Onfolio announces results from implementation of operational streamlining

Onfolio Holdings announced the results a business analysis which shows the company saving more than $500,000 per year starting in Q3, 2024. “As we acquire more businesses, we periodically review how each addition to our portfolio can be integrated with our existing businesses. Our latest internal review and analysis showed that as a result of our Company consolidating business functions within operating units, we are expected to reduce operating expenses by more than $500,000 per year. The analysis also indicated that we have moved significantly closer to our immediate goal of becoming a sustainably profitable company,” commented Onfolio CEO Dominic Wells. “As previously disclosed, we anticipate completing several acquisitions in the near term, which we anticipate will generate sufficient cash flow for us to attain profitability.”