Onfolio Holdings Inc. Announces Second Quarter 2024 Financial Results and Provides Corporate Update
Onfolio Holdings Inc. (ONFO)
Company Research
Source: GlobeNewswire
WILMINGTON, Del., Aug. 15, 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 second quarter ended June 30, 2024. Financial Highlights Second quarter revenue grew 32% to $1.73M vs. $1.31M in the prior year period and vs. $1.59M in 1Q24Second quarter gross profit grew 18% to $0.975M vs. $0.82M in the prior year period and vs. $1M in 1Q24Second quarter total operating expenses decreased 18% to $1.73M vs. $2.12M in the prior year period and vs. $1.67M in 1Q24Second quarter net loss to common shareholders decreased 36% to $0.86M vs. $1.34M in the prior year period and vs. $0.63M in 1Q24Cash at 6/30/24 was $0.31M vs. $0.98M at 12/31/23 “The second quarter of 2024 saw our revenue and gross profit improve again, while we continued to make efforts to further reduce cash burn. O
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News
- Onfolio to acquire majority interest in the assets of Eastern Standard [Seeking Alpha]Seeking Alpha
- Onfolio Holdings Inc. Signs Agreement To Acquire Eastern Standard BusinessGlobeNewswire
- Onfolio Holdings Second Quarter 2024 Earnings: US$0.17 loss per share (vs US$0.26 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Onfolio GAAP EPS of -$0.17, revenue of $1.73M [Seeking Alpha]Seeking Alpha
ONFO
Sec Filings
- 9/24/24 - Form 8-K
- 8/14/24 - Form 10-Q
- 8/9/24 - Form 8-K
- ONFO's page on the SEC website