Marketing technology company Onar Holding Corporation (OTCQB: ONAR) has disclosed a remarkable 57% surge in consolidated revenue for the first nine months of the year, alongside a strategic reduction in cost of revenues by $250,000, as detailed in its 2024 shareholder letter. This financial upturn is attributed to the company's innovative approaches and strategic partnerships, notably with iQSTEL (OTCQX: IQST), enhancing its global footprint across five continents.
A pivotal development for Onar Holding Corporation is the introduction of ONAR Labs, a new division aimed at leading advancements in artificial intelligence, machine learning, and analytics. This initiative underscores the company's commitment to leveraging cutting-edge technology to redefine marketing solutions. With a network of agencies catering to over 45 clients across diverse industries, Onar has established specialized divisions such as Storia for performance marketing and SEO, Of Kos for healthcare marketing, CHALK for experiential marketing, and ONAR Labs for technology incubation.
The company's strategic vision includes servicing mid to large-scale companies with revenues between $50 million to $1 billion, while actively pursuing acquisitions to broaden its agency network. The shareholder letter also highlighted plans for a strategic acquisition and the establishment of an independent board by 2025, signaling Onar's ambition to strengthen its governance and operational capabilities.
With nearly 50 employees worldwide, Onar Holding Corporation is poised to make a significant impact in the marketing technology landscape. Its focus on integrating advanced technological solutions with comprehensive marketing services demonstrates a forward-thinking approach to addressing the dynamic challenges of the industry. For more information on Onar's innovative projects and partnerships, visit https://www.onarholding.com.
