ON24, Inc. (ONTF) Financial Statements (2023 and earlier)

Company Profile

Business Address 50 BEALE STREET, 8TH FLOOR
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments328,121382,557
Cash and cash equivalents26,996164,948
Short-term investments301,125217,609
Receivables43,75746,117
Prepaid expense  5,617
Contract with customer, asset, after allowance for credit loss13,13611,921
Other current assets  64
Other undisclosed current assets6,2812,786
Total current assets:391,295449,062
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,308 
Operating lease, right-of-use asset5,606 
Property, plant and equipment  8,780
Intangible assets, net (including goodwill)1,979 
Intangible assets, net (excluding goodwill)1,979 
Contract with customer, asset, after allowance for credit loss17,77320,887
Restricted cash and investments173 
Other noncurrent assets1,6081,760
Other undisclosed noncurrent assets5,731 
Total noncurrent assets:34,17831,427
TOTAL ASSETS:425,473480,489
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,07621,863
Accounts payable4,6113,123
Accrued liabilities18,46518,740
Deferred revenue83,45396,225
Debt1,5542,039
Restructuring reserve 200 
Other undisclosed current liabilities2,448 
Total current liabilities:110,731120,127
Noncurrent Liabilities
Long-term debt and lease obligation, including: 911,955
Finance lease, liability 91 
Other undisclosed long-term debt and lease obligation  1,955
Liabilities, other than long-term debt6,6903,317
Other liabilities1,6503,317
Operating lease, liability5,040 
Total noncurrent liabilities:6,7815,272
Total liabilities:117,512125,399
Equity
Equity, attributable to parent307,961355,090
Common stock55
Additional paid in capital562,555550,839
Accumulated other comprehensive loss(872)(235)
Accumulated deficit(253,727)(195,519)
Total equity:307,961355,090
TOTAL LIABILITIES AND EQUITY:425,473480,489

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
Revenues190,872203,613
Cost of revenue(52,785)(47,365)
Gross profit:138,087156,248
Operating expenses(197,670)(179,838)
Operating loss:(59,583)(23,590)
Nonoperating income (expense)2,514(487)
Investment income, nonoperating3,156 
Loss, foreign currency transaction, before tax(910) 
Other nonoperating income (expense)268(487)
Interest and debt expense(181)(464)
Loss from continuing operations before income taxes:(57,250)(24,541)
Income tax expense (benefit)(958)285
Loss from continuing operations:(58,208)(24,256)
Loss before gain (loss) on sale of properties:(24,256)
Net loss attributable to parent:(58,208)(24,256)
Preferred stock dividends and other adjustments  (558)
Net loss available to common stockholders, diluted:(58,208)(24,814)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(58,208)(24,256)
Comprehensive loss:(58,208)(24,256)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(637)(329)
Comprehensive loss, net of tax, attributable to parent:(58,845)(24,585)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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