Welcome to our dedicated page for Onfolio Holdings news (Ticker: ONFOW), a resource for investors and traders seeking the latest updates and insights on Onfolio Holdings stock.
Onfolio Holdings Inc. (ONFOW) operates at the intersection of strategic acquisitions and digital business optimization. This page serves as the definitive source for tracking the company's latest developments, including earnings reports, portfolio expansions, and operational milestones.
Investors and analysts will find timely updates on Onfolio's unique approach to acquiring under-optimized online businesses through non-dilutive funding structures. The company's hybrid management model – combining centralized oversight with decentralized execution – is reflected in its news flow covering operational improvements and strategic partnerships.
Key content categories include acquisition announcements, financial performance updates, management insights, and industry-specific developments in digital marketing and web services. All materials maintain factual accuracy while avoiding speculative commentary, aligning with Onfolio's focus on sustainable cash flow generation.
Bookmark this page for streamlined access to press releases and third-party analyses that detail Onfolio Holdings' progress in transforming acquired businesses through operational efficiencies and capital-light growth strategies.
Onfolio Holdings Inc. (Nasdaq: ONFO) has appointed Ravi Jayagopal as CEO of its subsidiary WPFolio, a WordPress plugin development company. Jayagopal brings over 25 years of experience in the online business industry and extensive WordPress expertise. This appointment follows Onfolio's strategic decision to decentralize management structure after experiencing triple-digit growth in Q4 2022.
Jayagopal, an accomplished software architect and author of eight books on technology platforms, will focus on serving WordPress creators and developers. WPFolio aims to develop and acquire WordPress plugins that help content creators protect and monetize their intellectual property. This aligns with WordPress's significant market presence, powering 43% of all websites globally, representing over 810 million websites.
Onfolio Holdings (NASDAQ: ONFO, ONFOW) reported robust financial results for Q4 and full year 2022, showing a remarkable revenue increase of 159% year-over-year (YOY) to $1.12M in Q4, while gross profit surged 340% to $0.75M. However, the company faced a net loss of $1.31M in Q4, widening compared to previous periods. For the full year, revenue climbed 23% to $2.22M, but total expenses rose 98% to $5.31M, resulting in a yearly net loss of $4.43M. The CEO highlighted a strategic shift to Onfolio 2.0, focusing on service businesses and e-commerce opportunities, aided by recent acquisitions including SEOButler Ltd. and Proofread Anywhere. With a cash reserve of $6.7M, Onfolio aims to pursue non-dilutive financing to support its growth strategy and move towards profitability.
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announced the completion of its asset purchase agreement with Contentellect Limited for $850,000. Contentellect, established in 2018, specializes in content writing services for SaaS companies and has supported over 875 businesses with its offerings. In 2022, Contentellect reported an adjusted EBITDA of $340,000. Onfolio aims to leverage this acquisition to enhance growth opportunities, particularly in a market increasingly influenced by AI technology. The acquisition details were filed with the SEC on February 6, 2023.
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announced an agreement to acquire substantially all assets of Contentellect Limited for $850,000 in cash. This acquisition is set to close in Q1 2023 and will enhance Onfolio's portfolio of online businesses. Contentellect, established in 2018, specializes in content writing and SEO services, aiming to boost organic traffic for small and medium-sized enterprises. The company achieved $330,000 in adjusted EBITDA in 2021. Onfolio's CEO Dominic Wells emphasized that this acquisition aligns with their strategy to acquire niche, profitable online businesses, thereby creating long-term growth and value for investors.
Onfolio Holdings (NASDAQ: ONFO, ONFOW) will present at the Planet MicroCap Showcase: Virtual 2022 on December 7, 2022, at 11:00 AM ET. CEO Dominic Wells will lead the presentation, followed by a Q&A session. Interested parties can access the presentation via this link. Onfolio focuses on acquiring and managing online businesses in sectors with growth potential, stable cash flows, and experienced management. For more info, visit www.onfolio.com.
Onfolio Holdings Inc. (ONFO, ONFOW) reported Q3 2022 financial results, revealing a revenue decline to $352.3K from $390.4K year-over-year. The net loss widened to $(969.7K), or $(0.31) per diluted share, compared to $(575.8K), or $(0.30) per diluted share, last year. Cash used in operations surged to $(2.4M) due to increased administrative costs. However, the company aims for growth through three recent acquisitions: SEOButler, Proofread Anywhere, and BWPS, which are expected to contribute stable cash flow.
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) completed the acquisition of assets for file and password protection related to WordPress sites, specifically the brands Prevent Direct Access and Password Protect WordPress. The total purchase price includes an upfront payment of $1,250,000 in cash, with additional amounts of $40,000 via a promissory note and up to $60,000 based on performance. BWPS reported approximately $379,000 in adjusted EBITDA for 2021, enhancing Onfolio's portfolio in the online business domain.
Onfolio Holdings (Nasdaq: ONFO, ONFOW) has completed the acquisition of Proofread Anywhere from BCP Media as of October 14, 2022. Proofread Anywhere, launched in 2014, specializes in online resources for aspiring proofreaders, offering courses, workshops, and digital books. The business reported an adjusted EBITDA of approximately $1.38 million in 2021. CEO Dominic Wells emphasized the acquisition's strategic alignment within the rapidly growing global e-learning market, projected to expand over 20% annually. Onfolio aims to leverage its existing relationships to enhance growth at Proofread Anywhere.
FAQ
What is the current stock price of Onfolio Holdings (ONFOW)?
