New Risk • Jul 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$4.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (US$8.05m market cap). Announcement • Jul 09
Ohmyhome Limited, Annual General Meeting, Jul 21, 2026 Ohmyhome Limited, Annual General Meeting, Jul 21, 2026, at 10:00 Singapore Standard Time. Location: 1 kampong ampat, 08-11 one ka macpherson, Singapore New Risk • Jul 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.93m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$4.4m free cash flow). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (US$9.93m market cap). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Jun 20
Sterling Oat Ltd. agreed to acquire Ohmyhome (BVI) Limited from Ohmyhome Limited (NasdaqCM:OMH) for $1. Sterling Oat Ltd. agreed to acquire Ohmyhome (BVI) Limited from Ohmyhome Limited (NasdaqCM:OMH) for $1 on June 17, 2026. The transaction allows Ohmyhome Limited to exit its real estate brokerage and property-related services business to focus on its digital marketing services. The purchase price was determined based on the target's negative net asset position of $14.77 million as of March 31, 2026. Prior to the sale, on May 31, 2026, Ohmyhome Limited waived SGD 19.02 million (approximately $14.73 million) in debt owed to it by Ohmyhome (BVI) Limited. Announcement • Jun 15
Ohmyhome Limited Announces Changes to Its Board and Committee, Effective June 12, 2026 Ohmyhome Limited announced that Mr. Henliyanto Ngadini tendered his resignation as an Independent Director and Chair of Nomination Committee of Ohmyhome Limited effective from June 12, 2026. Mr. Henliyanto Ngadini's resignation was not a result of any disagreement with the Company's operations, policies or procedures. Ohmyhome Limited announced that Mr. Wong Tai Kok was appointed as an Independent Director and Chair of Nomination Committee of the Company, effective from June 12, 2026. Mr. Wong Tai Kok has more than 5 years of experience in Finance. From February 2021 to January 2023, Mr. Wong served as a senior bookkeeper at Philip Tong & Co., where he was responsible for bookkeeping, financial reconciliation, voucher review, tax declaration coordination, account verification and guiding juniors. From January 2023 to December 2025, Mr. Wong worked as an external financial consultant at Tropico Sdn Bhd. In this position, Mr. Wong provided financial consulting services and compliance guidance for the company. Mr. Wong obtained a Diploma in Accounting from Sibu Community College in 1984. Announcement • Feb 13
Ohmyhome Ltd Announces Resignation of Novianto Tjhin as Co-Chief Executive Officer, Effective February 6, 2026 Ohmyhome Ltd. announced Mr. Novianto Tjhin tendered his resignation as a Co-Chief Executive Officer of the company, effective from February 6, 2026. The Board of Directors of the Company has decided not to fill the vacancy created by the resignation of Mr. Tjhin. Mr. Agus Prasetyo has served as the sole Chief Executive Officer, effective from February 6, 2026. New Risk • Jan 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$35.2m market cap). New Risk • Jan 21
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$44.4m market cap). Reported Earnings • Dec 05
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: S$0.092 loss per share. Revenue: S$6.65m (up 49% from 1H 2024). Net loss: S$2.35m (loss widened 3.1% from 1H 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Real Estate industry in the US. New Risk • Dec 04
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$19.9m market cap). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (S$505k net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$26.8m market cap). Board Change • Nov 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Ji Gang is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Jun 17
Consensus EPS estimates upgraded to S$0.10 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -S$0.616 to -S$0.10 per share. Revenue forecast unchanged from S$13.8m at last update. Real Estate industry in the US expected to see average net income growth of 36% next year. Consensus price target of US$29.00 unchanged from last update. Share price fell 9.6% to US$1.61 over the past week. Announcement • Jun 11
Ohmyhome Limited has filed a Follow-on Equity Offering in the amount of $3 million. Ohmyhome Limited has filed a Follow-on Equity Offering in the amount of $3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: $0.18
Discount Per Security: $0
Transaction Features: Registered Direct Offering New Risk • May 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 182% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (182% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (S$325k net loss in 2 years). Market cap is less than US$100m (US$13.8m market cap). Announcement • May 21
Ohmyhome Limited has filed a Follow-on Equity Offering in the amount of $1.818 million. Ohmyhome Limited has filed a Follow-on Equity Offering in the amount of $1.818 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,040,000
Price\Range: $0.45
Discount Per Security: $0
Transaction Features: Registered Direct Offering Price Target Changed • May 01
Price target increased by 32% to US$29.00 Up from US$22.00, the current price target is provided by 1 analyst. New target price is 876% above last closing price of US$2.97. Stock is down 46% over the past year. The company is forecast to post a net loss per share of S$0.63 next year compared to a net loss per share of S$0.19 last year. Reported Earnings • May 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: S$0.19 loss per share (improved from S$3.06 loss in FY 2023). Revenue: S$10.9m (up 118% from FY 2023). Net loss: S$4.34m (loss narrowed 21% from FY 2023). Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Real Estate industry in the US. New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (US$7.15m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (S$325k net loss in 2 years). New Risk • Apr 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (US$4.53m market cap). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (S$2.6m net loss next year). New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$4.51m market cap). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (S$2.6m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Mar 09
Ohmyhome Limited Appoints Novianto Tjhin as Co-Ceo Ohmyhome Limited announced On March 7, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Novianto Tjhin was appointed as the Co-CEO of the Company, effective March 7, 2025. Mr. Novianto Tjhin is an experienced professional in the real estate sector with nearly a decade of expertise. Prior to joining the Company, he has served as the Operations Director at a leading property listing company in Jakarta, Indonesia, overseeing property listings and establishing service partnerships from 2021. From 2017 to 2021, he was the Business Development Manager at PropertyKita, where he focused on expanding property listings. Mr. Tjhin holds a Bachelor’s Degree in Marketing Management from the University of Indonesia (1997). Announcement • Mar 08
Ohmyhome Limited Announces Board and Committee Changes On March 7, 2025, Mr. Tan Wei Reng, Galven tendered his resignation as a director and the Chair of Nominating Committee of Ohmyhome Limited (the “Company”), effective March 7, 2025. Mr. Tan Wei Reng, Galven’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures. On March 7, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Liu Wen Tao was appointed as the director and the Chair of Nominating Committee of the Company, effective March 7, 2025. Mr. Liu is a seasoned executive with extensive expertise in strategic operations, organizational leadership, and transformative business growth. Renowned for his strategic acumen, he excels in driving cross-functional initiatives across strategic planning and execution, resource optimization, and corporate culture development. Since 2018, he has served as General Manager of Shenzhen Dingxin Investment & Development Limited, where he spearheads investment decisions, oversees asset management portfolios and champion innovations on resource integration. Previously, as Deputy General Manager of Beijing Feitian Zhaoye Technology Co., Limited (2010–2018), Mr. Liu orchestrated the company’s day-to-day operations, optimizing sales strategies and streamlining business processes to enhance profitability and operational efficiency. Mr. Liu holds a Bachelor’s Degree in Business Administration from Hunan University (2009). Announcement • Mar 07
Ohmyhome Ltd Announces Reverse Stock Split to Regain Compliance with Nasdaq Minimum Bid Price Requirement Ohmyhome Ltd. announced that it has resolved to effect a reverse stock split of the Company’s ordinary shares, with the split ratio set at 1-for-10. The reverse stock split was approved by the Company’s shareholders at a special meeting held on January 24, 2025. Ohmyhome Ltd. ordinary shares will begin trading on an adjusted basis, reflecting the reverse stock split, on March 10, 2025, under the existing ticker symbol “OMH.” The reverse stock split is part of the Company’s efforts to bring its stock into compliance with the minimum bid price requirement for maintaining the listing of its ordinary shares on the Nasdaq Capital Market. Nasdaq requires listed companies to maintain a minimum bid price of at least $1.00 per share to remain in compliance with its listing standards. Board Change • Jan 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Director Ngadini Henliyanto was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 22
Ohmyhome Limited Announces Director and Committee Changes On January 17, 2025, Mr. Lee Wei Loon and Mr. Lim Khoon tendered their resignations as a director and the Chair of the Audit Committee and the Chair of Nominating Committee of Ohmyhome Limited (the “Company”), respectively, effective January 17, 2025. On January 17, 2025, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Gang Ji was appointed as the director and the Chair of the Audit Committee of the Company, and Mr. Henliyanto Ngadini was appointed as the director and the Chair of Nominating Committee of the Company, effective January 17, 2025. Mr. Gang Ji has extensive expertise in finance and risk management, particularly in both the United States and Asia. Mr. Ji has been serving as Vice President of Investment Banking Division at Shiyida (Shenzhen) Consulting Services Co. Ltd. since May 2021. Mr. Ji took part in the initial public offering process of Youxin Technology Ltd. (Nasdaq: YAAS), focusing on ensuring the company’s financial compliance. From December 2018 to April 2021, Mr. Ji worked as an Assistant Manager at Zhonghui Certified Public Accountants LLP, where he was responsible for conducting audits for annual reports, acquisitions, and IPOs within the manufacturing and high-tech industries. From March 2015 to December 2016, Mr. Ji served as Medical Consultant in multinational pharmaceutical company Roche. Mr. Ji obtained a Master of Science in Financial Management from the University of Birmingham in 2018. Mr. Ji is a member of the Chinese Institute of Certified Public Accountants and is also certified as a Financial Risk Manager by the Global Association of Risk Professionals. Mr. Henliyanto Ngadini has extensive experience in software development and project management, leveraging his decades of expertise to guide strategic and operational decisions. Since 2020, he has been the Technical Director at Qurinom Solutions, where he oversees software development cycles, resource allocation, and risk assessments. From 2017 to 2020, he worked as a Senior Software Engineer at PT IDstar Cipta Teknologi, leading a team to optimize backend architecture and performance. Between 2013 and 2017, he was a Software Developer at Badr Interactive, focusing on the design and maintenance of distributed SaaS systems. Mr. Ngadini holds a Bachelor’s Degree in Computer Science from Universitas Indonesia. Announcement • Jan 13
Ohmyhome Limited, Annual General Meeting, Jan 24, 2025 Ohmyhome Limited, Annual General Meeting, Jan 24, 2025, at 15:00 Singapore Standard Time. Location: 11 lorong 3 toa payoh, block b, 04-16/21, jackson square, 319579, Singapore New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$5.3m free cash flow). Market cap is less than US$10m (US$8.05m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (S$2.6m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Oct 18
Ohmyhome Limited to Report Q3, 2024 Results on Oct 29, 2024 Ohmyhome Limited announced that they will report Q3, 2024 results Pre-Market on Oct 29, 2024 Reported Earnings • Oct 01
First half 2024 earnings: EPS and revenues exceed analyst expectations First half 2024 results: S$0.10 loss per share (improved from S$0.13 loss in 1H 2023). Revenue: S$4.47m (up 106% from 1H 2023). Net loss: S$2.28m (loss narrowed 8.0% from 1H 2023). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in the US. New Risk • Sep 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$5.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-S$5.3m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (S$2.5m net loss next year). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (US$10.5m market cap). New Risk • Aug 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.80m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.80m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (S$255k net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (S$5.0m revenue, or US$3.8m). Breakeven Date Change • Jun 14
No longer forecast to breakeven The 2 analysts covering Ohmyhome no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of S$314.9k in 2025. New consensus forecast suggests the company will make a loss of S$255.0k in 2025. New Risk • Jun 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: S$5.5m Forecast net loss in 2 years: S$255k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (S$255k net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (S$5.0m revenue, or US$3.7m). Market cap is less than US$100m (US$13.4m market cap). New Risk • Apr 26
New major risk - Revenue and earnings growth Revenue has declined by 29% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue has declined by 29% over the past year. Minor Risks Currently unprofitable and not forecast to become profitable next year (S$6.7m net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (S$5.0m revenue, or US$3.7m). Market cap is less than US$100m (US$12.9m market cap). Reported Earnings • Apr 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: S$0.31 loss per share (further deteriorated from S$0.19 loss in FY 2022). Revenue: S$5.00m (down 29% from FY 2022). Net loss: S$5.47m (loss widened 79% from FY 2022). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 8.6%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. New Risk • Apr 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (30% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (S$2.8m net loss in 2 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (S$5.8m revenue, or US$4.3m). Market cap is less than US$100m (US$11.1m market cap). Announcement • Apr 10
Ohmyhome Limited to Report Fiscal Year 2023 Results on Apr 18, 2024 Ohmyhome Limited announced that they will report fiscal year 2023 results at 9:30 AM, US Eastern Standard Time on Apr 18, 2024 New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (S$6.4m net loss next year). Revenue is less than US$5m (S$5.8m revenue, or US$4.3m). Market cap is less than US$100m (US$43.1m market cap). Announcement • Dec 13
Ohmyhome Limited has filed a Follow-on Equity Offering in the amount of $11.5 million. Ohmyhome Limited has filed a Follow-on Equity Offering in the amount of $11.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock Announcement • Oct 13
Ohmyhome Limited (NasdaqCM:OMH) acquired Simply Sakal Pte. Ltd. from Simply Real Estate Partners Pte. Ltd, Narendra Patel and Chong Jia Gen, Kenneth for SGD 4.71 million. Ohmyhome Limited (NasdaqCM:OMH) entered into a Share Purchase Agreement to acquire Simply Sakal Pte. Ltd. from Simply Real Estate Partners Pte. Ltd, Narendra Patel and Chong Jia Gen, Kenneth for SGD 4.71 million on October 6, 2023. The purchase price is structured as SGD 1.71 million in cash and SGD 3 million in the form of newly issued shares. The issuance of the shares will occur in four tranches, (i) the completion tranche on the completion date of the SPA, (ii) the first tranche on the first anniversary of the completion date of the SPA, (iii) the second tranche on the second anniversary of the completion date of the SPA and (iv) the third tranche on the third anniversary of the completion date of the SPA. The closing of the transaction is conditioned upon completion of due diligence reviews of Simply and any required regulatory approvals. Transaction is expected to be accretive to Ohmyhome’s revenue growth and earnings in 2024, the first full year after its close, and lead to a positive EBITDA in 2025 upon the realization of the synergies.Ohmyhome Limited (NasdaqCM:OMH) completed the acquisition of Simply Sakal Pte. Ltd. from Simply Real Estate Partners Pte. Ltd, Narendra Patel and Chong Jia Gen, Kenneth on October 6, 2023. Reported Earnings • Oct 06
First half 2023 earnings released: S$0.13 loss per share (vs S$0.057 loss in 1H 2022) First half 2023 results: S$0.13 loss per share (further deteriorated from S$0.057 loss in 1H 2022). Revenue: S$2.17m (down 36% from 1H 2022). Net loss: S$2.47m (loss widened 169% from 1H 2022). Announcement • Sep 15
Ohmyhome Limited Announces Resignation of Joshua Cui as Chief Financial Officer, Effective on September 15, 2023 On August 15, 2023, Mr. Joshua Cui tendered his resignation as the Chief Financial Officer of Ohmyhome Limited to the Board of Directors of the Company, effective on September 15, 2023. Mr. Joshua Cui’s resignation was for personal reasons and was not due to any disagreement with the Company. Announcement • May 17
Ohmyhome Limited (NasdaqCM:OMH) singed non-legally binding Memorandum of Understanding to acquire Tech-enabled Property Management Company. Ohmyhome Limited (NasdaqCM:OMH) singed non-legally binding Memorandum of Understanding to acquire Tech-enabled Property Management Company on May 16, 2023. The transaction is subject to the customary closing conditions and completion of regulatory review. Reported Earnings • Apr 29
Full year 2022 earnings released: S$0.19 loss per share (vs S$0.11 loss in FY 2021) Full year 2022 results: S$0.19 loss per share (further deteriorated from S$0.11 loss in FY 2021). Revenue: S$7.03m (up 60% from FY 2021). Net loss: S$3.05m (loss widened 67% from FY 2021). Board Change • Mar 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman of the Board David Loh was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 