Onar Holding Corporation, a marketing technology company, reported substantial financial and operational progress in its 2024 annual shareholder letter. CEO Claude Zdanow revealed a 57% increase in consolidated revenue during the first nine months of the year, accompanied by a $250,000 reduction in cost of revenues.
The company's strategic growth includes a partnership with iQSTEL and workforce expansion across five continents. A key development is the launch of ONAR Labs, focused on pioneering innovations in artificial intelligence, machine learning, and analytics. This initiative underscores the company's commitment to technological advancement in marketing services.
With nearly 50 employees globally, Onar operates a diverse network of agencies serving over 45 clients across various industries. The company's agency portfolio includes Storia (performance marketing), Of Kos (healthcare marketing), CHALK (experiential marketing), and the newly established ONAR Labs.
The shareholder letter also disclosed plans for a strategic acquisition and the formation of an independent board in 2025, signaling continued organizational development. The company targets companies with revenues ranging from $50 million to $1 billion, positioning itself as a significant player in the marketing technology sector.
Onar's growth strategy and technological focus suggest a potentially transformative approach to marketing services, leveraging data-driven solutions and AI-powered technologies to drive client success.
