Onfolio Holdings (ONFO) Q4 2024 earnings summary

Executive summary

• Achieved first positive net income as a public company in Q4 2024, recording $136,000.

• Completed acquisition of Eastern Standard, a digital web agency, in October 2024.

• Launched a new Reg D offering for Series A Preferred Shares in February 2025.

Financial highlights

• Q4 2024 revenue grew 96% year-over-year to $2.49M; full-year 2024 revenue up 49% to $7.82M.

• Q4 gross profit increased 56% to $1.32M; full-year gross profit up 39% to $4.5M.

• Q4 net profit to common shareholders was $0.14M, a $1M improvement from prior year; Q4 EPS improved to $0.01 from -$0.37.

• Full-year net loss to common shareholders improved 77% to $2.15M; EPS improved to -$0.41 from -$1.84.

• Cash at year-end 2024 was $0.48M, down from $0.98M at year-end 2023.

Outlook and guidance

• Management expects to build on 2024 foundations in 2025, focusing on revenue growth, profitability, and accretive acquisitions.

• Ongoing efforts to raise non-dilutive capital and regain Nasdaq compliance.