Ohmyhome Limited Ordinary Shares - OMH STOCK NEWS

Ohmyhome (NASDAQ: OMH), a property technology platform offering end-to-end property solutions in Singapore, has announced it will release Q3 2024 growth updates on October 29, 2024, before market open. This follows the company's reported 106% year-over-year growth in H1 2024. A webinar hosted by Ohmyhome's management team will take place at 8:30 a.m. EST / 8:30 p.m. SGT on the same day to present insights on the company's Q3 growth. Interested parties can register for the webinar through the provided link. After the event, a replay and presentation materials will be available on Ohmyhome's investor relations website.

Ohmyhome (NASDAQ: OMH) reported strong financial results for the first half of 2024, with revenues reaching S$4.5 million (US$3.3 million), representing a 106% growth compared to the same period in 2023. This growth was driven by increased performance across all three primary business units. The company's EBITDA loss margin narrowed from -107% to -44%, while net income loss reduced to S$2.3 million (US$1.7 million), or US$0.07 per diluted share.

Key highlights include:

• 13.9% year-over-year increase in brokerage services revenue
• New revenue contribution of S$2.0 million from Property Management services
• 16% growth in emerging and other services revenue
• Gross profit increase of 108% compared to 1H 2023
• Improved gross margins across all business units
• Cash and cash equivalents of S$2.4 million as of June 30, 2024

Ohmyhome (NASDAQ: OMH), a property technology platform, reported significant year-over-year growth in the first half of 2024 across its brokerage, renovation, and property management segments.

The brokerage segment saw a 53% Y-o-Y increase in Gross Transaction Value (GTV), now accounting for 60% of total property value transacted. The renovation segment experienced a 194% growth due to an increase in office and residential projects. The property management segment, newly acquired, also demonstrated promising growth with a 29% Y-o-Y increase in managed projects.

Anticipated revenue for H1 2024 is expected to exceed 110% growth compared to H1 2023. The company launched new features in its HomerAI product, enhancing user experience for homeowners and buyers through AI-driven tools and simplified processes.

CEO Rhonda Wong expressed excitement about these achievements and future tech-driven innovations.

Ohmyhome, a property technology platform listed on NASDAQ under the symbol OMH, will announce its 2024 growth update on July 5, 2024, before the market opens. The company offers end-to-end property solutions in Singapore, including brokerage, renovation, and condominium management services.

A webinar to discuss key business updates will be held on the same day at 8:30 a.m. Eastern Standard Time/ 8:30 p.m. Singapore Time. Interested parties can register and access the live webinar through a provided link. A replay will be available later on the Ohmyhome Investor Relations website.

Ohmyhome (OMH) received a deficiency notification from Nasdaq due to not meeting the minimum bid price requirement of US$1.00 per share for continued listing. The company has until October 28, 2024, to regain compliance by maintaining a closing bid price of at least US$1.00 for 10 consecutive trading days. Failure to do so may result in delisting, but this notification has no immediate impact on business operations or stock trading.

Ohmyhome (OMH) reports a robust performance in the first quarter of 2024, with significant growth in brokerage, renovation, and property management segments. The company anticipates over 110% year-over-year revenue growth in the first half of the year, driven by increased transaction volume and Gross Transaction Value (GTV). Technological innovations, including the HomerAI mobile app, have played a key role in enhancing customer engagement and user growth.

Ohmyhome reported its 2023 full-year results, achieving S$5.0 million in revenues, launching HomerAI, and completing the acquisition of its Property Management business. The company aims for 3X growth in 2024 with a positive Adjusted EBITDA in Q4 2024. Despite a net loss of S$5.5 million, Ohmyhome sellers continue to sell above valuation 73% of the time, with 15,500 transactions and a total GTV of US$3.0 billion.

Ohmyhome (NASDAQ: OMH) will release its 2023 financial results on April 18, 2024. The company offers property technology services in Singapore and will host a conference call to discuss the results.

Ohmyhome Ltd. announces over 14,300 homes connected with a Gross Merchandise Value of SGD 13.44 billion as of Feb 2024 through its homeowner-focused product, HomerAI. The platform offers various services like live valuation, cash proceeds calculator, affordability calculator, mortgage calculator, and more, empowering homeowners with valuable tools.