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. (ONFO) maintains this dedicated news hub as the definitive source for corporate updates and strategic developments. Our curated collection provides investors and industry observers with timely access to press releases, acquisition announcements, and operational milestones.
This resource delivers essential information about the company’s selective business acquisitions, SPV financing structures, and portfolio optimization strategies. Users will find updates spanning operational enhancements, digital marketing initiatives, and management developments across Onfolio’s diversified holdings.
The news archive features verified information on earnings reports, strategic partnerships, and corporate governance matters. All content undergoes rigorous verification to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for direct access to Onfolio’s latest business developments. Regular visitors gain strategic insights into the company’s methodical approach to identifying undervalued online businesses and enhancing operational performance through targeted management practices.
Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) reported first quarter 2024 financial results, showcasing notable improvements. Revenue increased 17% to $1.59M compared to $1.35M in Q1 2023 and $1.27M in Q4 2023. Gross profit rose 35% to $1.00M, and total operating expenses decreased by 23% to $1.61M. Net loss reduced significantly by 51% to $0.63M, and cash used in operations was the lowest since IPO. The company also highlighted a key acquisition of RevenueZen and a strategic joint venture, 'Onfolio Agency SPV,' aimed at enhancing profitability through new acquisitions. CEO Dominic Wells expressed optimism about achieving profitability soon.
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