Onar Holding Corp SEC 10-Q Report

Onar Holding Corp, a diversified company operating in the Advertising and Marketing, and Pool Services sectors, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational metrics, reflecting the company's performance and strategic initiatives over the past six months.

Financial Highlights

• Revenue: $1.62 million, reflecting a 28% year-over-year increase primarily due to the acquisition of Reliant Holdings and its related pool business.
• Gross Profit (Loss): $(76,026), indicating a decrease from the previous period due to increased labor costs and the acquisition of Reliant Holdings.
• Loss from Operations: $(2.12 million), primarily driven by increased operating expenses related to public company compliance costs and stock-based compensation.
• Net Loss: $(2.69 million), compared to a net loss of $(665,504) in the prior period, reflecting higher operating expenses and interest costs.
• Net Loss Per Share - Basic and Diluted: $(0.02), showing an improvement from $(0.04) in the prior period due to an increase in weighted average common shares outstanding.

Business Highlights

• Revenue Segments: ONAR Holding Corporation operates in two primary segments: Advertising and Marketing, and Pool Services. The Advertising and Marketing segment generated $1,203,561 in revenue, while the Pool Services segment contributed $419,673 for the six months ended June 30, 2025.
• Geographical Performance: The company operates primarily in the United States, with its pool services focused in the Austin, Texas market. The marketing services are provided across various industries, including consumer products, manufacturing, business services, technology, e-commerce, and healthcare.
• Sales Units: The Pool Services segment involves the installation and maintenance of residential pools, with projects typically spanning 4 to 12 months. The company continues to focus on custom, award-winning pool construction.
• Future Outlook: The company is executing a transition plan focused on strengthening its balance sheet, streamlining operations, and positioning ONAR for scalable growth. Priorities include refinancing or converting near-term debt maturities, tightening expense controls, driving net new revenue through higher-margin, AI-enabled marketing services, and selectively funding growth initiatives.

SEC Filing: Onar Holding Corp [ RELT ] - 10-Q - Aug. 19, 2025