Here's Why We're Not At All Concerned With ON24's (NYSE:ONTF) Cash Burn Situation [Yahoo! Finance]
ON24, Inc. (ONTF)
Company Research
Source: Yahoo! Finance
So, the natural question for ON24 NYSE:ONTF ) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. When Might ON24 Run Out Of Money? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In June 2024, ON24 had US$194m in cash, and was debt-free. In the last year, its cash burn was US$3.2m. That means it had a cash runway of very many years as of June 2024. Importantly, though, analysts think that ON24 will reach cashflow breakeven before then. If that happens, then the length of its cash runway, today, would become a moot point. The image below shows how its cash balance has been changing over the l
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- ON24 Ranked Top Engagement Platform for Sales and Marketing Teams in G2 Fall 2024 ReportBusiness Wire
- Is ON24, Inc. (ONTF) The Best Video Conferencing Stock To Buy According To Analysts? [Yahoo! Finance]Yahoo! Finance
- ON24 Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- ON24 Inc (ONTF) Q3 2024 Earnings Call Highlights: Navigating Challenges with AI-Powered Growth [Yahoo! Finance]Yahoo! Finance
- ON24, Inc. (NYSE: ONTF) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
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- 11/7/24 - Beat
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Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- ONTF's page on the SEC website