Onestream Financials Beat Expectations, Driven by Revenue Growth
Onestream Inc. (OS) reported a narrower-than-expected loss in its fourth quarter, defying Wall Street forecasts.
Key Metrics:
* Loss: $31.4 million
* Loss per share: 19 cents
* Adjusted EPS: 7 cents, exceeding analyst estimates of 2 cents
* Revenue: $132.5 million, surpassing forecasts of $128.1 million
Annual Performance:
* Loss: $216.2 million
* Loss per share: $1.25
* Revenue: $489.4 million
Guidance:
For the current quarter ending in March:
* EPS Range: Loss of 4 cents to 2 cents
* Revenue Range: $130 million to $132 million
For the full year:
* EPS Range: 1 cent to 9 cents
* Revenue Range: $583 million to $587 million
The strong performance was primarily driven by revenue growth, particularly in the company's artificial intelligence segment. Onestream expects this momentum to continue in the coming quarters, with revenue and earnings projected to improve.