OLB Group Inc Stock Price, News & Analysis

OLB Group, a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, will present at the H.C. Wainwright Global Investment Conference on September 12 from 10-10:30 AM at the Lotte New York Palace Hotel. Ronny Yakov, Chairman & CEO, alongside Patrick Smith, VP, will discuss the company’s services and crypto mining operations. The presentation can be accessed at this link and will be available for replay for 90 days.

The OLB Group (NASDAQ:OLB) reported a significant year-over-year revenue increase of $17.2 Million, up from $5.1 Million. The adjusted EBITDA improved to $745,169 compared to a loss of -$1,180,698 in the previous year. Total corporate assets reached $43 Million, with a cash balance of approximately $3.6 Million and zero debt, except for a minor equipment lease. The company anticipates organic growth and potential acquisitions to further enhance its revenue sources, particularly in eCommerce and cryptocurrency mining.

The OLB Group, Inc. (NASDAQ:OLB) announced CEO Ronny Yakov will present at the Sidoti & Company LLC Microcap Virtual Investor Conference on August 17, 2022, at 10:45 AM. The presentation will spotlight corporate development and second-quarter financials, accessible live via this link, and available for viewing for 90 days post-event. Investors can register for the conference and one-on-one meetings with management through the Sidoti event page.

The OLB Group, Inc. (NASDAQ:OLB) will hold an Earnings Conference Call on August 15, 2022, at 4:30 PM Eastern Time. The call invites participation from shareholders and investors, providing an opportunity to submit questions. The company is a diversified Fintech eCommerce merchant services provider with over 10,500 merchants in the U.S. and operates a cryptocurrency mining venture focusing on sustainable practices.

The OLB Group has announced a stock buyback program authorized by its Board of Directors, allowing for the repurchase of up to 1,000,000 shares. CEO Ronny Yakov highlighted that the company, with no corporate debt and a low market valuation, sees this as a chance to enhance shareholder value. As of March 31, 2022, OLB had $4 million in cash with a projected annual revenue run rate between $36 million and $38 million by year-end. The buyback will be executed at the Board's discretion, depending on market conditions and cash availability.

OLB Group, Inc. (NASDAQ: OLB) announced its participation in the H.C. Wainwright Global Investment Conference from May 23-26, 2022, at the Fontainebleau Miami Beach Hotel. Ronny Yakov, Chairman & CEO, will present an overview of the company's e-commerce merchant services and cryptocurrency mining businesses on May 25 from 11:00 to 11:30 AM ET. A webcast will be available, with a replay accessible for 90 days. Additionally, management will be available for one-on-one meetings during the event.

The OLB Group, Inc. (NASDAQ:OLB) reported a 300% year-over-year revenue increase in Q1 2022, reaching $8,786,460. This growth stems from both acquisitive and organic factors. The company achieved an adjusted EBITDA of $989,570, a significant improvement from a negative EBITDA of -$689,685 in Q1 2021. Despite robust revenue, total operating expenses rose to $10,242,066, leading to a net loss of -$1,455,596. The company expects to reach positive net income by year-end, driven by enhanced eCommerce operations and projected Bitcoin mining revenue.

The OLB Group, Inc. (NASDAQ:OLB) will report its First Quarter Financial results on May 12, 2022, during an earnings call at 4:15 PM EST. Shareholders and potential investors can join via a dedicated registration link for the conference call. The OLB Group operates as a diversified fintech eCommerce provider and bitcoin mining enterprise, serving over 10,500 merchants across the United States. The company's subsidiary, DMint, focuses on sustainable bitcoin mining. Further information about the company can be found on their official website.

The OLB Group, Inc. (NASDAQ: OLB) reported a significant increase in its eCommerce Revenue Run Rate, rising from $10 million to over $36 million following a recent acquisition. The first revenue from Bitcoin mining operations will be recognized in Q1 2022, with expectations of generating around $1 million monthly, assuming Bitcoin prices maintain at least $45,000. The company has acquired around 1,500 CBD-related merchants, potentially adding $20 million in revenue and $5 million in EBITDA. OLB's merchant base has expanded to over 10,500 across all U.S. states.