Onfolio Holdings Stock Price, News & Analysis

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.

Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) has successfully acquired a majority interest in Eastern Standard, , a digital marketing services provider. The acquisition details include:

- Eastern Standard's FY2023 performance: $4,000,000 revenue and $630,000 unaudited adjusted EBITDA
- Onfolio purchased 70% of Eastern Standard for $1,660,000
- Payment structure: $410,000 in Series A Preferred Shares and $1,250,000 in secured promissory notes
- No upfront cash or common shares issued
- Onfolio's Special Purpose Vehicles acquired an additional 20% interest for $500,000

CEO Dominic Wells stated that the company maintains an active pipeline of profitable acquisition targets and expects the Special Purpose Vehicle model and non-convertible Series A Preferred Shares to play a significant role in future acquisitions.

Onfolio Holdings Inc. (Nasdaq: ONFO) has announced an agreement to acquire the majority interest in Eastern Standard 's assets. The acquisition, expected to close on October 1, 2024, will be facilitated by Onfolio's Special Purpose Vehicles. Eastern Standard, a digital marketing services provider, generated approximately $4,000,000 in revenue and $630,000 in unaudited adjusted EBITDA for the fiscal year ended 12/31/2023.

The purchase price is $2,160,000 for 90% ownership. Onfolio will own 70% through a combination of Series A Preferred Shares and secured promissory notes, while the SPV program will invest $500,000 for 20% ownership. This structure allows Onfolio to complete the acquisition without upfront cash or issuing common shares, aiming to support the company's efforts towards profitability.

Onfolio Holdings Inc. (NASDAQ: ONFO) reported Q2 2024 financial results, showing a 32% revenue growth to $1.73M and an 18% gross profit increase to $0.975M compared to the prior year. The company reduced its operating expenses by 18% to $1.73M and decreased its net loss by 36% to $0.86M. Onfolio's cash position stood at $0.31M as of June 30, 2024.

CEO Dominic Wells highlighted the company's lowest cash use for operating activities since IPO at $332k. Onfolio acquired DDS Rank in June, funded through their new SPV model. The company aims to reduce expenses, grow revenue, and close new acquisitions while exploring debt financing options to extend runway and reach profitability.