Ohmyhome Limited (OMH) has released an update.
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Ohmyhome Limited reported its full-year 2023 financial results, achieving S$5.0 million in revenues with a net loss of S$5.5 million, while also completing the acquisition of its Property Management business and launching the innovative HomerAI. Despite market challenges and government-imposed transaction delays, the company is optimistic about tripling its revenue in 2024 and reaching a positive Adjusted EBITDA in Q4 2024. Ohmyhome’s expansion strategy includes growing its market share and employing AI to enhance customer service and conversions.
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