Recap: ON24 Q1 Earnings

ON24 (NYSE:ONTF) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM. Here’s what investors…

byBenzinga Insights

May 9, 2023

1 minute read

ON24 (NYSE:ONTF) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here’s what investors need to know about the announcement.

Earnings

ON24 beat estimated earnings by 42.86%, reporting an EPS of $-0.04 versus an estimate of $-0.07.

Revenue was down $5.43 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 18.88% drop in the share price the next day.

Here’s a look at ON24’s past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.09	-0.16	-0.16	-0.16
EPS Actual	-0.04	-0.07	-0.14	-0.13
Revenue Estimate	46.15M	47.41M	47.27M	47.76M
Revenue Actual	46.57M	47.58M	48.24M	48.49M

To track all earnings releases for ON24 visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Decibel Cannabis Reports 16% YoY Drop In Q1 Revenue, CEO Expects Improved Q2 And ‘Continued Path To Sustainable Growth And Profitability’

By Jelena Martinovic

May 29, 10:18 AM

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF), a maker of premium cannabis and extract manufactured products, announced on Wednesday its unaudited interim financial results for the three months ending March 31, 2024. The Calgary, Alberta-based company reported a year-over-year decrease of 16% in net revenue to $21 million. Benjamin Sze, the company's CEO said that "despite the drop in revenue, we remain one of Canada's top brands by market share." The company boasted a national market share of 6% in the first quarter, placing it as the 4th largest licensed producer in Canada by market share, the company said in a press release.