May 19, 2024
  • Achieved Total Revenue of $37.7 million and exceeded profitability targets for 4th consecutive quarter
  • Continued signs of stabilization in customer base driven by positive trends in gross retention
  • Strong enterprise business performance metrics; including record percentage of ARR in multiyear agreements and highest ARR per customer
  • Growth ARR uplift from momentum of early adopters of the ON24 next gen platform and AI-powered offerings

SAN FRANCISCO–(BUSINESS WIRE)–ON24 (NYSE: ONTF), an intelligent engagement platform for B2B sales and marketing, today announced financial results for the first quarter ended March 31, 2024.

“In Q1, we continued to execute against our strategic and financial targets, delivering solid topline results and achieving our profitability targets for the fourth quarter in a row,” said Sharat Sharan, co-founder and CEO of ON24. “Furthermore, we were pleased with continued signs of stability in our customer base with positive trends in gross retention rates, greater business diversification across customer verticals with mission-critical digital transformation use cases, and expansion through our newly launched AI-powered next generation platform. Looking forward, we are being prudent in our outlook for FY 2024 given continued pressure on marketing budgets, but we remain confident that the company is well-positioned to achieve its long-term goal of generating double-digit top-line growth with double-digit EBITDA margins.”

First Quarter 2024 Financial Highlights

  • Revenue:
    • Revenue from our Core Platform, including services, was $36.8 million.
    • Total revenue was $37.7 million.
  • ARR:
    • Core Platform ARR of $133.3 million as of March 31, 2024.
    • Total ARR of $136.5 million as of March 31, 2024.
  • GAAP Operating Loss was $12.5 million, compared to GAAP operating loss of $19.9 million in the first quarter of 2023.
  • Non-GAAP Operating Loss was $0.8 million, compared to non-GAAP operating loss of $4.2 million in the first quarter of 2023.
  • GAAP Net Loss was $10.7 million, or $(0.26) per diluted share, compared to GAAP net loss of $17.6 million, or $(0.37) per diluted share in the first quarter of 2023.
  • Non-GAAP Net Income was $1.0 million, or $0.02 per diluted share, compared to a non-GAAP net loss of $1.8 million, or $(0.04) per diluted share in the first quarter of 2023.
  • Adjusted EBITDA was $0.3 million.
  • Cash Flow: Net cash provided by operating activities was $2.1 million, compared to $4.2 million used in operating activities in the first quarter of 2023. Free cash flow was $1.1 million for the quarter, compared to $(4.3) million in the first quarter of 2023.
  • Cash, Cash Equivalents and Marketable Securities totaled $196.1 million as of March 31, 2024.

For more information regarding non-GAAP operating income (loss), non-GAAP net income (loss) and free cash flows, see the section titled “Non-GAAP Financial Measures” below. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure, see the tables at the end of this press release.

Recent Business Highlights:

  • Strong momentum from early adopters of the ON24 Intelligent Engagement Platform and AI-powered ACE with AI-powered ACE ARR reaching the double-digit mark as a percentage of growth ARR in Q1.
  • ON24 named winner of the TrustRadius “Most Loved” award in the marketing technology category based on thousands of customer reviews.
  • With steadfast focus on enterprises, ON24 ranked top enterprise digital engagement platform for past 5 years on G2.
  • As focus on life sciences vertical continues, ON24 achieved Silver Certification in the Veeva Technology Partner Program.

Financial Outlook

For the second quarter of 2024, ON24 expects:

  • Core Platform Revenue, including services, to be in the range of $35.0 million to $36.0 million.
  • Total revenue of $35.8 million to $36.8 million.
  • Non-GAAP operating loss of $1.7 million to $0.7 million.
  • Non-GAAP net income per share of $0.00 to $0.02 using approximately 46.9 million diluted shares outstanding.
    • Restructuring charge of $0.6 million to $0.9 million, excluded from the Non-GAAP amounts above.

For the full year 2024, ON24 expects:

  • Core Platform Revenue, including services, to be in the range of $139.8 million to $143.8 million.
  • Total revenue of $143.0 million to $147.0 million.
  • Non-GAAP operating loss of $5.5 million to $3.5 million.
  • Non-GAAP net income per share of $0.03 to $0.07 per share using approximately 47.2 million diluted shares outstanding.

Conference Call Information

ON24 will host a conference call and live webcast for analysts and investors today at 2:00 p.m. Pacific Time. Parties in the United States can access the call by dialing (866) 682-6100 or (862) 298-0702.

A webcast and management’s prepared remarks for today’s call will be accessible on ON24’s investor relations website at investors.on24.com. Approximately one hour after completion of the live call, an archived version of the webcast will be available on the Company’s investor relations website.

Definitions of Certain Key Business Metrics

Core Platform: The ON24 Core Platform products include those listed below:

ON24 Elite: live, interactive webinar experience that engages prospective customers in real-time and can be made available in an on-demand format.

ON24 Breakouts: live breakout room experience that facilitates networking, collaboration and interactivity between users.

ON24 Forums: live, interactive experience that facilitates video-to-video interaction between presenters and audiences.

ON24 Go Live: live, interactive video event experience that enables presenters and attendees to engage face-to-face in real-time and can also be made available in an on-demand format.

ON24 Engagement Hub: always-on, rich multimedia content experience that prospective customers can engage anytime, anywhere.

ON24 Target: personalize and curate, rich landing page experience that engages specific segments of prospective customers to drive desired action.

ON24 AI-powered ACE: the next generation AI-powered analytics and content engine.

Annual Recurring Revenue (“ARR”): ARR is calculated as the sum of the annualized value of our subscription contracts as of the measurement date, including existing customers with expired contracts that we expect to be renewed. Our ARR amounts exclude professional services, overages from subscription customers and Legacy revenue.

Non-GAAP Financial Measures

In addition to our results determined in accordance with generally accepted accounting principles in the United States, or “GAAP”, we consider our non-GAAP operating income (loss), non-GAAP net income (loss), Adjusted EBITDA, and free cash flow in evaluating our operating performance. We define non-GAAP operating income (loss) as net income (loss) excluding, interest expense, other (income) expense, net, income tax, stock-based compensation, amortization of acquired intangible assets, shareholder activism related costs, restructuring costs, charges for underutilized real estate, and certain other costs. We define non-GAAP net income (loss) as net income (loss) excluding stock-based compensation, amortization of acquired intangible assets, shareholder activism related costs, restructuring costs, charges for underutilized real estate, and certain other costs. We define Adjusted EBITDA as net income (loss) excluding interest expense, other (income) expense, net, provision for income taxes, depreciation and amortization, amortization of acquired intangible assets, amortization of cloud implementation costs, stock-based compensation, restructuring costs, impairment charges, and shareholder activism related costs. We define free cash flow as net cash provided by (used in) operating activities, less purchases of property and equipment.

We use non-GAAP operating income (loss), non-GAAP net income (loss), and Adjusted EBITDA to evaluate our ongoing operations and for internal planning and forecasting purposes, and we use free cash flow to measure and evaluate cash generated through normal business operations. We believe non-GAAP operating income (loss), non-GAAP net income (loss), and Adjusted EBITDA may be helpful to investors because they provide consistency and comparability with past financial performance. We believe free cash flow may be helpful to investors because it reflects that some purchases of property and equipment are necessary to support ongoing operations, while providing a measure of cash available to acquire customers, expand within existing customers and otherwise pursue our business strategies.

However, these non-GAAP financial measures are each presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Non-GAAP financial measures have no standardized meanings prescribed by GAAP and are not prepared under a comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measure as a tool for comparison.

We do not provide a quantitative reconciliation of the forward-looking non-GAAP financial measures included in this press release to the most directly comparable GAAP measures due to the high variability and difficulty to predict certain items excluded from these non-GAAP financial measures; in particular, the effects of stock-based compensation expense, and restructuring and transaction expenses. We expect the variability of these excluded items may have a significant, and potentially unpredictable, impact on our future GAAP financial results.

Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measure are included in the tables at the end of this press release.

Forward-Looking Statements

This document contains “forward-looking statements” under applicable securities laws. Such statements can be identified by words such as: “outlook,” “expect,” “target,” “believe,” “plan,” “future,” “may,” “should,” “will,” and similar references to future periods. Forward-looking statements include express or implied statements regarding our expected financial and operating results, the execution of our capital return program, the size of our market opportunity, the success of our new products and capabilities, including our new AI-powered Analytics and Content Engine, and other statements regarding our ability to achieve our business strategies, growth, or other future events or conditions. Such statements are based on our current beliefs, expectations, and assumptions about future events or conditions, which are subject to inherent risks and uncertainties, including our ability to attract new customers and expand sales to existing customers, decline in our growth rate; fluctuation in our performance, our history of net losses and expected increases in our expenses; competition and technological development in our markets and any decline in demand for our solutions; our ability to expand our sales and marketing capabilities and otherwise achieve our growth; the impact of the resumption of in-person marketing activities on our customer growth rate; disruptions or other issues with our technology or third-party services; compliance with data privacy, import and export controls, customs, sanctions and other laws and regulations; intellectual property matters; and matters relating to our common stock, along with the other risks and uncertainties discussed in the filings we make from time to time with the Securities and Exchange Commission. Actual results may differ materially from those indicated in forward-looking statements, and you should not place undue reliance on them. All statements herein are based only on information currently available to us and speak only as of the date hereof. Except as required by law, we undertake no obligation to update any such statement.

About ON24

ON24 is on a mission to help businesses bring their go-to-market strategy into the AI era and drive cost-effective revenue growth. Through its leading intelligent engagement platform, ON24 enables customers to combine best-in-class experiences with personalization and content, to capture and act on connected insights at scale.

ON24 provides industry-leading companies, including 3 of the 5 largest global technology companies, 3 of the 5 top global asset management firms, 3 of the 5 largest global healthcare companies and 3 of the 5 largest global industrial companies, with a valuable source of first-party data to drive sales and marketing innovation, improve efficiency and increase business results. Headquartered in San Francisco, ON24 has offices globally in North America, EMEA and APAC. For more information, visit www.ON24.com.

© 2024 ON24, Inc. All rights reserved. ON24 and the ON24 logo are trademarks owned by ON24, Inc., and are registered in the United States Patent and Trademark Office and in other countries.

ON24, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

 

 

March 31, 2024

 

December 31, 2023

Assets

 

 

 

Current assets

 

 

 

Cash and cash equivalents

$

18,292

 

 

$

53,209

 

Marketable securities

 

177,766

 

 

 

145,497

 

Accounts receivable, net

 

28,523

 

 

 

37,939

 

Deferred contract acquisition costs, current

 

12,349

 

 

 

12,428

 

Prepaid expenses and other current assets

 

6,922

 

 

 

4,714

 

Total current assets

 

243,852

 

 

 

253,787

 

Property and equipment, net

 

6,130

 

 

 

5,371

 

Operating right-of-use assets

 

2,650

 

 

 

2,981

 

Intangible asset, net

 

1,102

 

 

 

1,305

 

Deferred contract acquisition costs, non-current

 

14,421

 

 

 

15,756

 

Other long-term assets

 

1,009

 

 

 

1,102

 

Total assets

$

269,164

 

 

$

280,302

 

Liabilities and Stockholders’ Equity

 

 

 

Current liabilities

 

 

 

Accounts payable

$

1,713

 

 

$

1,914

 

Accrued and other current liabilities

 

13,559

 

 

 

16,907

 

Deferred revenue

 

73,117

 

 

 

74,358

 

Finance lease liabilities, current

 

44

 

 

 

127

 

Operating lease liabilities, current

 

2,867

 

 

 

2,779

 

Total current liabilities

 

91,300

 

 

 

96,085

 

Operating lease liabilities, non-current

 

1,775

 

 

 

2,483

 

Other long-term liabilities

 

1,666

 

 

 

1,517

 

Total liabilities

 

94,741

 

 

 

100,085

 

Stockholders’ equity

 

 

 

Common stock

 

4

 

 

 

4

 

Additional paid-in capital

 

490,896

 

 

 

485,291

 

Accumulated deficit

 

(316,216

)

 

 

(305,513

)

Accumulated other comprehensive income (loss)

 

(261

)

 

 

435

 

Total stockholders’ equity

 

174,423

 

 

 

180,217

 

Total liabilities and stockholders’ equity

$

269,164

 

 

$

280,302

 

 

 

 

 

ON24, INC.

Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)

(Unaudited)

 

 

Three Months Ended March 31,

 

2024

 

2023

Revenue:

 

 

 

Subscription and other platform

$

34,829

 

 

$

39,364

 

Professional services

 

2,898

 

 

 

3,699

 

Total revenue

 

37,727

 

 

 

43,063

 

Cost of revenue:

 

 

 

Subscription and other platform(1)(4)

 

7,346

 

 

 

9,889

 

Professional services(1)(4)

 

2,436

 

 

 

3,317

 

Total cost of revenue

 

9,782

 

 

 

13,206

 

Gross profit

 

27,945

 

 

 

29,857

 

Operating expenses:

 

 

 

Sales and marketing(1)(4)

 

20,074

 

 

 

24,417

 

Research and development(1)(2)(4)

 

9,109

 

 

 

11,099

 

General and administrative(1)(3)(4)

 

11,236

 

 

 

14,278

 

Total operating expenses

 

40,419

 

 

 

49,794

 

Loss from operations

 

(12,474

)

 

 

(19,937

)

Interest expense

 

11

 

 

 

29

 

Other income, net

 

(2,277

)

 

 

(2,572

)

Loss before provision for income taxes

 

(10,208

)

 

 

(17,394

)

Provision for income taxes

 

495

 

 

 

196

 

Net loss

 

(10,703

)

 

 

(17,590

)

Net loss per share:

 

 

 

Basic and diluted

$

(0.26

)

 

$

(0.37

)

Weighted-average shares used in computing net loss per share:

 

 

 

Basic and diluted

 

41,313,674

 

 

 

47,304,983

 

(1)

Includes stock-based compensation as follows:

 

Three Months Ended March 31,

 

2024

 

2023

Cost of revenue

 

 

 

Subscription and other platform

$

668

 

$

785

Professional services

 

121

 

 

152

Total cost of revenue

 

789

 

 

937

Sales and marketing

 

3,058

 

 

3,057

Research and development

 

2,128

 

 

2,021

General and administrative

 

4,362

 

 

4,106

Total stock-based compensation expense

$

10,337

 

$

10,121

 

 

 

 

(2)

Research and development expense for the three months ended March 31, 2024 and 2023 includes amortization of acquired intangible asset of $138 thousand and $142 thousand, respectively, in connection with the Vibbio acquisition in April 2022.

(3)

General and administrative expense for the three months ended March 31, 2024 and 2023 includes fees related to shareholder activism of nil and $2,446 thousand, respectively.

 

(4)

The results of operations for the three months ended March 31, 2024 and 2023 includes restructuring costs, which primarily represent severance and related expense due to restructuring activities, as follows:

 

Three Months Ended March 31,

 

2024

 

2023

Cost of revenue

 

 

 

Subscription and other platform

$

192

 

$

785

Professional services

 

12

 

 

54

Total cost of revenue

 

204

 

 

839

Sales and marketing

 

675

 

 

1,211

Research and development

 

112

 

 

773

General and administrative

 

190

 

 

230

Total restructuring costs

$

1,181

 

$

3,053

 

 

 

 

ON24, INC.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 

 

Three Months Ended March 31,

 

2024

 

2023

Cash flows from operating activities:

 

 

 

Net loss

$

(10,703

)

 

$

(17,590

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

Depreciation and amortization

 

1,233

 

 

 

1,417

 

Stock-based compensation expense

 

10,337

 

 

 

10,121

 

Amortization of deferred contract acquisition cost

 

3,843

 

 

 

3,893

 

Provision for allowance for doubtful accounts and billing reserves

 

625

 

 

 

901

 

Non-cash lease expense

 

391

 

 

 

497

 

Accretion of marketable securities

 

(1,507

)

 

 

(1,826

)

Other

 

35

 

 

 

128

 

Change in operating assets and liabilities:

 

 

 

Accounts receivable

 

8,791

 

 

 

9,405

 

Deferred contract acquisition cost

 

(2,429

)

 

 

(3,546

)

Prepaid expenses and other assets

 

(2,378

)

 

 

(2,069

)

Accounts payable

 

(134

)

 

 

(1,353

)

Accrued liabilities

 

(3,902

)

 

 

(1,089

)

Deferred revenue

 

(1,241

)

 

 

(2,287

)

Other liabilities

 

(823

)

 

 

(769

)

Net cash provided by (used in) operating activities

 

2,138

 

 

 

(4,167

)

Cash flows from investing activities:

 

 

 

Purchase of property and equipment

 

(1,038

)

 

 

(178

)

Purchase of marketable securities

 

(74,093

)

 

 

(119,591

)

Proceeds from maturities of marketable securities

 

38,521

 

 

 

199,210

 

Proceeds from sale of marketable securities

 

4,360

 

 

 

9,321

 

Net cash (used in) provided by investing activities

 

(32,250

)

 

 

88,762

 

Cash flows from financing activities:

 

 

 

Proceeds from exercise of stock options

 

753

 

 

 

255

 

Payment for repurchase of common stock

 

(5,270

)

 

 

(10,720

)

Repayment of equipment loans

 

(36

)

 

 

(71

)

Repayment of finance lease obligations

 

(83

)

 

 

(411

)

Net cash used in financing activities

 

(4,636

)

 

 

(10,947

)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

 

(173

)

 

 

130

 

Net (decrease) increase in cash, cash equivalents and restricted cash

 

(34,921

)

 

 

73,778

 

Cash, cash equivalents and restricted cash, beginning of period

 

53,298

 

 

 

27,169

 

Cash, cash equivalents and restricted cash, end of period

$

18,377

 

 

$

100,947

 

Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets:

 

 

 

Cash and cash equivalents

$

18,292

 

 

$

100,777

 

Restricted cash included in other assets, non-current

 

85

 

 

 

170

 

Total cash, cash equivalent, and restricted cash

$

18,377

 

 

$

100,947

 

 

 

 

 

ON24, INC.

Reconciliation from GAAP to Non-GAAP Results

(in thousands, except share and per share data)

(Unaudited)

 

Reconciliation of gross profit and gross margin

 

Three Months Ended March 31,

 

2024

 

2023

GAAP gross profit

$

27,945

 

 

$

29,857

 

Add:

 

 

 

Stock-based compensation

 

789

 

 

 

937

 

Restructuring costs

 

204

 

 

 

839

 

Non-GAAP gross profit

$

28,938

 

 

$

31,633

 

GAAP gross margin

 

74

%

 

 

69

%

Non-GAAP gross margin

 

77

%

 

 

73

%

 

 

 

 

Reconciliation of operating expenses

 

Three Months Ended March 31,

 

2024

 

2023

GAAP sales and marketing

$

20,074

 

 

$

24,417

 

Less:

 

 

 

Stock-based compensation

 

(3,058

)

 

 

(3,057

)

Restructuring costs

 

(675

)

 

 

(1,211

)

Non-GAAP sales and marketing

$

16,341

 

 

$

20,149

 

 

 

 

 

GAAP research and development

$

9,109

 

 

$

11,099

 

Less:

 

 

 

Stock-based compensation

 

(2,128

)

 

 

(2,021

)

Restructuring costs

 

(112

)

 

 

(773

)

Amortization of acquired intangible asset

 

(138

)

 

 

(142

)

Non-GAAP research and development

$

6,731

 

 

$

8,163

 

 

 

 

 

GAAP general and administrative

$

11,236

 

 

$

14,278

 

Less:

 

 

 

Stock-based compensation

 

(4,362

)

 

 

(4,106

)

Restructuring costs

 

(190

)

 

 

(230

)

Fees related to shareholder activism

 

 

 

 

(2,446

)

Non-GAAP general and administrative

$

6,684

 

 

$

7,496

 

 

 

 

 

ON24, INC.

Reconciliation of GAAP to Non-GAAP Results

(in thousands, except share and per share data)

(Unaudited)

 

 

Reconciliation of net loss to non-GAAP operating loss

 

Three Months Ended March 31,

 

2024

 

2023

Net loss

$

(10,703

)

 

$

(17,590

)

Add:

 

 

 

Interest expense

 

11

 

 

 

29

 

Other income, net

 

(2,277

)

 

 

(2,572

)

Provision for income taxes

 

495

 

 

 

196

 

Stock-based compensation

 

10,337

 

 

 

10,121

 

Amortization of acquired intangible asset

 

138

 

 

 

142

 

Restructuring costs

 

1,181

 

 

 

3,053

 

Fees related to shareholder activism

 

 

 

 

2,446

 

Non-GAAP operating loss

$

(818

)

 

$

(4,175

)

 

 

 

 

Reconciliation of net loss to Adjusted EBITDA

 

Three Months Ended March 31,

 

2024

 

2023

Net loss

$

(10,703

)

 

$

(17,590

)

Add:

 

 

 

Interest expense

 

11

 

 

 

29

 

Other income, net

 

(2,277

)

 

 

(2,572

)

Provision for income taxes

 

495

 

 

 

196

 

Depreciation and amortization

 

1,095

 

 

 

1,275

 

Amortization of acquired intangible asset

 

138

 

 

 

142

 

Amortization of cloud implementation costs

 

36

 

 

 

37

 

Stock-based compensation

 

10,337

 

 

 

10,121

 

Restructuring costs

 

1,181

 

 

 

3,053

 

Fees related to shareholder activism

 

 

 

 

2,446

 

Adjusted EBITDA

$

313

 

 

$

(2,863

)

 

 

 

 

Reconciliation of net loss to non-GAAP net income (loss)

 

Three Months Ended March 31,

 

2024

 

2023

Net loss

$

(10,703

)

 

$

(17,590

)

Add:

 

 

 

Stock-based compensation

 

10,337

 

 

 

10,121

 

Amortization of acquired intangible asset

 

138

 

 

 

142

 

Restructuring costs

 

1,181

 

 

 

3,053

 

Fees related to shareholder activism

 

 

 

 

2,446

 

Non-GAAP net income (loss)

$

953

 

 

$

(1,828

)

 

 

 

 

ON24, INC.

Reconciliation of GAAP to Non-GAAP Results

(in thousands, except share and per share data)

(Unaudited)

Reconciliation of GAAP to Non-GAAP basic and diluted net income (loss) per share

 

Three Months Ended March 31,

 

2024

 

2023

GAAP basic and diluted net loss per share:

 

 

 

Net loss

$

(10,703

)

 

$

(17,590

)

Weighted average common stock outstanding, basic and diluted

 

41,313,674

 

 

 

47,304,983

 

Net loss per share, basic and diluted

$

(0.26

)

 

$

(0.37

)

 

 

 

 

 

Three Months Ended March 31,

 

2024

 

2023

Non-GAAP basic and diluted net income (loss) per share:

 

 

 

Net loss

$

(10,703

)

 

$

(17,590

)

Add:

 

 

 

Stock-based compensation

 

10,337

 

 

 

10,121

 

Amortization of acquired intangible asset

 

138

 

 

 

142

 

Restructuring costs

 

1,181

 

 

 

3,053

 

Fees related to shareholder activism

 

 

 

 

2,446

 

Non-GAAP net income (loss)

$

953

 

 

$

(1,828

)

Non-GAAP weighted-average common stock outstanding

 

 

 

Basic

 

41,313,674

 

 

 

47,304,983

 

Diluted

 

45,624,532

 

 

 

47,304,983

 

Non-GAAP net income (loss) per share of common stock:

 

 

 

Basic

$

0.02

 

 

$

(0.04

)

Diluted

$

0.02

 

 

$

(0.04

)

 

 

 

 

ON24, INC.

Reconciliation of GAAP to Non-GAAP Results

(in thousands)

(Unaudited)

 

 

 

Reconciliation of GAAP Cash Flow from Operating Activities to Free Cash Flow

 

Three Months Ended March 31,

 

2024

 

2023

Net cash provided by (used in) operating activities:

$

2,138

 

 

$

(4,167

)

Less: Purchases of property and equipment

 

(1,038

)

 

 

(178

)

Free cash flow

$

1,100

 

 

$

(4,345

)

 

 

 

 

Contacts

Media Contact:
Tessa Barron

press@on24.com

Investor Contact:
Lauren Sloane, The Blueshirt Group for ON24

investorrelations@on24.com

Read full story here

The post ON24 Announces First Quarter 2024 Financial Results appeared first on Daily Host News.

ON24 Announces First Quarter 2024 Financial Results first appeared on Web and IT News.

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