue, gross margins, adjusted EBITDA, and EPS all came in above guidance for Q3 2024. Total revenue was $36.3 million, with subscription and other platform revenue at $33.9 million, and professional services revenue at $2.5 million.
AI-Powered ACE Solution Growth
The AI-powered ACE ARR performance reached a new high as a percentage of growth ARR. The platform's adoption is positively impacting customer health metrics and conversion rates.
Free Cash Flow and Profitability
Delivered positive free cash flow for the third consecutive quarter, with $2.1 million year-to-date improvement over 2023. Achieved positive adjusted EBITDA for the sixth consecutive quarter.
Customer Win Backs
High single-digit percentage of new core ARR from customers returning to ON24 after trying less effective solutions. Notable wins include a $5 billion-plus global cybersecurity company and a $1 billion-plus IT services provider.
Enterprise and Regulated Industry Focus
ARR in multiyear agreements hit an all-time high, with more than 50% of ARR in such agreements. Life sciences vertical showed low single-digit sequential core ARR growth.
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ONTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.51 | $6.58 | +1.08% |
| Aug 06, 2024 | $5.81 | $5.72 | -1.55% |
| May 07, 2024 | $6.76 | $6.46 | -4.44% |
| Feb 22, 2024 | $7.70 | $7.06 | -8.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does On24, Inc. (ONTF) report earnings?
On24, Inc. (ONTF) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is On24, Inc. (ONTF) earnings time?
On24, Inc. (ONTF) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONTF EPS forecast?
ONTF EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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