ON24, Inc. (ONTF) · 10+ Years of Financial statements

Income Statement	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	83	89	157	204	191	164
+ Sales & Services Revenue	83	89	157	204	191	164
- Cost of Revenue	25	27	33	47	53	46
+ Cost of Goods & Services	25	27	33	47	53	46
Gross Profit	58	62	124	156	138	117
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	74	78	102	180	198	179
+ Selling, General & Admin	60	62	82	145	154	138
+ Research & Development	14	16	19	35	44	41
+ Other Operating Expense	-1	- -	- -	- -	- -	- -
Operating Income (Loss)	-16	-16	22	-24	-60	-62
- Non-Operating (Income) Loss	1	1	1	1	-2	-11
+ Interest Expense, Net	1	1	1	- -	-2	-4
+ Interest Expense	1	1	1	- -	- -	- -
- Interest Income	- -	- -	- -	1	2	4
+ Other Non-Op (Income) Loss	- -	- -	- -	1	-1	-7
Pretax Income	-17	-17	21	-25	-57	-51
- Income Tax Expense (Benefit)	- -	- -	- -	- -	1	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-18	-18	21	-24	-58	-52
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-18	-18	21	-24	-58	-52
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-18	-18	21	-24	-58	-52
- Preferred Dividends	3	5	6	1	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-21	-22	15	-25	-58	-52
Basic Weighted Avg Shares	37	37	44	44	47	45
Basic EPS, GAAP	-0.55	-0.6	0.34	-0.57	-1.23	-1.16
Basic EPS from Cont Ops	-0.47	-0.47	0.47	-0.56	-1.23	-1.16
Diluted Weighted Avg Shares	41	41	44	44	47	45
Diluted EPS, GAAP	-0.51	-0.55	0.34	-0.57	-1.23	-1.16
Diluted EPS from Cont Ops	-0.43	-0.43	0.47	-0.56	-1.23	-1.16
EBITDA	-14	-14	25	-19	-54	-57
EBITDA Margin (%)	-17.07	-15.45	15.81	-9.33	-28.38	-34.6
EBITA	-16	-16	22	-24	-60	-62
EBIT	-16	-16	22	-24	-60	-62
Gross Margin (%)	69.83	69.55	78.76	76.74	72.35	71.74
Operating Margin (%)	-19.47	-18.06	13.92	-11.59	-31.22	-37.87
Profit Margin (%)	-21.29	-19.66	13.22	-11.91	-30.5	-31.63
Sales per Employee	- -	- -	286,912	283,979	298,238	354,346
Dividend per Share	- -	- -	- -	- -	- -	1.12
Depreciation Expense	2	2	3	5	5	5

Balance Sheet	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	29	54	127	449	391	254
+ Cash, Cash Equivalents & STI	9	24	61	383	328	199
+ Cash & Cash Equivalents	7	19	58	165	27	53
+ ST Investments	2	5	3	218	301	145
+ Accounts & Notes Receiv	18	23	49	46	44	38
+ Accounts Receivable, Net	18	23	49	46	44	38
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	1	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	8	17	20	19	17
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	6	14	29	31	34	27
+ Property, Plant & Equip, Net	6	5	9	9	13	8
+ Property, Plant & Equip	23	23	29	33	42	41
- Accumulated Depreciation	18	18	20	24	29	33
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	9	20	23	21	18
+ Total Intangible Assets	- -	- -	- -	- -	2	1
+ Goodwill	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	2	1
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	9	20	23	19	17
Total Assets	35	69	157	480	425	280
+ Payables & Accruals	8	8	14	3	5	2
+ Accounts Payable	2	2	5	3	5	2
+ Accrued Taxes	2	1	1	1	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	4	8	-1	- -	- -
+ ST Debt	1	1	2	2	4	3
+ ST Borrowings	1	1	2	2	- -	- -
+ ST Finance Leases	- -	- -	- -	2	4	3
+ Other ST Liabilities	41	50	101	115	102	91
+ Deferred Revenue	35	44	92	96	83	74
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	6	6	8	19	18	17
Total Current Liabilities	50	59	117	120	111	96
+ LT Debt	20	23	26	2	5	2
+ LT Borrowings	20	23	26	2	- -	- -
+ LT Finance Leases	- -	- -	- -	2	5	2
+ Other LT Liabilities	4	4	4	4	2	2
+ Accrued Liabilities	4	4	4	3	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	1	2	2
Total Noncurrent Liabilities	24	27	30	5	7	4
Total Liabilities	74	86	147	125	118	100
+ Preferred Equity and Hybrid Capital	119	154	154	- -	- -	- -
+ Share Capital & APIC	18	21	28	551	563	485
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	18	21	28	551	563	485
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-176	-192	-171	-196	-254	-306
+ Other Equity	- -	- -	- -	- -	-1	- -
Equity Before Minority Interest	-39	-17	10	355	308	180
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	-39	-17	10	355	308	180
Total Liabilities & Equity	35	69	157	480	425	280
Shares Outstanding	41	41	44	48	48	41
Capital Leases - Total	- -	- -	- -	3	9	5
Net Debt	14	5	-30	-161	-27	-53
Net Debt to Equity	-36.13	-30.09	-295.63	-45.33	-8.77	-29.52
Tangible Common Equity Ratio	-455.14	-249.81	-91.67	73.9	72.25	64.13
Current Ratio	0.58	0.92	1.09	3.74	3.53	2.64
Cash Conversion Cycle	- -	56.13	45.38	54.65	59.19	65.33
Number of Employees	- -	- -	547	717	640	462

Cash Flow Statement	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-18	-18	21	-24	-58	-52
+ Depreciation & Amortization	2	2	3	5	5	5
+ Non-Cash Items	2	10	17	44	57	59
+ Stock-Based Compensation	1	2	3	26	39	45
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	1
+ Other Non-Cash Adj	1	8	14	19	18	13
+ Chg in Non-Cash Work Cap	5	-6	-3	-19	-25	-25
+ (Inc) Dec in Accts Receiv	-3	-5	-29	- -	- -	3
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-3	-5	2	2
+ Inc (Dec) in Accts Payable	- -	- -	7	1	2	-5
+ Inc (Dec) in Other	8	- -	22	-15	-29	-25
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-9	-11	38	5	-20	-12
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-1	-1	-4	-4	-2
+ Acq of Fixed Prod Assets	-3	-1	-1	-4	-4	-2
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	7	-3	2	-216	-83	164
+ Dec in LT Investment	19	9	7	20	215	441
+ Inc in LT Investment	-12	-12	-5	-236	-297	-276
+ Net Cash From Acq & Div	- -	- -	- -	- -	-2	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-2	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	4	-4	1	-219	-89	162
+ Dividends Paid	- -	- -	- -	- -	- -	-50
+ Net Cash From Debt	3	2	-1	-25	-2	-2
+ Cash From Debt	4	10	28	- -	- -	- -
+ Repayments of Debt	-1	-7	-29	-25	-2	-2
+ Cash (Repurchase) of Equity	- -	- -	- -	347	-28	-74
+ Increase in Capital Stock	- -	- -	- -	354	2	1
+ Decrease in Capital Stock	- -	- -	- -	-7	-29	-75
+ Other Financing Activities	- -	25	2	-2	1	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	3	28	1	321	-29	-124
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-1	12	39	107	-138	26
EBITDA	-14	-14	25	-19	-54	-57
EBITDA Margin (%)	-17.07	-15.45	15.81	-9.33	-28.38	-34.6
Net Cash Paid for Acquisitions	- -	- -	- -	- -	2	- -
Free Cash Flow	-12	-13	37	2	-24	-14
Free Cash Flow to Firm	- -	- -	37	- -	- -	- -
Free Cash Flow to Equity	- -	20	30	-178	-26	-16
Free Cash Flow per Basic Share	-0.32	-0.34	0.82	0.04	-0.51	-0.32
Price/Free Cash Flow	- -	- -	- -	86.25	-23.51	-35.38
Cash Flow to Net Income	0.49	0.65	1.81	-0.21	0.35	0.24

ON24, Inc.

ONTF US

5.55

5.55