The following is a summary of the Ohmyhome Limited (OMH) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Ohmyhome reported a total operating revenue of SGD 5 million (USD 3.79 million) for 2023.

• It saw a gross profit of SGD 1.7 million (USD 1.3 million) and a net loss of SGD 5.5 million (USD 4.1 million).

• Earnings per share were reported at SGD 0.26 (USD 0.20) and an adjusted EBITDA of negative SGD 4 million (negative USD 3 million) was observed.

• Despite a declining property market and enhanced taxation, Ohmyhome saw a revenue growth up to SGD 2.2 million in the second half of 2023.

Business Progress:

• The company acquired a tech-enabled property management company that manages thousands of units of condominiums across Singapore, expected to boost revenue in 2024.

• It plans to leverage its in-house built technology software, MATCH, to increase efficiency in property matchings and has a high projected revenue growth for 2024.

• Ohmyhome is focusing efforts on technology development and strategic partnerships to enhance customer engagement and expand its market reach.

• The company anticipates achieving adjusted EBITDA breakeven by Q4 2023.

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