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In a challenging market environment, ON24 Inc. (ONTF) stock has touched a new 52-week low, dipping to $5.15. The digital engagement platform, known for its webinar and virtual event services, has faced significant headwinds over the past year. With a market capitalization of $220 million and annual revenue of $148 million, the company has seen its stock decline 16.9% year-to-date. InvestingPro analysis suggests the stock is currently trading below its Fair Value. Investors have shown concern as the company navigates through a shifting landscape of customer engagement, with the stock price struggling to regain momentum. The current low represents a critical juncture for ON24 as it aims to adapt its strategies to recapture growth and investor confidence. InvestingPro subscribers can access 8 additional key insights about ON24, including crucial metrics and analysis that could help inform investment decisions.
In other recent news, ON24 Inc. reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of $0.06, compared to the forecasted $0.01. The company’s revenue also surpassed projections, reaching $36.7 million against an anticipated $35.87 million. These results reflect a positive shift in ON24’s financial health, despite a 6% year-over-year decrease in core platform revenue. The company launched an AI-powered ACE platform, which significantly contributed to growth in annual recurring revenue (ARR) bookings. ON24’s ARR stood at $127.3 million, marking a 6% decline year-over-year, though the company remains optimistic about a return to ARR growth in 2025. Analyst firms have not issued recent upgrades or downgrades, but the company’s strategic focus on AI and enterprise markets is noted. ON24’s gross margin improved to 77%, and it achieved a positive free cash flow of $2.6 million for the year. The company has set a revenue guidance between $136.3 million and $139.3 million for 2025, with expectations of achieving EBITDA positivity from the second quarter onwards.
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