Onar Reports Strong 2024 Growth with 57% Revenue Increase and Global Expansion Initiatives

Onar (OTCQB: ONAR), a marketing technology company and network of agencies, has released its 2024 shareholder letter detailing substantial financial progress and strategic developments. CEO Claude Zdanow reported a 57% increase in consolidated revenue over the first nine months of the year alongside a $250,000 reduction in cost of revenues, indicating improved operational efficiency and profitability. The company's growth trajectory is supported by a strategic partnership with iQSTEL (OTCQX: IQST), workforce expansion across five continents, and the establishment of ONAR Labs to drive innovations in artificial intelligence, machine learning, and analytics.

The shareholder letter confirms plans for a strategic acquisition and the formation of an independent board in 2025, signaling the company's commitment to corporate governance and continued expansion. Onar's network of nearly 50 employees services over 45 clients across various industries through specialized agencies including Storia for performance marketing and SEO, Of Kos for full-service healthcare marketing, and CHALK for experiential marketing and events. The company focuses on serving businesses ranging from $50 million to $1 billion+ in revenue while actively seeking additional agencies to acquire and integrate into its growing network.

ONAR Labs represents a significant technological advancement for the company, functioning as an incubator where data scientists, engineers, and industry experts develop and commercialize innovative marketing technology solutions. These technologies are battle-tested within the agency network to ensure real-world applicability and impact, reinforcing Onar's position at the forefront of marketing technology innovation. The company's mission centers on providing unparalleled marketing services that drive revenue growth through an integrated, AI-driven approach, with commitments to honor, candor, and best-in-class results that establish deep client trust and excellence.

The strategic developments outlined in the shareholder letter demonstrate Onar's successful execution of its growth strategy while positioning the company for future expansion through both organic initiatives and strategic acquisitions. The combination of strong financial performance, technological innovation, and global market presence establishes Onar as a significant player in the marketing technology sector with substantial potential for continued growth and industry influence. For additional information about the company's services and capabilities, visit https://www.onar.com/.