Onfolio Holdings Inc. Announces Third Quarter 2024 Financial Results and Provides Corporate Update [Yahoo! Finance]
Onfolio Holdings Inc. (ONFO)
Company Research
Source: Yahoo! Finance
holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, announces financial results for the third quarter ended September 30, 2024. Financial Highlights Third quarter revenue grew 53% to $2.01M vs. $1.31M in the prior year period and vs. $1.73M in 2Q24 Third quarter gross profit grew 42% to $1.2M vs. $0.85M in the prior year period and vs. $0.975M in 2Q24 Third quarter total operating expenses decreased 70% to $1.69M vs. $5.6M in the prior year period and vs. $1.73M in 2Q24 Third quarter net loss to common shareholders decreased 728% to $0.57M vs. $4.78M in the prior year period and vs. $0.86M in 2Q24 Cash at 9/30/24 was $0.36M vs. $0.98M at 12/31/23 “In Q3, we saw further gains towards profitability, through increased organic revenue growth, expense reduction, and an acquisition (Eastern Standard). Eastern Standard had revenues of $3.3M and net income of $600K, on an unaudited basis, the first 9 months of
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ONFO
News
- Onfolio Holdings Inc. Announces Quarterly Preferred Stock Cash Dividend of $0.75 Per ShareGlobeNewswire
- Onfolio names Adam Trainor as interim CFO [Seeking Alpha]Seeking Alpha
- Onfolio Holdings Inc. Appoints Adam Trainor as Interim Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Onfolio Holdings Inc. Appoints Adam Trainor as Interim Chief Financial OfficerGlobeNewswire
- Onfolio Holdings Inc. Sells BWPS WordPress Business For $780,000GlobeNewswire
ONFO
Sec Filings
- 12/20/24 - Form 8-K
- 12/17/24 - Form 8-K
- 12/5/24 - Form 8-A12G
- ONFO's page on the SEC website