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

Futu News ·  Apr 18 22:59  · Conference Call

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: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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