ON24, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:18 pm EST
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ON24, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 39.22 million compared to USD 47.58 million a year ago. Net loss was USD 11.47 million compared to USD 14.39 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to USD 0.3 a year ago.
For the nine months, revenue was USD 124.37 million compared to USD 144.31 million a year ago. Net loss was USD 41.91 million compared to USD 46.08 million a year ago. Basic loss per share from continuing operations was USD 0.92 compared to USD 0.97 a year ago.
ON24, Inc. provides a cloud-based intelligent engagement platform that combines experiences with personalization and content, to enable sales and marketing organizations to capture and act on connected insights at scale. The Company's platformâs portfolio of interactive and personalized digital experience products creates and captures actionable, real-time data from professionals every month to provide businesses with buying signals and behavioral insights to convert prospects into customers. Its portfolio of ON24 Experience products include ON24 Elite, a live, interactive webinar experience; ON24 Forum, a live, interactive experience that facilitates video-to-video interaction between presenters and audiences; ON24 Engagement Hub, an always-on, rich multimedia content experience, and ON24 Target, a personalized and curated, rich multimedia content experience. Its ON24 Experience products are backed by its solutions, including ON24 Intelligence, and ON24 Services & Platform Support.
ON24, INC. 
