Onfolio Holdings Inc. announced its financial results for the first quarter ended March 31, 2025, on May 16, 2025. The company reported a substantial increase in revenue, surging 77% year-over-year, alongside an improvement in cash used in operations, which decreased to $0.14 million.
Despite the revenue growth, the net loss for Q1 2025 increased to $0.80 million from $0.47 million in Q1 2024. This increase was primarily attributed to non-cash expenses, including $0.27 million in stock-based compensation, mostly a one-time expense, and $0.17 million in higher amortization expense compared to the prior year.
CEO Dominic Wells noted that when accounting for these non-cash increases, the net loss improved year-on-year, reflecting better operational discipline. The company continues to focus on organic growth and strategic acquisitions within its core digital marketing and online education businesses, reiterating its expectation to achieve profitability during the second half of 2025.
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