Onfolio Holdings Inc. reported a wider second-quarter loss as revenue fell sharply and cash remained tight. Revenue dropped 52% to $1.50 million from $3.15 million a year earlier, with services revenue down 41% to $1.22 million and product sales down 74% to $279,000. The net loss attributable to Onfolio widened to $4.54 million from $570,000, and the loss per common share was $35.57 versus $6.49. Cash stood at $251,000 as of June 30, down from $2.17 million at the end of 2025. CEO Dominic Wells said the portfolio did not turn the corner as expected, citing cash constraints and softer cash generation. The company is targeting an Oct. 1 close for a seller-financed acquisition with roughly $4 million of trailing 12-month adjusted EBITDA, and another target's upfront cash requirement was renegotiated down to $1.3 million from $3.5 million.
Onfolio Holdings IncRevenue fell 52%, net loss widened to $4.54M, and cash dropped to $251K.
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