Onestream Q3 Non-GAAP Operating Income Declines, Revenue Rises

MT Newswires Live11-08

Onestream (OS) reported a Q3 non-GAAP operating income late Thursday of $5.5 million, compared with $8.4 million a year earlier.

Revenue in the quarter ended Sept. 30 was $129.1 million, up from $107 million a year earlier.

Analysts surveyed by Capital IQ expected $124.1 million.

In Q4, the company expects non-GAAP earnings per share of $0.01 to $0.03 on revenue of $127 million to $129 million. Analysts expect normalized EPS of $0.01 and $126.7 million in revenue.

For full-year 2024, Onestream now expects non-GAAP EPS of $0.06 to $0.08 on revenue of $484 million to $486 million. It previously projected a non-GAAP range of a loss of $0.05 a share to a profit of $0.01 on revenue of $476 million to $480 million. Analysts are looking for normalized loss per share of $0.02 and $478.6 million in revenue.

Price: 29.79, Change: -3.64, Percent Change: -10.89

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