Onfolio Holdings Inc. Announces Positive Results From Successful Implementation of Operational Streamlining
Onfolio Holdings Inc. (ONFO)
Company Research
Source: GlobeNewswire
WILMINGTON, Del., June 05, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a holding company that acquires and manages a diversified portfolio of online businesses, today announced the positive results a business analysis which shows the company saving more than $500,000 per year starting in Q3, 2024. “As we acquire more businesses, we periodically review how each addition to our portfolio can be integrated with our existing businesses. Our latest internal review and analysis showed that as a result of our Company consolidating business functions within operating units, we are expected to reduce operating expenses by more than $500,000 per year. The analysis also indicated that we have moved significantly closer to our immediate goal of becoming a sustainably profitable company,” commented Onfolio CEO Dominic Wells. “As previously disclosed, we anticipate completing several acquisitions in the near term, which we anticipate wi
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ONFO
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 Subsidiary RevenueZen Acquires First Page Strategy [Yahoo! Finance]Yahoo! Finance
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