OMH: Organic Growth, Benefits of New Property Management Unit Boost Results [Yahoo! Finance]
Ohmyhome Limited - Ordinary Shares (OMH)
Company Research
Source: Yahoo! Finance
Singapore-based technology company Ohmyhome Ltd's (NASDAQ:OMH), which operates a technology platform that offers the convenience of end-to-end property solutions and services, recently reported 1H 2024 results and provided a business update. Consistent with OMH's recent guidance, Ohmyhome more than doubled revenue in 1H 2024 (up 106% year-over-year compared to the same period of 2023, coming in at S$4.5 million (US$3.3 million). Notably, the revenue advance reflects increases in each of OMH's three core business units. Specifically, brokerage services revenue advanced 13.9% year-over-year, the higher mortgage interest rate environment and general slowdown in market transaction activity notwithstanding. The company previously indicated that its GTV (gross transaction value) benefited from its tech investments in HomerAI, its AI feature. Revenue from the company's new Property Management services segment was S$2.0 million (US$1.5 million), while revenue from emerging and other servic
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OMH
News
- Ohmyhome Reports Stellar Business Growth in the Third Quarter of 2024GlobeNewswire
- Ohmyhome to Announce Q3 2024 Growth Updates [Yahoo! Finance]Yahoo! Finance
- Ohmyhome to Announce Q3 2024 Growth UpdatesGlobeNewswire
- Ohmyhome Limited (NASDAQ: OMH) had its price target lowered by analysts at Maxim Group from $3.00 to $1.50. They now have a "buy" rating on the stock.MarketBeat
- Ohmyhome Reports Results of 106% Growth in the First Half of 2024GlobeNewswire
OMH
Analyst Actions
- 9/27/24 - Maxim Group
OMH
Sec Filings
- 11/1/24 - Form 6-K
- 10/11/24 - Form 6-K
- 9/25/24 - Form 6-K
- OMH's page on the SEC website