Welcome to our dedicated page for OneStream news (Ticker: OS), a resource for investors and traders seeking the latest updates and insights on OneStream stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OneStream's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OneStream's position in the market.
OneStream (Nasdaq: OS) reported strong Q2 2024 financial results, with total revenue reaching $117.5 million, up 36% year-over-year. Subscription revenue grew 44% to $103.1 million. The company's GAAP operating loss improved to $11.6 million from $16.2 million in Q2 2023, with operating margin improving to (10)% from (19)%.
CEO Tom Shea highlighted the company's positive cash flow for the third consecutive quarter. OneStream completed its IPO on July 25, 2024, raising $352.9 million in net proceeds. The company also announced new innovations at its annual user conference and received workplace awards.
For Q3 2024, OneStream projects revenue between $123M - $125M and a non-GAAP operating margin of (2)% - 0%. Full-year 2024 guidance estimates revenue of $476M - $480M with a non-GAAP operating margin of (5)% - (1)%.
OneStream (NASDAQ: OS), a leading enterprise Finance management platform, has announced its participation in two upcoming investor conferences. The company will present at Citi's 2024 Global TMT Conference in New York on September 5 at 3:50 p.m. ET, and at the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 11 at 11:10 a.m. ET.
OneStream's platform unifies core finance and operational functions, including financial close, consolidation, reporting, planning, and forecasting. Investors and interested parties can access live webcasts and replays of these presentations through OneStream's investor relations website at https://investor.onestream.com/.
OneStream (NASDAQ: OS), a leading enterprise Finance management platform, has announced the timing of its Second Quarter Fiscal Year 2024 Financial Results Conference Call. The company will report its financial results for the quarter ended June 30, 2024, after the market close on Tuesday, September 3, 2024.
A conference call and webcast will be hosted at 4:30 p.m. ET / 1:30 p.m. PT on the same day to discuss the financial results. Investors can access the webcast through the company's investor relations website. A replay of the webcast will be available in the Investors section of OneStream's website following the call.
OneStream has priced its initial public offering of 24,500,000 shares of Class A common stock at $20.00 per share. Trading is set to begin on the Nasdaq Global Select Market on July 24, 2024, under the symbol 'OS'. The offering includes 18,054,333 shares from OneStream and 6,445,667 from existing stockholders. Underwriters have a 30-day option to purchase up to 3,675,000 additional shares.
OneStream plans to use the proceeds to purchase newly issued common units of OneStream Software and to acquire common units and Class C common stock from existing stockholders. Morgan Stanley, J.P. Morgan, and KKR are leading the offering as book-running managers.
FAQ
What is the current stock price of OneStream (OS)?
What is the market cap of OneStream (OS)?
