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ON24 INC.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K
Revenues:  
    Digital engagement platform - subscription and other platform  175.8121.266.3 
    Digital engagement platform - professional services  27.733.614.4 
    Other  16.210.85.4 
    EMEA  36.826.213.6 
Total revenues  203.6156.989.182.6
            Revenue growth   [+]29.7%76.1%7.9% 
Cost of goods sold  47.433.327.124.9
Gross profit  156.2123.662.057.7
            Gross margin  76.7%78.8%69.5%69.8%
Selling, general and administrative   [+]145.082.562.460.3
Research and development  34.819.315.714.3
Other operating expenses     -0.8
EBITDA   [+]-19.024.8-13.8-14.1
            EBITDA margin  -9.3%15.8%-15.5%-17.1%
Depreciation and amortization  4.63.02.32.0
EBIT   [+]-23.621.8-16.1-16.1
            EBIT margin  -11.6%13.9%-18.1%-19.5%
Interest expense  0.50.91.01.1
Other income (expense), net   [+]-0.50.10.0-0.3
Pre-tax income  -24.521.1-17.2-17.4
Income taxes  -0.30.30.40.2
            Tax rate  1.2%1.4%  
Net income  -24.815.1-32.3-20.6
            Net margin  -12.2%9.6%-36.3%-25.0%
   
Basic EPS   [+]($0.57)$1.50($3.68)($2.50)
Diluted EPS   [+]($0.57)$0.93($3.68)($2.50)
   
   
Shares outstanding (basic)   [+]43.610.08.88.2
Shares outstanding (diluted)   [+]43.616.28.88.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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