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Earnings Call Summary | Ohmyhome(OMH.US) Q4 2023 Earnings Conference

moomoo AI · Apr 18 10:59 · Conference Call

OMH +1.71%

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.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

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