8-K
filed February 28, 2023, 6:59 PM ET
CIK 0001110611
earnings
confidence high
sentiment neutral
materiality 0.75
ON24 INC.: restructuring charge — ON24 Q4 revenue -11% YoY; announces $100M capital return, restructuring plan
ON24 INC.
2022-FY EPS reported
-$1.23
revenue$190,872,000
- Q4 total revenue $46.6M (-11% YoY); GAAP net loss $0.25/share, non-GAAP loss $0.04/share.
- Core Platform ARR $152.6M (-3% YoY); Total ARR $159.6M (-7%).
- Restructuring plan $2.8-$3.3M charges (severance + real estate); expects completion Q1 2023.
- $0.50 special dividend + ~$75M buyback; total $141M returned since Dec 2021.
- FY2023 guidance: Core Platform revenue $160-165M; expects non-GAAP breakeven EPS in Q2 2023.
Key facts
Extracted from this filing and checked against the source text.
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
ON24 INC. announced a impairment with charges of $1.3 million to $1.5 million affecting underutilized real estate.
- Type
- impairment
- Charge
- $1.3 million to $1.5 million
- Affected area
- underutilized real estate
Exact text from the filing
the Company currently estimates it will incur a charge of between approximately $2.8 million to $3.3 million by the end of the first quarter of 2023, which consists of $1.5 million to $1.8 million for the reduction in force in cash severance costs and a $1.3 million to $1.5 million impairment charge for underutilized real estate.
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
ON24 INC. announced a restructuring with charges of $1.5 million to $1.8 million.
- Type
- restructuring
- Charge
- $1.5 million to $1.8 million
Exact text from the filing
the Company currently estimates it will incur a charge of between approximately $2.8 million to $3.3 million by the end of the first quarter of 2023, which consists of $1.5 million to $1.8 million for the reduction in force in cash severance costs
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
ON24 INC. announced a restructuring with charges of between approximately $2.8 million to $3.3 million.
- Type
- restructuring
- Charge
- between approximately $2.8 million to $3.3 million
Exact text from the filing
the Company committed to a restructuring plan to reduce expenses (the “ Plan ”). In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $2.8 million to $3.3 million by the end of the first quarter of 2023, which consists of $1.5 million to $1.8 million for the reduction in force in cash severance costs and a $1.3 million to $1.5 million impairment charge for underutilized real estate.
View on SEC.gov
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