On24, Inc. ( (ONTF) ) has released its Q4 earnings. Here is a breakdown of the information On24, Inc. presented to its investors.
ON24, Inc. is a leading intelligent engagement platform that specializes in B2B sales and marketing, offering innovative solutions to enhance customer engagement and drive business results.
In its latest earnings report, ON24 announced a total revenue of $36.7 million for the fourth quarter of 2024, marking a year of consistent profitability and positive cash flow. The company also highlighted its AI-powered ACE product, which significantly contributed to its growth in annual recurring revenue (ARR) bookings.
Key financial metrics from the report include a core platform ARR of $127.3 million and a total ARR of $129.7 million by the end of 2024. Despite a GAAP operating loss of $11.8 million, the company achieved a non-GAAP net income of $2.5 million. The company’s cash flow remained positive, with $1.0 million generated from operating activities in the fourth quarter. ON24 also reported improvements in customer retention and continued product innovation.
Looking ahead, ON24’s management expressed optimism about returning to ARR growth in 2025, with plans to enhance retention rates and expand its customer base further. The company aims to maintain its positive cash flow and drive additional product innovations to support its growth strategy.
ON24’s strategic focus on AI-driven solutions and customer engagement positions it well for future growth, as it continues to adapt to the evolving needs of the B2B sales and marketing landscape.