Onfolio Holdings Q3 Revenue Rises 36%, But Losses Widen and Stock Falls 28.9%

Onfolio Holdings Inc. reported Q3 revenues of $2.74 million, up 36% YoY, driven by a 69% increase in services revenues. However, net loss widened to $0.6 million from $0.3 million in the prior-year quarter, and net loss per common share doubled to 16 cents from 8 cents. The company's shares have declined 28.9% since the earnings report, compared with the S&P 500 Index's 2% decrease.