24/7 Market News Snapshot 29 April, 2025 – Ohmyhome Limited Ordinary Shares (NASDAQ:OMH)

April 29, 2025

DENVER, Colo., 29 April, 2025 (www.247marketnews.com) – (NASDAQ:OMH) are discussed in this article.
Ohmyhome Limited (NASDAQ:OMH), a prominent property technology platform, has recently captured the market’s attention with its impressive financial performance and significant stock price surge. In the pre-market session, shares were up 46.40% at $2.972, a remarkable increase from the previous close of $2.030, backed by a trading volume of 4.61 million shares. This surge underscores robust investor confidence in Ohmyhome’s potential for growth within the competitive real estate sector.

For the fiscal year ended December 31, 2024, Ohmyhome reported total revenues of S$10.9 million—an extraordinary 118% boost compared to the prior year’s S$5.0 million. This performance is bolstered by notable increases across various business segments. Brokerage services contributed S$3.9 million, reflecting a 39% increase, while property management revenue soared by 394% to reach S$4.2 million, driven by heightened demand for tech-enabled solutions and the strategic acquisition of Simply Sakal. Additionally, revenues from emerging services, particularly renovation projects, grew by 109% to S$2.8 million.

Ohmyhome also made strides in enhancing its profitability metrics. The company successfully narrowed its net loss to S$4.4 million, equating to US$0.13 per share, with gross margins climbing to 40.5%, a significant improvement from 33.0% in 2023. Furthermore, there was a considerable reduction in EBITDA loss, which decreased from S$5.1 million to S$3.4 million.

With this momentum, Ohmyhome plans to refine its marketing strategies, harness AI technology for improved customer engagement, and amplify its presence in the condominium market. These efforts are aligned with the company’s overarching mission to provide innovative, reliable, and speedy real estate solutions, positioning it as a trusted partner in the property technology landscape moving forward.

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