ON24 Announces First Quarter 2021 Financial Results
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May 13, 2021 6:48 AM EDT
Needham & Company analyst Scott Berg lowered the price target on On24 Inc. (NYSE: ONTF) to $50.00 (from $70.00) while maintaining a Buy rating.
The analyst commented, "On24 reported strong 1Q results with revenue and non-GAAP EPS above our estimates along with ARR $6mm above... More
May 12, 2021 4:19 PM EDT
ON24, Inc. (NYSE: ONTF) reported Q1 EPS of $0.05, $0.04 better than the analyst estimate of $0.01. Revenue for the quarter came in at $50.1 million versus the consensus estimate of $48.85 million.
First Quarter 2020 Financial Highlights
ARR: ARR increased 90% year-over-year to $163.1 million as of March 31, 2021.Revenue: Total revenue was $50.1 million, an increase of 102% year-over-year.Digital Experience Platform Business Revenue: Digital experience platform business revenue (excluding legacy revenue) was $50 million, an increase of 111% year-over-year.Operating Loss: Operating loss was $2.2 million, compared to an operating loss of $1.5 million in the first quarter of 2020.Non-GAAP...
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