The OLB Group, Inc. - OLB STOCK NEWS

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.

The OLB Group, Inc. (NASDAQ: OLB) has received a $240 million valuation from Corporate Valuation Advisors, Inc. as of December 31, 2021. This valuation reflects OLB's growth attributed to new merchant acquisitions and business ventures. Following this, OLB closed its acquisition of Crowd Ignition and expanded its cryptocurrency mining operation with a new lease of 10,000 square feet in Bradford, Pennsylvania. The valuation indicates a significant increase in company value during the fourth quarter of 2021.

The OLB Group reported a significant increase in annual revenue for 2021, rising to $16.71M from $9.77M, marking a 71.1% growth. The company's merchant processing transaction volume achieved an annualized run rate of $1.35B, with approximately 28.5 million transactions recorded. However, the company also faced challenges, including a net loss of $4.98M, up from $1.78M in 2020, primarily due to increased operational costs in its new Cryptocurrency Business segment.

The OLB Group, a FinTech company specializing in payment solutions, will release its financial results for Q4 and full year 2021 on March 28, 2022. The results will be discussed during a conference call at 4:15 p.m. Eastern time the same day. Key topics include the impact of a recent acquisition of a CBD-related merchant portfolio, updates on its cryptocurrency mining efforts in Bradford, PA, and the acquisition of Crowd Ignition to enhance crowdfunding services. Interested parties can register for the call via provided links.