Onfolio Holdings Inc. To Acquire DDS Rank Business
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Onfolio Holdings, Inc Reports Increased Losses in Q3
Third Quarter Loss: Onfolio Holdings, Inc reported a loss of -$0.84 million for the third quarter, compared to a loss of -$0.42 million in the same period last year.
Earnings Per Share: The earnings per share (EPS) for the quarter was -$0.16, an increase from -$0.08 per share a year ago.
Revenue Growth: The company's revenue increased by 36.3% to $2.74 million, up from $2.01 million in the previous year.
Earnings Summary: Key figures for Onfolio Holdings include a loss of -$0.84 million, an EPS of -$0.16, and revenue of $2.74 million for the quarter.
Onfolio Holdings Inc. Launches Referral Partner Program to Accelerate Adoption of AI Visibility Services
Launch of Referral Partner Program: Onfolio Holdings Inc. has launched a Referral Partner Program aimed at boosting its Generative Engine Optimization (GEO) business, offering recurring income to professionals who refer clients to its GEO subsidiary, Pace Generative LLC.
Importance of Generative Engine Optimization: GEO focuses on positioning businesses within AI-generated responses from tools like ChatGPT, emphasizing that companies not cited in these answers risk becoming invisible, thus highlighting the significance of being included in AI-driven searches for future success.
Onfolio Holdings Inc. Announces Third Quarter 2024 Financial Results and Provides Corporate Update
Financial Performance: Onfolio Holdings reported a 53% increase in third-quarter revenue to $2.01 million, with gross profit rising 42% to $1.2 million, while operating expenses decreased significantly by 70%. The net loss for common shareholders also saw a substantial reduction of 728% compared to the previous year.
Future Outlook: The company anticipates further profitability improvements through organic growth and the recent acquisition of Eastern Standard, which is expected to enhance consolidated financial results starting in Q4 2024.
Onfolio Holdings Inc. Acquires Eastern Standard Business
Onfolio Holdings Acquires Eastern Standard: Onfolio Holdings Inc. has successfully acquired a 70% interest in Eastern Standard, a digital marketing agency, for $1,660,000, utilizing non-convertible Series A Preferred Shares and secured promissory notes without upfront cash or common shares issuance.
Eastern Standard's Financial Performance: For the fiscal year ending December 31, 2023, Eastern Standard reported approximately $4 million in revenue and $630,000 in adjusted EBITDA, serving notable clients like Neil deGrasse Tyson and Cornell Law.
Onfolio Holdings Inc. Completes DDS Rank Acquisition
- Acquisition Announcement: Onfolio Holdings Inc. has acquired the majority interest in SEO Marketing Inc., known as "DDS Rank," with the help of its Special Purpose Vehicle.
- Financial Details: DDS Rank generated $310,000 in revenue and $190,000 in EBITDA in 2023, and Onfolio plans to double these figures in the next 1 or 2 fiscal quarters.
- Deal Structure: The acquisition was completed without cash or common shares from Onfolio; the purchase price was $600,000, with a special purpose vehicle investing $200,000 for a 34% stake.
- Path to Profitability: Onfolio believes it can increase revenue and profits quickly, without raising additional equity capital, due to the clear path and timeline to profitability.
- About Companies: DDS Rank provides digital marketing services for dentists, focusing on SEO and paid advertising, while Onfolio acquires and manages online businesses with long-term growth opportunities.
Onfolio Holdings Inc. To Acquire DDS Rank Business
Onfolio Holdings, Inc Reports Increased Losses in Q3
Third Quarter Loss: Onfolio Holdings, Inc reported a loss of -$0.84 million for the third quarter, compared to a loss of -$0.42 million in the same period last year.
Earnings Per Share: The earnings per share (EPS) for the quarter was -$0.16, an increase from -$0.08 per share a year ago.
Revenue Growth: The company's revenue increased by 36.3% to $2.74 million, up from $2.01 million in the previous year.
Earnings Summary: Key figures for Onfolio Holdings include a loss of -$0.84 million, an EPS of -$0.16, and revenue of $2.74 million for the quarter.
Onfolio Holdings Inc. Launches Referral Partner Program to Accelerate Adoption of AI Visibility Services
Launch of Referral Partner Program: Onfolio Holdings Inc. has launched a Referral Partner Program aimed at boosting its Generative Engine Optimization (GEO) business, offering recurring income to professionals who refer clients to its GEO subsidiary, Pace Generative LLC.
Importance of Generative Engine Optimization: GEO focuses on positioning businesses within AI-generated responses from tools like ChatGPT, emphasizing that companies not cited in these answers risk becoming invisible, thus highlighting the significance of being included in AI-driven searches for future success.
Onfolio Holdings Inc. Announces Third Quarter 2024 Financial Results and Provides Corporate Update
Financial Performance: Onfolio Holdings reported a 53% increase in third-quarter revenue to $2.01 million, with gross profit rising 42% to $1.2 million, while operating expenses decreased significantly by 70%. The net loss for common shareholders also saw a substantial reduction of 728% compared to the previous year.
Future Outlook: The company anticipates further profitability improvements through organic growth and the recent acquisition of Eastern Standard, which is expected to enhance consolidated financial results starting in Q4 2024.
Onfolio Holdings Inc. Acquires Eastern Standard Business
Onfolio Holdings Acquires Eastern Standard: Onfolio Holdings Inc. has successfully acquired a 70% interest in Eastern Standard, a digital marketing agency, for $1,660,000, utilizing non-convertible Series A Preferred Shares and secured promissory notes without upfront cash or common shares issuance.
Eastern Standard's Financial Performance: For the fiscal year ending December 31, 2023, Eastern Standard reported approximately $4 million in revenue and $630,000 in adjusted EBITDA, serving notable clients like Neil deGrasse Tyson and Cornell Law.
Onfolio Holdings Inc. Completes DDS Rank Acquisition
- Acquisition Announcement: Onfolio Holdings Inc. has acquired the majority interest in SEO Marketing Inc., known as "DDS Rank," with the help of its Special Purpose Vehicle.
- Financial Details: DDS Rank generated $310,000 in revenue and $190,000 in EBITDA in 2023, and Onfolio plans to double these figures in the next 1 or 2 fiscal quarters.
- Deal Structure: The acquisition was completed without cash or common shares from Onfolio; the purchase price was $600,000, with a special purpose vehicle investing $200,000 for a 34% stake.
- Path to Profitability: Onfolio believes it can increase revenue and profits quickly, without raising additional equity capital, due to the clear path and timeline to profitability.
- About Companies: DDS Rank provides digital marketing services for dentists, focusing on SEO and paid advertising, while Onfolio acquires and manages online businesses with long-term growth opportunities.
Onfolio Holdings Inc. To Acquire DDS Rank Business
