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OCG

Oriental Culture Holding Ltd.

OCG

Oriental Culture Holding Ltd. • NASDAQ
$2.55 ▼ -8.93% (-0.25)
Market Cap $52.87 M
52w High $7.47
52w Low $1.09
Dividend Yield 0%
P/E -28.33
Volume 1.20K
Outstanding Shares 20.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $175.433K ▼ $1.264M ▼ $-560.464K ▲ -319.475% ▲ $-0.029 ▲ $-935.185K ▲
Q2-2024 $447.257K ▼ $2.374M ▼ $-1.873M ▼ -418.791% ▼ $-0.28 ▲ $-1.774M ▼
Q4-2023 $780.598K ▼ $2.512M ▼ $-1.462M ▲ -187.263% ▲ $-0.34 ▲ $-1.496M ▲
Q2-2023 $799.46K ▲ $2.844M ▼ $-2.137M ▲ -267.269% ▲ $-0.5 ▲ $-2.229M ▲
Q4-2022 $766.419K $3.288M $-2.388M -311.549% $-0.56 $-2.256M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $22.363M ▼ $53.036M ▼ $3.126M ▲ $49.909M ▼
Q2-2024 $25.631M ▲ $53.791M ▲ $2.734M ▼ $51.057M ▲
Q4-2023 $20.931M ▼ $48.631M ▼ $3.081M ▲ $45.55M ▼
Q2-2023 $37.626M ▲ $49.534M ▼ $3.037M ▼ $46.497M ▼
Q4-2022 $33.689M $53.389M $3.773M $49.616M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-560.464K ▲ $0 $0 $0 $0 $0
Q2-2024 $-1.873M ▼ $0 $0 $0 $0 $0
Q4-2023 $-1.462M ▲ $0 $0 $0 $0 ▼ $0
Q2-2023 $-2.137M ▲ $0 ▼ $0 $0 $6.954M ▲ $0 ▼
Q4-2022 $-2.388M $464.814K $0 $0 $-9.722M $464.814K

Five-Year Company Overview

Income Statement

Income Statement Revenue has shrunk from a small base to essentially nothing in the last couple of reported full years, which is a major concern for a business that depends on trading activity and platform volume. Earlier, the company did manage to generate modest profits, but that period now looks like a brief upswing rather than a stable pattern. Recent interim results show a sharp swing into meaningful operating losses as activity slowed while costs did not adjust quickly enough. Overall, the income statement points to a company still searching for a durable, scalable business model and struggling to convert its platform into steady, recurring revenue.

Balance Sheet

Balance Sheet The balance sheet is very small, which limits financial flexibility but also shows no use of debt so far. Assets and equity have stayed at roughly similar low levels over several years, suggesting there has been no major expansion of the asset base. Cash balances are modest but have not collapsed yet, meaning there is still some financial cushion, though not a large one if losses continue. The recent move to expand authorized share capital hints that future funding, if needed, is more likely to come from issuing new shares than from borrowing, which could dilute existing owners over time.

Cash Flow

Cash Flow Historically, operating cash flow has hovered around break-even with only slight positive figures in the better years, which is thin for a platform that aspires to scale. Free cash flow was only marginally positive at best and recently has been flat, indicating limited internal funding capacity for growth or heavy technology investment. With revenue now very low and losses increasing, the risk is that cash starts flowing out more quickly unless the cost base is cut or new income streams ramp up. In short, the cash-flow profile shows a business that has not yet proven it can fund itself consistently from its own operations.

Competitive Edge

Competitive Edge OCG operates in a narrow niche of online trading for collectibles and artwork, with a focus on the Chinese market. Its main strength is its proprietary trading platform and an established, though likely small, community of buyers and sellers, which can create some network effects if activity grows. The company also offers related services like education, market information, and storage, which help differentiate it from pure marketplaces. However, it competes with larger e-commerce and auction platforms that have more traffic, stronger brands, and deeper resources, so maintaining and growing its niche position will be challenging without clear, visible user growth and engagement.

Innovation and R&D

Innovation and R&D The company has invested in building its own integrated trading system and client software, which gives it control over features and data rather than relying on third-party tools. It is pushing into newer areas like blockchain-based digital art, NFTs, and metaverse-style experiences, which could open fresh revenue streams if user adoption materializes. These initiatives are conceptually promising but still early, and they come at a time when the underlying business is under financial pressure, increasing execution risk. The key question is whether OCG can turn these innovation efforts into practical, monetizable products before its limited financial resources are strained further.

Summary

Oriental Culture Holding is a very small, highly specialized online platform business that has seen its revenue base erode and profitability reverse into sizeable losses. The balance sheet is clean but thin, with no debt and limited cash, leaving little margin for long periods of weak performance. While the company has interesting technology assets and is experimenting with NFTs and metaverse concepts, the core economic engine of the business is not yet proven or stable. Going forward, the main issues to watch are whether trading volumes and revenue can be revived, whether costs can be aligned with the smaller scale, and whether innovation projects can deliver real, sustainable income before additional capital is needed.

NEWS

November 14, 2025 · 4:20 PM UTC

Oriental Culture Holding LTD Announces First Half Year of 2025 Unaudited Financial Results

Read more