ONAR Releases Third Quarter 2024 Outcomes and Enterprise Replace from Investing.com

LOS ANGELES, December 30, 2024 /PRNewswire/ — Reliant Holdings, Inc. (OTCQB:RELT) will quickly ONAR Holding Firm (“ONAR”), a rising community of extremely specialised advertising and marketing businesses, has launched its third quarter shareholder letter and SECOND submitting your 10-Q for the final quarter. This letter covers the outcomes of the corporate’s monetary progress because it grows.

The letter to shareholders covers the highlights of the previous 9 months September 30, 2024 and offers a primary overview of the Firm’s consolidated actions for the reason that reverse merger introduced within the second quarter of 2024.

“It has been fairly a journey to get up to now. ONAR is now on the trajectory we envisioned after we began the reverse merger course of,” mentioned Claude ZdanowCEO of ONAR. “We’re extremely pleased with the place we’re in the present day and know we have now an outlined platform for speedy development via the acquisitions we’re focusing on and our natural development plans.”

In step with its dedication to changing into a 100 million {dollars} income firm and NASDAQ itemizing, ONAR has developed a complete marketing strategy that features a focused acquisition technique for the following 18 to 24 months.

Moreover, ONAR will announce a brand new board constitution to inaugurate a Impartial (LON:) Board of Administrators in Q1 2025. The brand new board and its rising investor base show the assist that exists for the corporate’s imaginative and prescient and development technique, highlighting the shared dedication to construct a number one technology-enabled advertising and marketing powerhouse.

The letter to shareholders highlights these notable achievements from the third quarter:

• Elevated earnings: By consummating the reverse merger, the Firm’s consolidated income for the 9 months ended September 30, 2024was 57% larger than the identical interval final yr.
• Discount in price of income: The price of income has fallen by virtually $250,000 in comparison with the identical interval final yr.
• Enhance in money: Money steadiness elevated by virtually $0.5 million in comparison with December 31, 2023.
• World Attain: The general workforce has grown globally, with 60% of the Firm’s workforce worldwide throughout 5 continents.
• Partnership for development and technological enlargement: A strategic alliance was signed with iQSTEL, Inc. (OTCQX: IQST) to assist iQSTEL improve its market presence and share applied sciences to advance the companies of each corporations.

ONAR concludes the letter with enthusiasm and optimism for the long run, affirming its formidable objectives to develop its community of businesses in 2025.

The total letter to shareholders is shared beneath.

Expensive shareholders,

We’re happy to announce our third quarter fiscal 2024 outcomes, which show ONAR’s extraordinary development and strategic innovation. This quarter has solidified our management place within the advertising and marketing trade and we look ahead to sharing the tangible progress we have now made.

1. Income and profitability

• By consummating the reverse merger, the Firm’s consolidated income for the 9 months ended September 30, 2024was 57% larger than the identical interval final yr.
• Recurring revenues remained secure whereas price of revenues decreased by virtually $250,000 in comparison with the identical interval final yr.
• Income is anticipated to develop organically within the close to future via the negotiation of recent contracts.
• Digital Advertising Company Efficiency
  • Recurring revenues remained secure, with Internet Working Earnings equal to ~5% of turnover. NOI is anticipated to extend within the close to time period because of new gross sales hires, which have contributed to the discount in NOI.
• Efficiency of healthcare advertising and marketing businesses
  • The online working earnings of well being advertising and marketing providers represents virtually 44% of turnover.

2. Curiosity costs

• Curiosity paid elevated nominally from the prior yr because of financing actions to finish the reverse merger. This shall be offset by elevated revenues within the close to future, in addition to liabilities that shall be transformed into fairness.

3. Energetic and passive

• The money steadiness elevated by virtually $0.5 million in comparison with December 31, 2023

4. Money move and liquidity

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

5. World presence, operational and advertising and marketing attain

• The general workforce has grown globally, with 60% of the Firm’s workforce worldwide throughout 5 continents.

6. Partnership for development and technological enlargement

• A strategic alliance was signed with iQSTEL, Inc. (OTCQX: IQST) to assist iQSTEL improve its market presence and share applied sciences to advance the companies of each corporations.
• CEO of ONAR Claude Zdanow attended NobleCon 2024 and offered an outline of the corporate’s proprietary use of synthetic intelligence and the way machine studying capabilities are serving to form the way in which the corporate leverages information.

Abstract

We’re happy to report that our strategic initiatives are progressing as deliberate, producing sturdy outcomes throughout all key efficiency indicators. This optimistic dynamic reinforces our confidence within the firm’s potential to realize sustained development.

Thanks in your assist.

Sincerely,

Claude ZdanowCEOALL RIGHT

About ONAR

ONAR (OTCQB: RELT) is a dynamic advertising and marketing and enterprise options community, at the moment publicly traded as Reliant Holdings, Inc. with the intention of changing into Onar Holding Firm within the close to future. ONAR’s mission is to offer unparalleled service via an built-in AI-driven method, leveraging the various strengths of its household of manufacturers. Dedicated to honor, candor and best-in-class outcomes, ONAR goals to set an instance for the trade, making certain that each buyer relationship is deeply rooted in belief and excellence.

ONAR has practically 50 staff throughout 5 continents and is aggressively increasing its workforce to assist the corporate’s development and acquisition pipeline. Its businesses serve greater than 45 shoppers in numerous sectors:

• Efficiency advertising and marketing and search engine optimisation: Our high-touch efficiency advertising and marketing company, Historical pastfocuses on model development, data-driven excellence and paid promoting.
• Full-Service Healthcare Advertising: In partnership with well being professionals, From Kos delivers the very best affected person expertise and strives to revolutionize the usual of care.
• Experiential advertising and marketing and occasions: CHALK is an experiential advertising and marketing powerhouse comprised of occasion architects who flip daring concepts into unforgettable actuality, designing occasions that dare to problem the strange.

ONAR’s community of businesses focuses on serving companies starting from $50 million to over $1 billion in income, and ONAR is actively looking for businesses to accumulate and develop into a part of the community.

Ahead-looking statements

This press launch accommodates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements are based mostly on ONAR’s present expectations and projections relating to future occasions and monetary tendencies that it believes might have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. These statements don’t represent historic details and are inherently unsure and past the management of ONAR. Ahead-looking statements embrace, amongst different issues, statements relating to ONAR’s expectations relating to its potential to realize its monetary and strategic aims, together with exceeding 100 million {dollars} in income and acquiring a list on the NASDAQ; its potential to develop its buyer 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 because of numerous dangers and uncertainties, together with market circumstances, competitors, potential to guard mental property, potential to handle development, modifications in legal guidelines and laws and different components described in ONAR’s filings with the Securities and Trade 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 info, future occasions or in any other case, besides if required by legislation. .