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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News
- Onfolio Holdings Inc. Announces Third Quarter 2024 Financial Results and Provides Corporate UpdateGlobeNewswire
- Onfolio acquires majority interest in assets of Eastern Standard [Seeking Alpha]Seeking Alpha
- Onfolio Holdings Inc. Acquires Eastern Standard BusinessGlobeNewswire
- 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
ONFO
Sec Filings
- 11/14/24 - Form 10-Q
- 10/28/24 - Form SC
- 10/22/24 - Form 8-K
- ONFO's page on the SEC website