Onfolio Q2 Loss Widens Y/Y as Revenues Fall & Cash Remains Tight
Onfolio Holdings reported a second-quarter net loss that widened year-over-year as revenues fell 52%, driven by declines in both B2B and B2C sales. Operating costs were lower, but the company's liquidity remained tight.
Why it matters — ONFO watchers would be concerned about the sharp revenue decline and persistent tight liquidity despite cost reductions.