Welcome to our dedicated page for Onfolio Holdings news (Ticker: ONFOP), a resource for investors and traders seeking the latest updates and insights on Onfolio Holdings stock.
Onfolio Holdings Inc. (ONFOP) operates at the intersection of digital innovation and strategic acquisitions, managing a diversified portfolio of online businesses. This news hub provides investors and stakeholders with verified updates about the company's operational developments, financial milestones, and market positioning.
Our curated collection serves as a definitive resource for tracking ONFOP's progress in identifying undervalued digital assets and enhancing their operational efficiency. Users gain access to press releases detailing acquisition strategies, management updates, and financial disclosures that demonstrate the company's hybrid operating model in action.
Key content areas include strategic acquisitions of online businesses, financial performance updates, portfolio optimization initiatives, and leadership announcements. Each update reflects Onfolio's core focus on transforming underperforming digital assets through operational expertise and disciplined capital allocation.
Bookmark this page for direct access to original corporate communications and third-party analyses vetted for relevance. Regular visitors benefit from consolidated information that supports informed decision-making about Onfolio's evolving position in the digital acquisitions space.
Onfolio Holdings (NASDAQ: ONFO) reported its Q4 and full-year 2024 financial results, marking its first positive net income as a public company. Q4 2024 highlights include:
- Revenue up 96% to $2.49M vs Q4 2023
- Gross profit increased 56% to $1.32M
- Net income of $136,000
- EPS improved to $0.01 from -$0.37
Full-year 2024 performance showed:
- Revenue growth of 49% to $7.82M
- Gross profit up 39% to $4.5M
- Operating expenses reduced 44% to $7.05M
- Net loss improved 77% to $2.15M
The company completed the acquisition of Eastern Standard, a digital web agency, in October 2024. Cash position stood at $0.48M as of December 31, 2024.
Onfolio Holdings (Nasdaq: ONFO), a company focused on acquiring and managing online businesses, has declared its regular quarterly preferred stock dividend of $0.75 per share. The dividend will be paid on March 31, 2025, to shareholders of record as of March 25, 2025.
The dividend applies to the company's series A preferred stock, maintaining its consistent quarterly dividend distribution pattern that began in January 2020.
Onfolio Holdings (Nasdaq: ONFO) released a shareholder letter highlighting significant achievements in 2024. The company acquired three businesses totaling $6M in revenue: RevenueZen ($1.4M revenue, $227K net profit), DDSRank ($500K revenue, $200K net profit), and Eastern Standard ($4MM revenue, $630K net profit).
The company implemented a hybrid operational model of 'centralized strategy, decentralized execution' and launched Special Purpose Vehicles (SPVs) for acquisition funding. Onfolio successfully quoted its preferred shares on OTCQB, offering $3 annual dividends per share. Since 2022, the company has raised $1.5M in preferred share financing and issued $3M of preferred shares for acquisitions.
The company reports approaching profitability in 2024 and expects sustained profitability in the near term, with plans to continue acquisitions and expand capital raising efforts in 2025.
Onfolio Holdings (Nasdaq: ONFO) has declared a regular quarterly dividend of $0.75 per share on its series A preferred stock. The dividend will be paid on December 31, 2024, to shareholders who are on record as of the close of business on December 21, 2024. Onfolio, which focuses on acquiring and managing a diversified portfolio of online businesses, made this announcement through its Board of Directors.
Onfolio Holdings Inc. (Nasdaq: ONFO) announced the appointment of Adam Trainor as interim Chief Financial Officer, effective January 1, 2025, while maintaining his current role as Chief Operations Officer. Trainor, who has been with the company since October 2020, will succeed Esbe van Heerden, who resigned as CFO and President effective December 31, 2024.
Van Heerden will continue to support the company as an advisor, particularly with SEC filings and audit responsibilities. Trainor has spent the past three months working closely with van Heerden to transition into the CFO role. The company's CEO, Dominic Wells, expressed gratitude for van Heerden's contributions since 2019 and confidence in Trainor's expanded role.
Onfolio Holdings (Nasdaq: ONFO) has sold its BWPS WordPress business to WebStreet, a micro private equity investment fund, for $780,000 in an all-cash deal. The transaction includes an immediate cash release of $650,000, with $130,000 held back pending migration completion. The company expects to record a capital gain of $150,000 from the sale.
The BWPS WordPress business generated approximately $360,000 in revenue and $200,000 in unaudited adjusted EBITDA for fiscal year 2023. CEO Dominic Wells stated the sale will allow management to focus on their growing B2B agency portfolio and information products business lines. The proceeds will be used to strengthen the balance sheet, provide working capital, and facilitate additional acquisitions in core businesses.
Onfolio Holdings reported strong Q3 2024 financial results with revenue growing 53% to $2.01M compared to $1.31M in Q3 2023. Gross profit increased 42% to $1.2M, while operating expenses decreased 70% to $1.69M. The net loss to shareholders improved significantly, decreasing 728% to $0.57M from $4.78M in the prior year period. The company achieved a milestone with monthly revenues exceeding $700,000 in September. The acquisition of Eastern Standard, which had revenues of $3.3M and net income of $600K in the first 9 months of 2024, will be consolidated from Q4 onwards.
