ONAR Gives Q3 2024 Outcomes and Business Replace By Investing.com

LOS ANGELES, Dec. 30, 2024 /PRNewswire/ —  Reliant Holdings, Inc. (OTCQB:RELT) quickly to be ONAR Holding Company (“ONAR”), a rising community of highly-specialized advertising companies, has launched its Q3 Shareholder Letter together with its SEC submitting of its 10-Q for the final quarter. This letter covers the outcomes of the corporate’s monetary progress because it continues to develop.

The letter to shareholders covers key highlights for the 9 months that ended September 30, 2024 and offers a primary have a look at the Firm’s consolidated enterprise because the reverse merger introduced in Q2 2024.

“It has been quite a journey getting to this point. ONAR is now on the trajectory we envisioned when we started the reverse merger process,” stated Claude Zdanow, CEO of ONAR. “We are incredibly proud of where we are today and know we have a platform set for rapid growth through the acquisitions we are targeting and our plans for organic growth.”

In alignment with its dedication to changing into a $100 million income firm and uplisting to NASDAQ, ONAR has developed a complete marketing strategy that features a focused acquisition technique for the subsequent 18-24 months.

Moreover, ONAR will announce a brand new board constitution to usher in an Unbiased (LON:) Board of Administrators in Q1 of 2025. The brand new board and its rising investor base demonstrates the assist that exists for the corporate’s imaginative and prescient and development technique, underscoring the shared dedication to constructing a premier, technology-enabled advertising powerhouse.

The shareholder letter highlights these notable achievements from Q3:

• Elevated Revenues: By finishing the reverse merger, the Firm’s consolidated income for the 9 months ending September 30, 2024, was 57% greater than the identical interval final yr.
• Decreased Value of Revenues: The Value of Revenues declined by nearly $250,000 as in comparison with the identical interval final yr.
• Improve in Money on Hand: Money Steadiness Elevated by nearly $.5 Million as in comparison with December 31, 2023.
• International Attain: General headcount elevated globally, with 60% of the Firm’s workforce being worldwide throughout 5 continents.
• Partnership for Development and Tech Enlargement: A strategic alliance was signed with iQSTEL, Inc. (OTCQX:IQST) to assist iQSTEL enhance its market presence and share applied sciences to additional each corporations’ companies.

ONAR concludes the letter with enthusiasm and optimism for the long run, stating its bold objectives to broaden its community of companies in 2025.

The total shareholder letter is shared beneath.

Expensive Shareholders,

We’re excited to announce our Q3 FY-2024 outcomes, a testomony to ONAR’s extraordinary development and strategic innovation. This quarter has solidified our place as a frontrunner within the advertising business, and we’re desperate to share the tangible progress we’ve made.

1. Income and Profitability

• By finishing the reverse merger, the Firm’s consolidated income for the 9 months ending September 30, 2024, was 57% greater than the identical interval final yr.
• Recurring Revenues remained regular as Value of Revenues declined by nearly $250,000 as in comparison with the identical interval final yr.
• Revenues are anticipated to extend organically within the close to future on account of new contracts being negotiated.
• Digital Advertising Company Efficiency
  • Recurring revenues remained regular, with Web Working Revenue equaling ~5% of Gross sales. NOI is predicted to extend within the close to time period on account of new gross sales hires, which contributed to the discount in NOI.
• Healthcare Advertising Company Efficiency
  • Web Working Revenue for Healthcare Advertising companies was practically 44% of Gross sales.

2. Curiosity Expense

• Curiosity paid elevated nominally as in comparison with the earlier yr on account of financing actions to finish the reverse merger. This shall be offset by a rise in Revenues within the close to future, in addition to liabilities that shall be transformed into Fairness.

3. Property and Liabilities

• Money Steadiness elevated by nearly $.5 Million as in comparison with December 31, 2023

4. Money Circulate and Liquidities

• Financing actions offered $1.8M (Web) for the 9 months ended September 30, 2024.   This offered working capital and funds for enlargement and the reverse merger.

5. International Presence, Operational Attain, and Advertising

• General headcount elevated globally, with 60% of the Firm’s workforce being worldwide throughout 5 continents.

6. Partnership for Development and Tech Enlargement

• A strategic alliance was signed with iQSTEL, Inc. (OTCQX:IQST) to assist iQSTEL enhance its market presence and share applied sciences to additional each corporations’ companies.
• ONAR CEO Claude Zdanow attended NobleCon 2024 and showcased a glimpse into the Firm’s proprietary synthetic intelligence utilization and the way machine studying capabilities are serving to form how the corporate leverages knowledge.

Abstract

We’re happy to report that our strategic initiatives are progressing in keeping with plan, delivering robust outcomes throughout key efficiency indicators. This constructive momentum reinforces our confidence within the firm’s potential to realize sustained development.

Thanks on your assist.

Sincerely,

Claude ZdanowCEO, ONAR

About ONAR

ONAR (OTCQB: RELT) is a dynamic advertising and enterprise options community, presently publicly traded as Reliant Holdings, Inc. with plans to turn into Onar Holding Company within the close to future. ONAR’s mission is to offer unparalleled service by an built-in, AI-driven strategy, leveraging its numerous model household’s strengths. Dedicated to honor, candor, and best-in-class outcomes, ONAR goals to steer the business by instance, making certain each consumer relationship is deeply rooted in belief and excellence.

ONAR has practically 50 staff throughout 5 continents, and it’s aggressively increasing its crew to assist the corporate’s development and acquisition pipeline. Its companies service over 45 purchasers throughout numerous industries:

• Efficiency Advertising & search engine optimisation: Our high-touch efficiency advertising company, Storia, focuses on model development, data-driven excellence, and paid promoting.
• Full-Service Healthcare Advertising: Partnering with healthcare professionals, Of Kos gives the very best affected person expertise and strives to revolutionize the usual of care.
• Experiential Advertising & Occasions: CHALK is an experiential advertising powerhouse of occasion architects who flip daring concepts into unforgettable actuality, designing occasions that dare to defy the unusual.

ONAR’s community of companies focuses on servicing corporations starting from $50M to $1B+ in income, and ONAR is actively trying to find companies to accumulate and turn into a part of the community.

Ahead-Wanting Statements

This press launch comprises forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements are based mostly on ONAR’s present expectations and projections about future occasions and monetary developments that it believes might have an effect on its monetary situation, outcomes of operations, enterprise technique, and monetary wants. These statements will not be historic information and are inherently unsure and out of doors of ONAR’s management. Ahead-looking statements embody, amongst different issues, statements concerning ONAR’s expectations concerning its potential to realize its monetary and strategic objectives, together with surpassing $100 million in income and securing a NASDAQ itemizing; its potential to broaden its consumer base and market share; and its potential to develop and launch new services and products. Precise outcomes might differ materially from ONAR’s expectations and projections on account of numerous dangers and uncertainties, together with market circumstances, competitors, the flexibility to guard mental property, the flexibility to handle development, adjustments in legal guidelines and rules, and different components described in ONAR’s filings with the Securities and Alternate Fee. These forward-looking statements are made as of the date of this press launch, and ONAR undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions, or in any other case, besides as required by legislation.