ON24: Q4 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — ON24 Inc. (ONTF) on Thursday reported a loss of $9.9 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 24 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 6 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The webcasting and video communications services provider posted revenue of $39.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $37.3 million.

For the year, the company reported a loss of $51.8 million, or $1.16 per share. Revenue was reported as $163.7 million.

For the current quarter ending in March, ON24 said it expects revenue in the range of $36.5 million to $37.5 million.

The company expects full-year earnings in the range of 2 cents to 5 cents per share, with revenue ranging from $143 million to $147 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