Financial Performance - In 2024, Onfolio Holdings Inc. achieved a revenue increase of 50% year-over-year, reaching $7.8 million, primarily due to the acquisition of three new businesses[274]. - The gross profit margin slightly declined to 58% in 2024 from 62% in 2023, attributed to new acquisitions with lower margins[275]. - Operating loss significantly improved from $9.2 million to $2.5 million, driven by profitable acquisitions and disciplined expense management[275]. - In Q4 2024, Onfolio recorded a positive net income of $136,000, marking a crucial step towards sustained profitability[276]. - The Company reported a net loss of $1,773,942 for the year ended December 31, 2024, a significant improvement compared to a net loss of $9,150,066 in 2023[303]. - Total revenue increased by $2,622,091, or 50%, to $7,862,077 for the year ended December 31, 2024, driven by acquisitions including RevenueZen, DDS Rank, and Eastern Standard[303]. - Cost of revenue increased by $1,320,045, or 66%, to $3,317,200, with gross profit margins decreasing to 57% from 62%[304]. - B2B revenue surged by $2,996,664, or 218%, primarily due to the RevenueZen acquisition, while B2C revenue decreased by $374,573, or 10%[315][319]. - Total other income rose to $733,906 in 2024 from $92,778 in 2023, driven by changes in fair value related to the RevenueZen acquisition[310]. - Net cash used in operating activities decreased to $1,168,363 in 2024 from $2,751,838 in 2023, attributed to increased revenues and reduced general and administrative costs[323]. Acquisitions and Investments - The company acquired three new businesses in 2024, contributing a total of $6 million in revenue, with Eastern Standard being the largest acquisition at $4 million in revenue[279][281]. - The acquisition of Eastern Standard was completed for $2.16 million, with Onfolio holding a 70% ownership stake[294]. - The company holds a 35.8% interest in Onfolio JV IV, LLC, which focuses on acquiring and operating online businesses for advertising revenue[330]. - The company has entered into two asset purchase agreements with contingent earn-out payments: up to $60,000 for BWPS Business Acquisition and $680,662 for RevenueZen Acquisition, both contingent on performance criteria[340]. - The company has not made any earn-out payments as of December 31, 2024, for the contingent payments related to the acquisitions[340]. Capital and Financing - Series A preferred shares were quoted on the OTCQB on October 30, 2024, allowing the company to raise additional capital and reduce reliance on the OA SPV Capital Model[289]. - The Company raised $600,000 through a private offering of Series A preferred stock by December 31, 2023, and an additional $693,000 thereafter[321]. - The OA SPV Capital Model was launched in March 2024, enabling accredited retail investors to co-invest in acquisitions, facilitating the DDSRank and Eastern Standard acquisitions[285]. Operational Efficiency - General and Administrative expenses decreased by $263,355, or 4%, mainly due to reduced advertising and marketing costs[306]. - The Company incurred an impairment loss of $121,000 in 2024, a significant reduction from total impairment losses of $5,016,764 in 2023[309]. - Cash provided by investing activities was $451,000 in 2024, compared to cash used of $850,000 in 2023, primarily from the sale of WP Folio subsidiary assets[325]. Revenue Recognition and Accounting Policies - Revenue is primarily generated from website management, digital services, advertising, content placement, and product sales, with revenue recognized as services are provided or products are shipped[334]. - The company receives management fees of 10% and 20% from OA SPV and OA SPV 2, respectively, based on cash distributions, which are accounted for as revenue contracts[332]. - The company recognizes revenue from online course subscriptions on a deferred basis until performance obligations are satisfied[334]. - The company accounts for its investments in joint ventures under either the cost or equity method, depending on ownership interest, and does not classify them as variable interest entities[331]. - The company reviews long-lived assets for impairment at least annually, comparing carrying amounts to expected undiscounted cash flows[338]. - The company amortizes acquired definite-lived intangible assets over their estimated useful lives, while indefinite-lived assets are subject to annual impairment tests[335]. - No off-balance sheet arrangements are reported that could materially affect the company's financial condition[339]. Future Outlook - The company expects to achieve positive free cash flow in the near term and plans to continue pursuing fundraising and acquisition activities to accelerate growth[290]. - Onfolio aims to focus on finding profitable businesses, acquiring them, and improving operations to drive long-term value creation in 2025[291].

WILMINGTON, Del., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that its chairman and chief executive officer released the following letter to Onfolio shareholders. A longer version as part of a “2024 In Review” piece has been posted on the Company’s corporate website at https://onfolio.com/2024-in-review. Dear Shareholders, What a diffe ...

Core Viewpoint - Zacks Investment Research has initiated coverage of Onfolio Holdings Inc. (ONFO) with a "Neutral" recommendation, highlighting rapid revenue growth and operational efficiency improvements, while also raising concerns about profitability, rising debt, and liquidity constraints [1] Group 1: Revenue Growth and Acquisitions - Onfolio's third-quarter 2024 revenues increased by 53% year over year, driven by acquisitions such as RevenueZen and DDS Rank, which contributed $692,000 to revenues in the first nine months of the year [2] - The company has expanded into high-growth digital sectors, including B2B marketing, digital products, and e-commerce, positioning itself to capitalize on emerging trends in online business acquisitions [2] - The acquisition of Eastern Standard in October 2024 enhances Onfolio's digital marketing capabilities, strengthening its competitive advantage in branding, SEO, and website development [2] Group 2: Operational Efficiency - Operational efficiency has improved significantly, with cash burn declining by 68% year over year and the operating loss narrowing to $485,478 in Q3 2024 from $4.7 million in Q3 2023 [3] - Improvements reflect cost-optimization efforts and disciplined expense management, with the gross profit margin expanding, indicating improved profitability at the portfolio level [3] - Onfolio's ability to effectively integrate acquisitions while maintaining a lean operational structure supports its long-term scalability [3] Group 3: Capital Structure and Growth Potential - The company benefits from a flexible capital structure, utilizing a mix of seller financing, debt, and preferred stock to fund acquisitions without excessive shareholder dilution [4] - ONFO's status as an emerging growth company under the JOBS Act provides regulatory exemptions, enabling it to allocate more resources toward expansion initiatives rather than compliance costs [4] Group 4: Financial Challenges - Liquidity remains a challenge, with cash reserves declining by 63% from the start of the year to $363,244 as of September 30, 2024, while debt increased to $4.39 million [5] - The company has relied on debt and seller financing for acquisitions, increasing interest expenses and raising concerns about its ability to service obligations [5] - High amortization and impairment costs pose additional risks, particularly if recent acquisitions fail to perform as expected [5] Group 5: Regulatory Considerations - Onfolio's emerging growth status under the JOBS Act currently reduces regulatory burdens, but this exemption will expire once the company surpasses certain financial thresholds or within five years of its 2022 IPO [6] - Transitioning to full compliance could lead to higher regulatory costs and investor uncertainty, pressuring financial flexibility [6] Group 6: Market Positioning and Valuation - While ONFO stock has seen strong gains over the past year, it continues to trade at a discount relative to industry peers [7] - The company's valuation metrics indicate that investors remain cautious due to ongoing financial risks, limited profitability, and reliance on acquisitions to drive growth [7] - Onfolio's market positioning reflects concerns about sustainability and earnings potential rather than just revenue expansion [7]

WILMINGTON, Del., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on the outstanding shares of the Company’s series A preferred stock. The dividend is payable on December 31, 2024, to shareholders of record as of the close of business on December 21, 2 ...

WILMINGTON, Del., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has appointed Adam Trainor as interim Chief Financial Officer, effective January 1, 2025. Mr Trainor will also continue in his current role as Chief Operations Officer at the Company. Mr Trainor has been with the Company since October 2020, first as a manager of seve ...

WILMINGTON, Del., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has successfully completed the sale of its BWPS WordPress business for $780,000 to WebStreet, a micro private equity investment fund in an all-cash deal, with $650,000 cash released immediately and $130,000 held back pending final completion of migration. The Company ...

WILMINGTON, Del., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) (OTCQB: ONFOP) ("Onfolio" or the "Company"), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, announces financial results for the third quarter ended September 30, 2024. Financial Highlights Third quarter revenue grew 53% to $2.01M vs. $1.31M in the prior year period and vs. $1.73M in 2Q24Third quarter gross profit grew 42% to $1.2M vs. $0 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to ___________ Commission File Number: 001-41466 ONFOLIO HOLDINGS INC. Registrant as Specified in its Charter) (Zip Code) (682) 990-6920 number, in ...

WILMINGTON, Del., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has entered into an asset purchase agreement to acquire the majority interest in the assets of Eastern Standard LLC. The Company expects the acquisition to close October 1, 2024. The asset purchase agreement includes customary representations, warranties and covenants by the par ...

WILMINGTON, Del., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) ("Onfolio" or the "Company"), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, announces financial results for the second quarter ended June 30, 2024. Financial Highlights Second quarter revenue grew 32% to $1.73M vs. $1.31M in the prior year period and vs. $1.59M in 1Q24 Second quarter gross profit grew 18% to $0.975M vs. $0.82M in the pr ...