Onfolio Holdings Inc. Completes DDS Rank Acquisition
Onfolio Holdings Inc. (ONFO)
Company Research
Source: GlobeNewswire
WILMINGTON, Del., June 24, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has successfully completed the previously disclosed transaction to acquire the majority interest in the assets of SEO Marketing Inc. doing business as "DDS Rank." The acquisition was made possible with the assistance of Onfolio's Special Purpose Vehicle "Onfolio Agency SPV LLC," which is taking a minority interest in the business. DDS Rank provides dentists with digital marketing services including search-engine optimization, paid advertising, and web design. During 2023, DDS Rank generated approximately $310,000 in revenue and $190,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"). Onfolio believes that within the next 1 or 2 fiscal quarters, it can double the revenue and EBITDA of DDS Rank through inc
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ONFO
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
- Onfolio Holdings Inc. Announces Second Quarter 2024 Financial Results and Provides Corporate UpdateGlobeNewswire
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