ONTF Earnings Prediction
The chart below shows how ONTF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ONTF sees a +3.65% change in stock price 10 days leading up to the earnings, and a -4.76% change 10 days following the report. On the earnings day itself, the stock moves by -0.53%. This data can give you a slight idea of what to expect for the next quarter's release.
ONTF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
36.33M
-7.39%
-2.74%
Gross Margin
74.69%
0.74%
0.23%
Operating Margin
-35.40%
8.49%
5.29%
Net Margin
-31.40%
7.35%
4.95%
EPS
-0.27
-3.85%
-0.00%
No Data Available
ONTF Earnings Analysis
ON24, Inc. Corporation (ONTF.N) Earnings Conference Call
Positive
Revenue from core platform including services was $35.6 million, exceeding guidance.
Total revenue for Q3 was $36.3 million, which includes Virtual Conference revenue.
Achieved positive adjusted EBITDA and non-GAAP EPS for the sixth consecutive quarter.
Free cash flow was positive $2.1 million year-to-date, an improvement of $14.5 million from the previous year.
Gross margin improved by approximately 200 basis points year-to-date in 2024 compared to the same period in 2023.
Negative
Revenue from core platform decreased by 7% year-over-year, totaling $35.6 million in Q3 2024.
Total professional services revenue decreased by 12% year-over-year, amounting to $2.5 million in Q3 2024.
Core platform ARR decreased by approximately $1.37 million from Q2 2024, ending at $129.7 million in Q3 2024.
Total revenue for Q3 2024 was $36.3 million, which is lower than expected due to ongoing pressure on marketing budgets.
Non-GAAP operating loss of $0.8 million in Q3 2024, indicating a negative operating margin of 2%.
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ONTF Earning Call Sentiment
ON24, Inc (ONTF) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ONTF.N
4.29%Positive
The earnings call presents a mixed picture. Financial performance shows declines in revenue and ARR, but gross margin and EBITDA improved. The guidance is cautious, with breakeven to negative ARR expected. The share repurchase program is a positive signal, but competitive pressures and economic conditions pose risks. The Q&A reveals some optimism about customer win-backs and retention improvements. Overall, the sentiment is balanced between positive developments and ongoing challenges, leading to a neutral prediction for stock price movement.
