ON24: Q1 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — ON24 Inc. (ONTF) on Tuesday reported a loss of $17.6 million in its first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 37 cents. Losses, adjusted for stock option expense and restructuring costs, came to 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The webcasting and video communications services provider posted revenue of $43.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $42.5 million.
For the current quarter ending in June, ON24 said it expects revenue in the range of $41.1 million to $42.1 million.
The company expects full-year revenue in the range of $162 million to $165 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ONTF at https://www.zacks.com/ap/ONTF
