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.

08/29/2023 08:00 AM

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Onfolio Holdings Inc. Launches 506(c) Series A Preferred Share Offering

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Onfolio seeks to raise $10 million through a Series A Preferred Share Offering. The net proceeds will be used for acquisitions and general corporate purposes. The Series A Preferred Shares have paid a 12% dividend for over two years. Onfolio's CEO stated that they are seeing attractive opportunities for acquisitions. The shares are redeemable starting in 2026 at $25 per share plus accrued dividends.

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08/22/2023 01:36 PM

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Onfolio Advances AI-Offerings with Launch of Get Quick, its New Tool to Help Enhance Search Engine Optimization for Developers

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Onfolio Holdings Inc. launches Get Quick, an AI-driven tool to improve website performance and SEO.

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08/21/2023 08:00 AM

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Onfolio Advances AI-Offerings with Launch of Get Quick, its New Tool to Help Enhance Search Engine Optimization for Developers

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Onfolio Holdings Inc. launches Get Quick, an AI-driven tool to improve website performance and SEO. It will be utilized by Onfolio's SEO subsidiaries and further developed into a full-suite SEO audit tool.

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08/14/2023 08:15 AM

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

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Onfolio Holdings Inc. announces financial results for Q2 2023. Revenue grew 266% YoY to $1.31 million, gross profit grew 445% to $0.82 million, total operating expenses increased 56% to $2.12 million, net loss to common shareholders expanded to $1.29 million. Cash at June 30, 2023, was $4.05 million.

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06/08/2023 07:00 AM

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Onfolio Holdings Provides Acquisition Strategy Update and Further Outlines AI Strategy on its Corporate Website

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Onfolio Holdings Inc. announces two articles on its website that provide insight into its growth strategy, focusing on corporate acquisitions and leveraging AI. Acquisitions and AI are expected to drive future growth.

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05/26/2023 08:00 AM

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Onfolio Completes Development of Generative AI Search Tool

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Onfolio Holdings Inc. announces the launch of a generative AI search function for MightyDeals.com. The AI tool allows customers to use plain language to describe what they are looking to buy and instantly returns results based on their description. Onfolio expects higher user return rates, higher site interaction rates, and higher revenues at MightyDeals.com.

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05/15/2023 04:45 PM

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

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Onfolio Holdings Inc. announces financial results for Q1 2023, with revenue growing 250% YoY to $1.35 million. Gross profit grew 361% to $0.74 million, while net loss expanded to $1.34 million. Cash at 3/31/23 was $4.66 million.

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05/04/2023 08:05 AM

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Onfolio Holdings to Participate at the Inaugural EF Hutton Global Conference

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05/03/2023 08:00 AM

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Onfolio Holdings Appoints Experienced Entrepreneur Ravi Jayagopal CEO of Subsidiary WPFolio

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05/02/2023 08:00 AM

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Onfolio Holdings Appoints Tanya Vaughn as CEO of Proofread Anywhere, One of the Company’s Largest Holdings

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Onfolio Holdings Inc. appoints Tanya Vaughn as the new CEO of Proofread Anywhere, a profitable online business. The company aims to continue decentralizing its holdings and drive stockholder value. Onfolio grew revenue by 159% in Q4. Vaughn brings over 25 years of experience to the position, with a focus on expanding the business and driving it toward profitability.

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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.