onfolio" class="internal-tag-link">Onfolio Holdings Inc. (NASDAQ:ONFO) reported a 34% year-over-year revenue decline to $1.87 million in Q1. The company prioritized margin improvement over near-term sales.
Shares fell 6.11% in pre-market trading. Adjusted EPS loss was -$0.45 per share.
Gross profit dropped 46% to $0.92 million. Operating expenses decreased 30% to $1.75 million due to AI-driven cost cuts.
CEO Dominic Wells said deliberate decisions reduced revenue but improved operating profile. Net loss widened to $1.92 million.
The company secured a $100 million equity facility in April and targets $5-$10 million in annual adjusted EBITDA via acquisitions.
