Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Ohmyhome Limited (OMH)
:OMH
Holding OMH?
Track your performance easily
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 03, 2023
|% Change Since: -22.73%
|Next Earnings Date:Apr 27, 2023
Earnings Call Sentiment|Positive
OMH demonstrated robust growth in revenue, cash balance, and business expansion, particularly in the property management and renovation sectors. The company shows promise with its innovative technology and improved market presence. However, ongoing operating losses and high expenses present challenges, alongside a lower market valuation compared to peers.Company Guidance
During the Q3 2024 earnings call for Ohmyhome (NASDAQ: OMH) on October 29, CEO Rhonda Wong and Director of Finance Leo Li discussed the company's financial health and growth strategies. Notably, Ohmyhome achieved a 51% increase in gross transaction value, amounting to $212 million for the first nine months of 2024. The company also reported a 106% revenue growth for the first half of 2023, with revenues rising from SGD 2.17 million to SGD 4.47 million, and gross profit margins improving across all business segments. They highlighted the company's cash balance increase to $22.1 million as of September 30, 2024. The call emphasized the successful integration of AI technology, particularly HomerAI, to enhance user engagement and conversion efficiencies, and detailed the expansion of their property management business, which now manages over 9,283 units—a 38% year-over-year increase. Despite ongoing losses due to technology investments, Ohmyhome continues to focus on scaling its profitable business model and expanding its market presence.Significant Revenue Growth
OMH reported a 106% revenue growth from SGD 2.17 million to SGD 4.47 million in the first half of 2023, with improved gross margins across all business segments.
Increase in Cash Balance
OMH's cash balance increased to $22.1 million as of September 30, 2024, from $1.8 million in June, attributed to increased deal closures and cost optimization initiatives.
Property Management Expansion
The number of units under management grew from 6,700 to 9,283, marking a 38% year-over-year increase, contributing to a steady revenue stream.
High Growth in Renovation Contracts
Renovation contracts reached $2.43 million for the first nine months of 2024, close to 300% of the previous year's figures.
Increased Gross Transaction Value
Total property transaction GTV for the first nine months of 2024 increased by 51% compared to last year.
Improved Brokerage Services
Brokerage services saw a 32% increase in transaction numbers and a 51% increase in GTV for the first nine months of 2024.
Innovative Use of Technology
The launch of HomerAI contributed significantly to market awareness and improved customer conversion rates.
---
OMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
OMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $0.44 | $0.39 | -11.36% |
| Sep 25, 2024 | $0.46 | $0.50 | +8.70% |
| Apr 18, 2024 | $0.77 | $0.60 | -22.08% |
| Oct 03, 2023 | $2.85 | $2.96 | +3.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Ohmyhome Limited (OMH) report earnings?
Ohmyhome Limited (OMH) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Ohmyhome Limited (OMH) earnings time?
Ohmyhome Limited (OMH) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OMH EPS forecast?
OMH EPS forecast for the fiscal quarter 2024 (Q4) is -0.05.
---