M&A
confidence high
sentiment neutral
materiality 0.60
Onfolio Holdings files 8-K/A with BWPS financials for WordPress plugin acquisition up to $1.35M
Onfolio Holdings, Inc
- Acquisition of BWPS WordPress plugin business closed Oct 25, 2022 for up to $1.35M ($1.25M cash + $40K note + $60K earnout).
- BWPS generated $436K revenue and $380K net income in FY2021; $286K revenue and $242K net income in FY2020.
- For H1 2022, BWPS revenue was $236K, net income $193K; cash on hand $233K as of June 30.
- Pro forma financials also reflect prior acquisitions of SEO Butler Ltd and BCP Media Inc from October 2022.