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Mar 31, 2022
ON24 Q1 2022 Earnings Report
Announced first quarter 2022 financial results, reporting a total revenue of $48.5 million and an ARR of $167.7 million.
Key Takeaways
ON24 reported a total revenue of $48.5 million for Q1 2022, a decrease of 3% year-over-year. The company's ARR reached $167.7 million, a 3% increase year-over-year. GAAP operating loss was $15.2 million, and non-GAAP operating loss was $5.7 million. The company launched two new products and acquired VIBBIO to enhance its platform.
ARR of $167.7 million as of March 31, 2022, an increase of 3% year-over-year.
Total revenue was $48.5 million, a decrease of 3% year-over-year.
GAAP Operating Loss was $15.2 million, compared to GAAP operating loss of $2.2 million in the first quarter of 2021.
Launched ON24 Forums, a new live engagement experience as part of the ON24 Platform.
Forward Guidance
For the second quarter of 2022, ON24 expects total revenue of $47 to $48 million, a non-GAAP operating loss of $8 to $7 million, and a non-GAAP net loss per share of $(0.17) to $(0.15). For the full year 2022, ON24 expects total revenue of $191 to $195 million, a non-GAAP operating loss of $30 to $27 million, and a non-GAAP net loss per share of $(0.64) to $(0.58).
Positive Outlook
- Total revenue of $47 to $48 million for Q2 2022.
- Non-GAAP operating loss of $8 to $7 million for Q2 2022.
- Non-GAAP net loss per share of $(0.17) to $(0.15) for Q2 2022.
- Total revenue of $191 to $195 million for full year 2022.
- Non-GAAP operating loss of $30 to $27 million for full year 2022.
Challenges Ahead
- Macro-economic environment, particularly in EMEA.
- Potential impact of organizations continuing to assess their post-pandemic digital budgets.
- Non-GAAP net loss per share of $(0.64) to $(0.58) for full year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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