Welcome to our dedicated page for Ohmyhome news (Ticker: OMH), a resource for investors and traders seeking the latest updates and insights on Ohmyhome stock.
Ohmyhome Limited (NASDAQ: OMH) is a Singapore-based property technology and real estate services company that frequently publishes updates on its business performance, technology initiatives, and capital markets developments. As a one-stop-shop property technology platform, Ohmyhome provides end-to-end property solutions and services, including brokerage, renovation, and condominium property management services in Singapore, and these activities are often reflected in its news flow.
News about Ohmyhome commonly covers segment performance across brokerage, property management, and emerging and other services. The company has released detailed updates on revenue growth, gross margin trends, EBITDA loss movements, and changes in net loss, often supported by condensed income statements, balance sheets, and cash flow data. These releases provide insight into how brokerage transaction volumes, renovation contracts, and property management units under management contribute to overall results.
Another recurring theme in Ohmyhome’s news is its technology and product development. The company has highlighted the launch and evolution of HomerAI, its homeowner-focused mobile application and digital agent, as well as the integration of generative AI into property listings. Press releases describe how these tools support live e-valuations, transaction planning, and visualization of home designs, and how they relate to user engagement and segment growth.
For investors tracking the OMH stock, company news also includes capital markets and governance updates, such as reverse stock split announcements, Nasdaq minimum bid price notifications, and information on extraordinary general meetings and share structure changes. Together, these items help readers understand both operational performance and corporate actions. This news page aggregates such releases so readers can review Ohmyhome’s latest disclosures, historical announcements, and management commentary in one place.
Ohmyhome reported outstanding financial results for fiscal year 2024, with total revenue surging 118% to S$10.9 million from S$5.0 million in 2023. The company showed strong performance across all segments:
- Brokerage revenue grew 39% to S$3.9 million
- Property Management revenue increased 394% to S$4.2 million
- Emerging Services revenue rose 109% to S$2.8 million
Gross margin improved to 40.5%, with notable gains across all segments. The company's EBITDA loss narrowed to S$3.4 million from S$5.1 million, with margin improving from -103% to -31%. Net loss decreased to S$4.4 million. Balance sheet strengthened with total assets at S$10.8 million and reduced liabilities of S$4.5 million. The company's focus remains on scaling core businesses through AI-powered solutions and enhanced marketing strategies.
Ohmyhome (NASDAQ: OMH) has announced a 1-for-10 reverse stock split effective March 10, 2025, following shareholder approval on January 24, 2025. The reverse split will reduce outstanding ordinary shares from approximately 24 million to 2.4 million, with the stock continuing to trade under the symbol 'OMH' but with a new CUSIP number G6S38M115.
The strategic move aims to maintain Nasdaq Capital Market listing compliance by meeting the minimum bid price requirement of $1.00 per share. The company will adjust the par value of post-split shares to $0.01 and proportionally modify outstanding warrants and options. No fractional shares will be issued, with entitlements rounded down to the nearest whole share.
Ohmyhome (NASDAQ: OMH) reports significant growth across all business segments in Q3 2024. The agent brokerage segment achieved a GTV of USD 84 million, up 48.7% from Q3 2023. The renovation segment secured contracts worth USD 1.46 million, marking a 403% year-over-year increase. Property management expanded to 9,283 units, up from 7,560 units in June 2024. The company's cash position improved to USD 2.1 million from USD 1.8 million in June 2024, with narrowed losses due to enhanced operational efficiencies.
Ohmyhome (NASDAQ: OMH), a property technology platform offering end-to-end property solutions in Singapore, has announced it will release Q3 2024 growth updates on October 29, 2024, before market open. This follows the company's reported 106% year-over-year growth in H1 2024. A webinar hosted by Ohmyhome's management team will take place at 8:30 a.m. EST / 8:30 p.m. SGT on the same day to present insights on the company's Q3 growth. Interested parties can register for the webinar through the provided link. After the event, a replay and presentation materials will be available on Ohmyhome's investor relations website.
Ohmyhome (NASDAQ: OMH) reported strong financial results for the first half of 2024, with revenues reaching S$4.5 million (US$3.3 million), representing a 106% growth compared to the same period in 2023. This growth was driven by increased performance across all three primary business units. The company's EBITDA loss margin narrowed from -107% to -44%, while net income loss reduced to S$2.3 million (US$1.7 million), or US$0.07 per diluted share.
Key highlights include:
- 13.9% year-over-year increase in brokerage services revenue
- New revenue contribution of S$2.0 million from Property Management services
- 16% growth in emerging and other services revenue
- Gross profit increase of 108% compared to 1H 2023
- Improved gross margins across all business units
- Cash and cash equivalents of S$2.4 million as of June 30, 2024
Ohmyhome (NASDAQ: OMH), a property technology platform, reported significant year-over-year growth in the first half of 2024 across its brokerage, renovation, and property management segments.
The brokerage segment saw a 53% Y-o-Y increase in Gross Transaction Value (GTV), now accounting for 60% of total property value transacted. The renovation segment experienced a 194% growth due to an increase in office and residential projects. The property management segment, newly acquired, also demonstrated promising growth with a 29% Y-o-Y increase in managed projects.
Anticipated revenue for H1 2024 is expected to exceed 110% growth compared to H1 2023. The company launched new features in its HomerAI product, enhancing user experience for homeowners and buyers through AI-driven tools and simplified processes.
CEO Rhonda Wong expressed excitement about these achievements and future tech-driven innovations.
Ohmyhome, a property technology platform listed on NASDAQ under the symbol OMH, will announce its 2024 growth update on July 5, 2024, before the market opens. The company offers end-to-end property solutions in Singapore, including brokerage, renovation, and condominium management services.
A webinar to discuss key business updates will be held on the same day at 8:30 a.m. Eastern Standard Time/ 8:30 p.m. Singapore Time. Interested parties can register and access the live webinar through a provided link. A replay will be available later on the Ohmyhome Investor Relations website.
Ohmyhome (OMH) received a deficiency notification from Nasdaq due to not meeting the minimum bid price requirement of US$1.00 per share for continued listing. The company has until October 28, 2024, to regain compliance by maintaining a closing bid price of at least US$1.00 for 10 consecutive trading days. Failure to do so may result in delisting, but this notification has no immediate impact on business operations or stock trading.
Ohmyhome (OMH) reports a robust performance in the first quarter of 2024, with significant growth in brokerage, renovation, and property management segments. The company anticipates over 110% year-over-year revenue growth in the first half of the year, driven by increased transaction volume and Gross Transaction Value (GTV). Technological innovations, including the HomerAI mobile app, have played a key role in enhancing customer engagement and user growth.
Summary not available.