2023-05-09 16:56:18 ET
- ON24 press release ( NYSE: ONTF ): Q1 Non-GAAP EPS of -$0.04 beats by $0.03 .
- Revenue of $43.1M (-11.1% Y/Y) beats by $0.56M .
- Core Platform ARR of $149.2 million as of March 31, 2023, a decrease of 4% year-over-year.
- Total ARR of $155.6 million as of March 31, 2023, a decrease of 7% year-over-year.
- Revenue:
- Revenue from our Core Platform, including services, was $41.2 million, a decrease of 7% year-over-year.
- Total revenue was $43.1 million, a decrease of 11% year-over-year.
- GAAP Operating Loss was $19.9 million, compared to GAAP operating loss of $15.2 million in the first quarter of 2022.
- Non-GAAP Operating Loss was $4.2 million, compared to non-GAAP operating loss of $5.7 million in the first quarter of 2022.
- GAAP Net Loss was $17.6 million, or $(0.37) per diluted share, compared to GAAP net loss of $15.5 million, or $(0.32) per diluted share in the first quarter of 2022.
- Q2 Outlook: Core Platform Revenue, including services, to be in the range of $39.5 million to $40.5 million. Total revenue of $41.1 million to $42.1 million; Non-GAAP operating loss of $2.4 million to $1.8 million; Non-GAAP net income per share of $0.00 per share,
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FY Outlook: Core Platform Revenue, including services, to be in the range of $156.5 million to $159.5 million; Total revenue of $162.0 million to $165.0 million; Non-GAAP operating loss of $10.5 million to $8.0 million; Non-GAAP net loss per share of $(0.07) to net income of $0.00 per share.
For further details see:
ON24 Non-GAAP EPS of -$0.04 beats by $0.03, revenue of $43.1M beats by $0.56M