ON24 stock hits 52-week low at $4.48 amid market challenges

In a challenging market environment, ON24 Inc. (ONTF) stock has touched a 52-week low, dipping to $4.48. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.59 and holds more cash than debt on its balance sheet. The company, known for its webinar and virtual event solutions, has faced significant headwinds over the past year, reflected in a substantial 1-year change with a decline of nearly 32%. While the company posted revenue of $148.08M in the last twelve months, investors have shown concern as the stock struggles to regain momentum, marking a notable low point for the tech firm amidst a broader industry recalibration. The current price level serves as a critical juncture for ON24 as it navigates through the evolving market landscape. Despite current challenges, analysts project profitability this year, with detailed analysis available in the comprehensive Pro Research Report on InvestingPro, which covers this and 1,400+ other US stocks.

In other recent news, ON24 Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.06, compared to the forecasted $0.01. The company’s revenue also exceeded projections, reaching $36.7 million against an anticipated $35.87 million. ON24’s positive free cash flow amounted to $2.6 million for the year. The launch of the AI-powered ACE platform significantly contributed to the company’s growth, accounting for over 20% of the growth in annual recurring revenue (ARR) bookings. Despite a 6% year-over-year decrease in core platform revenue, ON24’s strategic innovations have bolstered its performance. The company ended the year with an ARR of $127.3 million, reflecting a 6% decline year-over-year. Looking forward, ON24 has set a full-year 2025 revenue guidance between $136.3 million and $139.3 million, with expectations of achieving EBITDA positivity from Q2 to Q4 2025. Additionally, ON24 aims to return to ARR growth in 2025, projecting a 1-2% increase.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.