SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — ON24 Inc. (ONTF) on Tuesday reported a loss of $12.1 million in its fourth quarter.
The San Francisco-based company said it had a loss of 25 cents per share. Losses, adjusted for stock option expense and restructuring costs, were 4 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The webcasting and video communications services provider posted revenue of $46.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $46.2 million.
For the year, the company reported a loss of $58.2 million, or $1.23 per share. Revenue was reported as $190.9 million.
For the current quarter ending in March, ON24 expects its results to range from a loss of 8 cents per share to a loss of 6 cents per share.
The company said it expects revenue in the range of $42 million to $43 million for the fiscal first quarter.
ON24 expects full-year results to range from a loss of 8 cents per share to a loss of 1 cent per share, with revenue ranging from $165 million to $170 million.
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