ONAR Holding Corporation completed its largest acquisition in company history, bringing Advertise Purple into the fold with $17.1 million in annual revenue and $4.4 million in net income, while advancing preparations for Nasdaq listing.
ReadingWhen a micro-cap appoints a veteran acquisition officer and closes a meaningful revenue bolt-on in the same quarter, the board is no longer in exploration mode. Nasdaq preparation is not hypothesis.
WatchThe next earnings report will show revenue accretion by Q1. If margins hold at Advertise Purple's current levels, ONAR qualifies for uplisting within 18 months.