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 Ordinary Shares (symbol: OMH) represents a leading property technology company based in Singapore. Ohmyhome Ltd specializes in providing a comprehensive, one-stop-shop property platform that offers end-to-end property solutions and services. Through its subsidiaries, the company delivers a wide range of services including brokerage services, home renovation, furnishing services, listing and research, mortgage referral, legal services, and insurance referral services.
Ohmyhome Ltd is driven by data and technology, allowing it to streamline property transactions and enhance customer experience. The company derives its revenues from two primary sources: brokerage services and property management services, as well as emerging and other services.
Recent achievements include the integration of new revenue streams and IoT integrations, positioning Ohmyhome as a key player in the property technology sector. The development of a Property SuperApp foresees significant growth, providing users with a seamless and integrated platform for all their property needs.
Ohmyhome continues to foster strategic partnerships and actively engages in innovative projects that enhance its service offerings and expand its market reach. The company is committed to maintaining a solid financial condition while exploring new opportunities for growth and expansion.
For more information, investors can contact Skyline Corporate Communications Group, LLC. Connect with Ohmyhome through their Investor Relations Website or follow their social media channels for the latest updates.
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.
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