Onestream: Fourth Quarter Financial Overview

Onestream Inc. Announces Fourth-Quarter Financial Results

Onestream Inc., headquartered in Birmingham, Michigan, revealed its financial performance for the fourth quarter on Thursday, posting a profit of $999,000.

The company’s net earnings amounted to 1 cent per share. After adjusting for one-time expenses and amortization, the earnings stood at 12 cents per share.

These results exceeded analysts’ expectations, as a consensus of eight analysts polled by Zacks Investment Research had forecasted earnings of 5 cents per share.

The artificial intelligence firm reported revenue of $163.7 million for the quarter, surpassing the $157.2 million anticipated by analysts surveyed by Zacks.

Looking at the full year, Onestream Inc. recorded a net loss of $50.3 million, or 28 cents per share, with total revenue reaching $601.9 million.

Financial data for this report was sourced from Zacks Investment Research and compiled by Automated Insights.