Onfolio Holdings Inc. - ONFO STOCK NEWS

Welcome to our dedicated page for Onfolio Holdings news (Ticker: ONFO), a resource for investors and traders seeking the latest updates and insights on Onfolio Holdings stock.

Onfolio Holdings Inc. (Nasdaq: ONFO) actively manages a diverse portfolio of small online businesses. Focused on sectors with long-term growth potential, Onfolio targets companies that exhibit stable and positive cash flows, minimal risks of technological obsolescence, and strong existing management teams.

The company's strategy involves acquiring and growing businesses that have not been fully optimized by their previous owners. This allows Onfolio to add significant value through its expertise and resources. Notably, the company emphasizes acquisitions where the seller has not maximized the business’s potential, creating opportunities for growth and efficiency improvements.

Recent achievements include a successful fundraising via Series A preferred shares and promissory notes, which enabled the acquisition of RevenueZen on January 1, 2024. This acquisition is part of Onfolio's broader strategy to reduce expenses and streamline operations, aiming for profitability despite economic headwinds.

In 2023, Onfolio faced challenges due to limited capital availability and high interest rates. However, the company navigated these hurdles and improved its financial condition. A significant milestone was the formation of a joint venture, the Onfolio Agency SPV, to co-invest in upcoming acquisitions. This venture aims to leverage private accredited investors to secure necessary capital without diluting existing shareholders.

Among its portfolio, Onfolio recently acquired DDS Rank, a digital marketing company that serves dentists with services like SEO, paid advertising, and web design. DDS Rank generated approximately $310,000 in revenue in 2023, and Onfolio expects to double this through enhanced marketing and operational improvements.

Financially, Onfolio continues to make strides. The company reports substantial revenue growth compared to 2022 and anticipates achieving profitability by requiring less upfront capital for acquisitions. By optimizing its existing portfolio and continually exploring new acquisition opportunities, Onfolio aims to offer stable returns to its investors.

For more information about Onfolio Holdings Inc., visit www.onfolio.com.

11/21/2023 08:05 AM

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Onfolio Launches Off-Market Deal Origination Service DealPipe

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Onfolio Holdings Inc. (ONFO, ONFOW) announces the launch of DealPipe, a service for sourcing 'off-market' acquisition targets. The service was launched on November 17th and received dozens of inquiries in the first 24 hours, indicating strong initial interest.

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11/20/2023 08:00 AM

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Onfolio Subsidiary Vital Reaction Completes Successful Launch Of New Pocket Inahler Product

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Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announces the successful launch of the Kencos pocket inhaler by its molecular hydrogen supplement subsidiary, Vital Reaction. The innovative product is positioned as an alternative to vaping or smoking, with a strong appeal to those looking to quit. CEO Dom Wells highlights the importance of product launches for Vital Reaction's growth, while Shaun Thresher expresses excitement about bringing the benefits of Molecular Hydrogen to a wider audience. The launch of Kencos resulted in $14,500 in sales in its first week, accounting for 17% of Vital Reaction's October revenue.

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11/16/2023 08:00 AM

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Onfolio Web 3 Subsidiary Achieves First Profitable Month

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Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announces that its Web3 media brand 'Web3 Gam3r' achieved its first profitable month in October. The brand, started at the end of the last Crypto bull run in early 2022, aims to build a media presence in the crypto gaming space. Onfolio CEO Dom Wells emphasizes the importance of achieving profitability to capture large upside during the next crypto bull run. The Web3 Gam3r brand includes a Youtube Channel, newsletter, and social media presence, offering reviews, marketing, and influencer services for upcoming Web3 games.

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11/14/2023 04:15 PM

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Onfolio Holdings Inc. Announces Third Quarter 2023 Financial Results and Provides Corporate Update

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Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) Announces Financial Results for Q3 2023, Reveals 273% Revenue Growth and 526% Gross Profit Increase

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11/07/2023 08:00 AM

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Onfolio Holdings Inc. CEO Dominic Wells to Speak at Chiang Mai SEO Conference 2023

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Onfolio Holdings Inc. CEO Dominic Wells will speak at the Chiang Mai SEO Conference in Thailand on November 10, 2023, to discuss ways for successful companies to advance their business, particularly focusing on SEO strategies and traffic sourcing.

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10/26/2023 08:00 AM

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Onfolio Holdings Inc. Reduces Costs to Provide More Streamlined and Efficient Operations

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Onfolio Holdings Inc. announces cost-reducing measures to optimize operations and create financial efficiencies. The company downsizes certain head office personnel while maintaining revenue generating staff. Cost reductions include headcount reductions, elimination of inefficient roles, and merging of business lines. Savings of approximately $1 million per year expected.

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10/18/2023 08:00 AM

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Onfolio Holdings Inc. Provides Update on 506(c) Series A Preferred Share Offering

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Onfolio Holdings Inc. provides an update on its offering of Series A Preferred Shares and promissory notes, raising over $1M in non-dilutive funding.

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09/14/2023 09:25 AM

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Onfolio Holdings Inc. CEO Dom Wells is Featured on The Stock Day Podcast

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Onfolio Holdings Inc. plans to raise an additional $10 million through a preferred share offering with a 12% annual dividend. The company aims to acquire more profitable businesses and grow its diversified portfolio. They focus on companies with a digital focus and reliable cash flow. They have recently launched a product called Get Quick, which is a language tool that explains Google Lighthouse reports and offers interactive features. Overall, Onfolio Holdings Inc. shows potential for growth and expansion.

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09/14/2023 08:30 AM

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Onfolio Subsidiary Contentellect Successfully Drives Web Traffic from Near Zero to 50,000 for PerkUp

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Contentellect helps PerkUp increase web visitors by 50,000 using keyword clustering and content creation

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09/05/2023 08:05 AM

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Onfolio Holdings Inc. to Present at the H.C. Wainwright 25th Annual Global Investment Conference

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Onfolio Holdings Inc. CEO to present at H.C. Wainwright 25th Annual Global Investment Conference

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FAQ

What is the current stock price of Onfolio Holdings (ONFO)?

The current stock price of Onfolio Holdings (ONFO) is $1.23 as of November 1, 2024.

What is the market cap of Onfolio Holdings (ONFO)?

The market cap of Onfolio Holdings (ONFO) is approximately 6.4M.

What does Onfolio Holdings Inc. do?

Onfolio Holdings Inc. actively manages a portfolio of small online businesses in sectors with long-term growth potential.

What is the primary strategy of Onfolio Holdings?

Onfolio acquires businesses that exhibit stable cash flows and growth potential, optimizing them for better performance and efficiency.

What are some recent achievements of Onfolio Holdings?

Recent achievements include raising capital via Series A preferred shares, acquiring RevenueZen, and forming a joint venture for future acquisitions.

How does Onfolio select its acquisition targets?

Onfolio targets businesses with stable cash flows, minimal risks of obsolescence, and strong management teams, especially those not fully optimized by previous owners.

What was the significance of the DDS Rank acquisition?

DDS Rank, a digital marketing firm for dentists, is expected to significantly increase its revenue and EBITDA through Onfolio's marketing and operational improvements.

How does Onfolio plan to achieve profitability?

Onfolio aims to achieve profitability by reducing expenses, optimizing operations, and making strategic acquisitions with minimal upfront capital.

Who can invest in Onfolio's joint venture?

The Onfolio Agency SPV is open to private accredited investors, aimed at raising capital for future acquisitions.

What is the role of Series A preferred shares in Onfolio's strategy?

Series A preferred shares help raise capital for acquisitions without diluting existing shareholders' equity.

How does Onfolio handle economic challenges?

Onfolio navigates economic challenges by optimizing existing operations, strategically raising capital, and making acquisitions with favorable deal structures.