Stock reaches lowest level since November

  • ON24 shares fall 9.3% after wider-than-expected 4Q loss
  • Stock reaches lowest intraday level since November
  • Shares have fallen about 12% this year
  • ON24 reports a loss of $9.9 million in Q4
  • Analysts expected a per-share loss of 22 cents
  • ON24 expects a decrease of 10% to 13% in revenue for 2024
  • Analysts had expected $147.4 million in revenue for 2024
  • ON24 expects an adjusted profit of 2 cents to 5 cents a share in 2024

Shares of ON24 fell 9.3% after the company reported a wider-than-expected loss in the fourth quarter. The stock reached its lowest intraday level since November. Overall, shares have fallen about 12% this year. ON24 posted a loss of $9.9 million, or 24 cents a share, in Q4, compared to a loss of $12.1 million, or 25 cents a share, in the same period last year. Analysts were expecting a per-share loss of 22 cents. Revenue for the quarter fell 16% to $39.3 million, missing analysts’ forecast of $37.3 million. Looking ahead, ON24 expects a decrease of 10% to 13% in revenue for 2024, lower than the analysts’ expectation of $147.4 million. The company also expects an adjusted profit of 2 cents to 5 cents a share in 2024.

Factuality Level: 8
Factuality Justification: The article provides specific details about ON24’s financial performance in the fourth quarter, including comparisons to analyst expectations. The information is presented in a straightforward manner without digressions or sensationalism. The article does not contain irrelevant information or biased opinions, and the facts are reported accurately.
Noise Level: 3
Noise Justification: The article provides relevant information about ON24’s financial performance in the fourth quarter, including details about the company’s loss, revenue, and future expectations. The article stays on topic and supports its claims with data and analyst expectations. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: Shares of ON24
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the financial performance of ON24, a marketing platform company. It mentions that ON24’s loss in the fourth quarter was wider than expected, leading to a decrease in the company’s stock price. However, there is no mention of any extreme events or their impact.
Public Companies: ON24 (Unknown)
Key People:

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