Onfolio Holdings Stock Price, News & Analysis

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.

Onfolio Holdings (Nasdaq: ONFO, ONFOW) has completed the acquisition of a majority interest in DDS Rank, a digital marketing service provider for dentists, through its Special Purpose Vehicle, Onfolio Agency SPV The deal, valued at $600,000, includes $200,000 in Series A Preferred Shares and a $200,000 secured promissory note due by May 31, 2026, along with $200,000 from the SPV for a 34% stake. DDS Rank generated $310,000 in revenue and $190,000 in unaudited EBITDA in 2023. Onfolio aims to double DDS Rank’s revenue and EBITDA within the next 1-2 fiscal quarters through enhanced marketing and operational improvements. Importantly, the acquisition was finalized without diluting Onfolio shareholders, and the funding structure facilitates additional acquisitions aimed at driving profitability.

Onfolio Holdings has agreed to acquire a majority interest in the assets of DDS Rank, a digital marketing service for dentists, expected to close next week. This acquisition will be funded without cash or common shares from Onfolio, through a $600,000 deal involving Series A Preferred Shares and a secured promissory note. DDS Rank generated $310,000 in revenue and $190,000 in EBITDA in 2023. Onfolio plans to double these figures within the next 1 to 2 quarters through enhanced marketing and operational improvements. The acquisition is part of a strategy to achieve profitability without raising additional equity capital.

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.