Ohmyhome LTD: A Year of Strong Financial Performance
Ohmyhome Limited, a Singapore-based property technology company, has reported significant financial growth for the fiscal year 2024. The company, which operates on the Nasdaq, specializes in providing a comprehensive platform for real estate services, including brokerage, home renovation, and mortgage referrals, exclusively serving the Singapore market.
In a series of announcements, Ohmyhome highlighted a remarkable 118% increase in revenue, reaching S$10.9 million from S$5.0 million in the previous year. This growth was driven by strong performance across all segments, particularly in brokerage services. The company’s ability to double its revenue underscores its successful expansion and operational efficiency within the competitive real estate sector.
The financial news was further bolstered by a significant surge in Ohmyhome’s stock price. On April 29, 2025, the company’s stock experienced an over 47% increase following the announcement of its revenue doubling in the fourth quarter of 2024. This surge reflects investor confidence in Ohmyhome’s growth trajectory and its potential for future profitability.
In addition to its revenue growth, Ohmyhome announced a 1-for-10 reverse stock split on April 29, 2025. This strategic move is often employed by companies to increase the stock price by reducing the number of shares outstanding, potentially making the stock more attractive to institutional investors.
Despite the impressive revenue growth, Ohmyhome reported a GAAP EPS of -$0.13 for the fiscal year 2024, indicating that the company is still in a phase of reinvestment and growth, which may not yet be reflected in profitability. The company’s market capitalization stands at 6.68 million USD, with a close price of 3.03 USD as of April 28, 2025.
Ohmyhome’s financial performance has been recognized in various financial news outlets, including RTT News, Feedburner, and Stock Titan, all highlighting the company’s robust revenue growth and strategic initiatives. The company continues to focus on expanding its service offerings and enhancing its technology-driven platform to maintain its competitive edge in the Singapore real estate market.
For more detailed information on Ohmyhome’s operations and financial performance, interested parties can visit their website at www.ohmyhome.com or research their stock on Nasdaq.