Ohmyhome Expects Improved Gross Margin For Brokerage Due To Brand Awareness And HomerAI Launch; Brokerage GTV Up 53% Y-o-Y, Renovation Segment Up 194%, Property Management Projects Up 29%; Anticipated Revenue Growth Over 110% For H1 2024 Vs H1 2023
Portfolio Pulse from Benzinga Newsdesk
Ohmyhome (OMH) anticipates improved gross margins for its brokerage services due to increased brand awareness and the launch of HomerAI. The company reported a 53% year-over-year increase in brokerage GTV, a 194% rise in the renovation segment, and a 29% increase in property management projects. Revenue growth is expected to exceed 110% for the first half of 2024.
July 05, 2024 | 3:02 pm
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Ohmyhome (OMH) expects significant improvements in gross margins and revenue growth due to increased brand awareness and the launch of HomerAI. The company reported strong year-over-year growth in multiple segments, indicating robust business performance.
The anticipated revenue growth of over 110% for H1 2024, along with significant improvements in gross margins and strong performance across various segments, suggests a positive short-term impact on OMH's stock price. The launch of HomerAI and increased brand awareness are key drivers.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100