Aug 20, 2026 earnings call — Nasdaq compliance and acquisitions focus
Total revenue for the second quarter was $1.5 million, down 52% year-over-year.
Revenue $0.0B (est $0.0B) · EPS $-35.57 (est $-0.11)
Key quotes
"Nasdaq requires companies listed to maintain stockholders' equity of at least $2.5 million, and we fell below that threshold."
"As of June 30, 2026, we had cash of $251,000, down from $842,000 at the end of the first quarter and $2.17 million at year-end 2025."
"We've also signed a letter of intent on a larger and, frankly, game-changing acquisition, roughly $4 million in trailing 12-month adjusted EBITDA, structured as 100% seller-financed, meaning the seller carries a note and it's paid down over time."
Analyst Q&A 1
why financing caused dilution and future deals
Q (Private Investor): The analyst asked if stockholders' equity was still negative or fixed, what went wrong with the financing that caused big dilution and what safeguards will prevent a repeat. He also asked how the company can add $4 million EBITDA without raising cash, and whether Onfolio will be more aggressive in acquisitions.
A: Management said equity was negative at the end of Q2 but is positive now after conversions in Q3. They said the financing used crypto as collateral, the crypto fell in value which reduced usable cash and increased dilution, and 50% of the raised capital had been tied up as crypto collateral. For future deals they will seek better terms so closer to 100% of cash is usable, use cash more constructively for acquisitions, and structure deals by buying stronger businesses, using earn-outs (performance-based pay), and having seller notes amortize rather than a balloon payment; they intend to be more active but careful on acquisitions.
"So any future financing, we would want to make sure that closer to 100% of the cash is actually cash we can use rather than cash that's stuck tied up." — Dominic Wells (CEO)