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The OLB Group, Inc., trading under the symbol OLB on NASDAQ, is a multifaceted fintech enterprise headquartered in New York, New York. Established in 1993, the company is renowned for its diversified services in payment facilitation and Bitcoin mining. OLB Group offers a comprehensive array of payment solutions and business management tools that cater to a vast array of merchants across the United States.
One of OLB's flagship offerings is Omnisoft, a cloud-based business management platform designed to help merchants streamline their operations both online and in physical retail environments. Complementing this is Evance, a robust payment processing solution, and SecurePay, a payment gateway and virtual terminal equipped with proprietary business management tools. Additionally, OLB Group powers Crowdpay.us, a white-label capital raising platform, as well as ShopFast, an omni-channel platform that facilitates consumer transactions from various business sectors.
In recent developments, OLB Group has expanded into the eSIM technology market, targeting the unbanked sector with two new prepaid wireless phone services—Black Wireless and Mango Mobile. These services aim to provide cost-effective and efficient solutions for budget-conscious consumers.
The company also runs DMint, a Bitcoin mining subsidiary that operates a facility in Tennessee utilizing renewable energy sources such as hydroelectric and solar power. This venture underscores OLB's commitment to sustainable and forward-thinking business practices.
OLB Group's latest financial results for Q1 2024 indicate a revenue of $3.5 million, which signals a challenging yet dynamic business environment. Despite a net loss of $2.9 million, the company continues to make strategic investments, including the acquisition of the remaining 19.9% of its subsidiary Black011, enhancing its reach and service offerings.
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OLB Group, (NASDAQ:OLB), has announced that it has regained compliance with the Nasdaq minimum bid price requirement after its stock closed at $1.00 per share or higher for 10 consecutive business days from January 12 to January 27, 2023. This development indicates that the company is no longer at risk of delisting from the Nasdaq. The OLB Group operates as a fintech eCommerce merchant services provider and cryptocurrency mining enterprise, serving over 10,500 merchants across the United States. The company emphasizes its commitment to sustainable Bitcoin mining operations through its subsidiary, DMint.
OLB Group will present an investor update at the Emerging Growth Virtual Conference on January 11, 2023. The presentation features CEO Ronny Yakov and VP Patrick Smith, focusing on the company's eCommerce merchant services and Bitcoin mining operations. OLB is initiating a stock buyback program to enhance shareholder value. Investors can submit questions before the event, which lasts from 1:10 - 1:25 PM ET. The presentation will be accessible live and archived for later viewing.
OLB Group (NASDAQ:OLB) announced that its senior management purchased 114,143 shares in open-market transactions since December 1, 2022. The company has also bought back 116,272 shares as part of its stock buyback program, aiming to reduce shares outstanding by 1,000,000. CEO Ronny Yakov expressed confidence in the company’s value, noting projected revenue growth nearing 100%, targeting $31 million for 2022, despite the current market cap of roughly $13 million.
OLB Group (NASDAQ:OLB), a diversified Fintech eCommerce provider, announced an investor update presentation at the Emerging Growth Virtual Conference on December 14, 2022, from 12:15 - 12:30 PM ET. The management will discuss recent developments in the company's e-commerce and cryptocurrency mining operations, including a stock buyback initiative aimed at boosting shareholder value. This conference will also feature a Q&A session, allowing investors to engage directly with the leadership team.
The OLB Group (NASDAQ:OLB) has initiated a stock buyback program, authorizing the purchase of up to 1 million shares of its common stock. The company has no corporate debt and a market valuation of approximately $12.5 million, with a projected revenue of over $32 million for 2022. CEO Ronny Yakov highlighted that buying shares at low valuations enhances shareholder value. The buyback will be conducted periodically, depending on cash flow and market conditions, using existing cash balances.
OLB Group, Inc. (NASDAQ:OLB) will present at the Emerging Growth Virtual Conference on November 30, 2022, from 2:05 to 2:35 PM ET. The management team, including Chairman & CEO Ronny Yakov and VP Patrick Smith, will discuss the company's e-commerce merchant services and cryptocurrency mining operations, highlighting a recent partnership with Cuentas, Inc. (Nasdaq:CUEN). Attendees can register for the live presentation and submit questions via email. An archived webcast will be available post-event. Interested parties can notify themselves of future updates by emailing ir@olb.com.
The OLB Group, Inc. (NASDAQ:OLB) reported substantial growth for the nine months ending September 30, 2022, with revenue soaring to $23.4 million, three times higher than the $7.9 million reported in the previous year. Key highlights include a positive Adjusted EBITDA of $794,664 and total corporate assets amounting to $41.2 million. The company maintains a healthy cash balance of approximately $2.3 million and zero unsecured debt. The annualized revenue run rate is projected between $31.2 million and $34 million for 2022.
The OLB Group, Inc. (NASDAQ:OLB) is set to hold an Earnings Conference Call on November 15, 2022, at 4:30 PM EDT. This call invites shareholders and interested investors to engage in discussions regarding the company's earnings. Participants can submit questions post-registration. The OLB Group operates as a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, boasting over 10,500 merchants across all 50 states.
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
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