Onfolio Holdings Inc. Announces First Quarter 2024 Financial Results and Provides Corporate Update
Onfolio Holdings Inc. (ONFO)
Company Research
Source: GlobeNewswire
WILMINGTON, Del., May 21, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) ("Onfolio" or the "Company"), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, announces financial results for the first quarter ended March 31st 2024. Financial Highlights First quarter revenue grew 17% to $1.59M vs. $1.35M in the prior year period and vs. $1.27M in 4Q23First quarter gross profit grew 35% to $1.00M vs. $0.74M in the prior year period and vs. $0.84M in 4Q23First quarter total operating expenses decreased 23% to $1.61M vs. $2.09M in the prior year period and vs. $1.67M in 4Q23First quarter net loss decreased 51% to $0.63M vs. $1.28M in the prior year period and vs. $0.9M in 4Q23Cash at 3/31/24 was $0.53M vs. $0.98M at 12/31/23 “The first quarter of 2024 saw our revenue improve, gross margins improve, and net loss decrease significantly. Our cash used in operations for the quarter was $431,007, the
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News
- Onfolio Holdings Inc. Completes DDS Rank AcquisitionGlobeNewswire
- Onfolio Holdings Inc. To Acquire DDS Rank Business [Yahoo! Finance]Yahoo! Finance
- Onfolio Holdings Inc. To Acquire DDS Rank BusinessGlobeNewswire
- Onfolio Holdings Inc. Announces Positive Results From Successful Implementation of Operational Streamlining [Yahoo! Finance]Yahoo! Finance
- Onfolio Holdings Inc. Announces Positive Results From Successful Implementation of Operational StreamliningGlobeNewswire
ONFO
Sec Filings
- 6/25/24 - Form PRE
- 5/20/24 - Form 10-Q
- 5/14/24 - Form NT
- ONFO's page on the SEC website