Welcome to our dedicated page for Onfolio Holdings news (Ticker: ONFO), a resource for investors and traders seeking the latest updates and insights on Onfolio Holdings stock.
Onfolio Holdings Inc. (ONFO) maintains this dedicated news hub as the definitive source for corporate updates and strategic developments. Our curated collection provides investors and industry observers with timely access to press releases, acquisition announcements, and operational milestones.
This resource delivers essential information about the company’s selective business acquisitions, SPV financing structures, and portfolio optimization strategies. Users will find updates spanning operational enhancements, digital marketing initiatives, and management developments across Onfolio’s diversified holdings.
The news archive features verified information on earnings reports, strategic partnerships, and corporate governance matters. All content undergoes rigorous verification to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for direct access to Onfolio’s latest business developments. Regular visitors gain strategic insights into the company’s methodical approach to identifying undervalued online businesses and enhancing operational performance through targeted management practices.
Onfolio Holdings (Nasdaq: ONFO) announced significant cost savings from operational streamlining, expecting to save over $500,000 annually starting in Q3 2024.
This development brings the company closer to its goal of profitability. CEO Dominic Wells highlighted that the consolidation of business functions has been key.
The company plans several acquisitions in the near future to generate additional cash flow, further supporting its profitability goals. Onfolio acquires and manages a diversified portfolio of online businesses with stable cash flows and long-term growth potential.
On May 29, 2024, Onfolio Holdings announced that its subsidiary, RevenueZen, acquired substantially all assets of First Page Strategy. The acquisition involves a small initial payment and a revenue share agreement over the next 36 months. First Page Strategy, known for its successful B2B content marketing, SEO, and advertising services, generated approximately $190k in Q1 2024, with an annual revenue run rate of $760k. This acquisition is expected to bring significant cost savings, strengthen client relationships, and enhance Onfolio's profitability. RevenueZen, which specializes in B2B marketing services, will integrate First Page Strategy’s operations and teams, aiming to leverage synergies for future growth.
Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) reported first quarter 2024 financial results, showcasing notable improvements. Revenue increased 17% to $1.59M compared to $1.35M in Q1 2023 and $1.27M in Q4 2023. Gross profit rose 35% to $1.00M, and total operating expenses decreased by 23% to $1.61M. Net loss reduced significantly by 51% to $0.63M, and cash used in operations was the lowest since IPO. The company also highlighted a key acquisition of RevenueZen and a strategic joint venture, 'Onfolio Agency SPV,' aimed at enhancing profitability through new acquisitions. CEO Dominic Wells expressed optimism about achieving profitability soon.
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