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 investments | 328,121 | 382,557 | |||
| Cash and cash equivalents | 26,996 | 164,948 | |||
| Short-term investments | 301,125 | 217,609 | |||
| Receivables | 43,757 | 46,117 | |||
| Prepaid expense | 5,617 | ||||
| Contract with customer, asset, after allowance for credit loss | 13,136 | 11,921 | |||
| Other current assets | 64 | ||||
| Other undisclosed current assets | 6,281 | 2,786 | |||
| Total current assets: | 391,295 | 449,062 | |||
| Noncurrent Assets | |||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,308 | ||||
| Operating lease, right-of-use asset | 5,606 | ||||
| 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 loss | 17,773 | 20,887 | |||
| Restricted cash and investments | 173 | ||||
| Other noncurrent assets | 1,608 | 1,760 | |||
| Other undisclosed noncurrent assets | 5,731 | ||||
| Total noncurrent assets: | 34,178 | 31,427 | |||
| TOTAL ASSETS: | 425,473 | 480,489 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 23,076 | 21,863 | |||
| Accounts payable | 4,611 | 3,123 | |||
| Accrued liabilities | 18,465 | 18,740 | |||
| Deferred revenue | 83,453 | 96,225 | |||
| Debt | 1,554 | 2,039 | |||
| Restructuring reserve | 200 | ||||
| Other undisclosed current liabilities | 2,448 | ||||
| Total current liabilities: | 110,731 | 120,127 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation, including: | 91 | 1,955 | |||
| Finance lease, liability | 91 | ||||
| Other undisclosed long-term debt and lease obligation | 1,955 | ||||
| Liabilities, other than long-term debt | 6,690 | 3,317 | |||
| Other liabilities | 1,650 | 3,317 | |||
| Operating lease, liability | 5,040 | ||||
| Total noncurrent liabilities: | 6,781 | 5,272 | |||
| Total liabilities: | 117,512 | 125,399 | |||
| Equity | |||||
| Equity, attributable to parent | 307,961 | 355,090 | |||
| Common stock | 5 | 5 | |||
| Additional paid in capital | 562,555 | 550,839 | |||
| Accumulated other comprehensive loss | (872) | (235) | |||
| Accumulated deficit | (253,727) | (195,519) | |||
| Total equity: | 307,961 | 355,090 | |||
| TOTAL LIABILITIES AND EQUITY: | 425,473 | 480,489 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 190,872 | 203,613 | ||
| Cost of revenue | (52,785) | (47,365) | ||
| Gross profit: | 138,087 | 156,248 | ||
| Operating expenses | (197,670) | (179,838) | ||
| Operating loss: | (59,583) | (23,590) | ||
| Nonoperating income (expense) | 2,514 | (487) | ||
| Investment income, nonoperating | 3,156 | |||
| 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.