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The OLB Group, Inc. is a commerce service provider that delivers outsourced private label shopping solutions to a range of Websites. It offers monthly subscription packages, which includes a health benefits package. The company also provides e-commerce development and consulting services on a project by project basis. The OLB Group provides its clients with e-commerce solution, including site creation, hosting, transaction processing, order fulfillment, customer service, sales reporting, as well as a virtual inventory consisting of a range of brand products from a range of categories on the Internet. It offers solutions for manufacturers, retailers and single store retailer. The company also offers a range of other branded e-commerce sites for partners selling a range of products, including sporting goods, chocolates and cosmetics.
TypePublic
Founded1993
HQNew York, US
Websiteolb.com

Latest Updates

Employees (est.) (Apr 2019)24(+2300%)
Revenue (FY, 2019)$10.3 M(+15%)
Share Price (Sept 2020)$4 (-12%)
Cybersecurity ratingCMore

Key People/Management at The OLB Group

Ronny Yakov

Ronny Yakov

Chief Executive Officer
Rachel Boulds

Rachel Boulds

Chief Financial Officer
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The OLB Group Office Locations

The OLB Group has an office in New York
New York, US (HQ)
MetLife Building, 200 Park Ave #1700
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The OLB Group Financials and Metrics

The OLB Group Revenue

The OLB Group's revenue was reported to be $10.29 m in FY, 2019
USD

Revenue (Q2, 2020)

2.0m

Net income (Q2, 2020)

(510.4k)

EBIT (Q2, 2020)

(195.9k)

Market capitalization (21-Sept-2020)

56.3m

Closing stock price (21-Sept-2020)

4.0

Cash (30-Jun-2020)

330.4k

EV

65.9m
The OLB Group's current market capitalization is $56.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

184.8k130.5k103.8k136.5k66.3k83.0k51.5k9.0m10.3m

Revenue growth, %

31%(51%)25%

Cost of goods sold

63.9k47.4k38.1k29.9k23.9k20.9k

Gross profit

120.8k83.1k65.7k106.6k42.4k62.1k
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

49.3k39.2k28.6k38.6k31.4k22.4k28.2k24.1k75.6k13.0k30.9k18.2k11.8k15.4k26.0k19.3k8.2k15.5k18.1k9.9k9.9k3.2m3.0m2.6m2.6m2.5m2.6m2.0m

Cost of goods sold

16.7k15.2k14.6k11.4k12.3k10.4k10.4k5.4k8.6k7.9k6.3k7.1k6.3k6.6k5.7k4.9k5.2k5.5k5.0k4.5k

Gross profit

32.6k24.0k14.0k27.2k19.1k12.1k17.9k18.7k67.0k5.2k24.6k11.1k5.4k8.8k20.4k14.3k2.9k10.0k13.1k5.4k

Gross profit Margin, %

66%61%49%70%61%54%63%77%89%40%79%61%46%57%78%74%36%65%72%54%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

845.08.9k2.8k2.9k1.2k580.0111.6k507.6k

Accounts Receivable

5.8m406.1k479.4k

Prepaid Expenses

21.1k16.7k

Current Assets

845.08.9k2.8k2.9k1.2k580.0547.1k1.1m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

18.0k600.0169.024.4k1.2k8.5k2.6k9.3k5.6k1.6k154.0332.01.1k4.6k1.7k1.4k1.8k104.0353.0164.4k42.8k55.4k25.5k434.5k330.4k

Accounts Receivable

25.0k545.7k477.1k509.4k605.3k385.0k348.8k

Prepaid Expenses

15.0k22.1k16.4k20.0k16.9k23.7k

Current Assets

18.0k600.0169.024.4k1.2k8.5k2.6k34.3k5.6k1.6k154.0332.01.1k4.6k1.7k1.4k1.8k104.015.4k1.3m550.4k589.5k659.1k944.7k820.0k
USDQ2, 2011

Financial Leverage

2.2 x
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The OLB Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

The OLB Group Online and Social Media Presence

Embed Graph

The OLB Group News and Updates

The OLB Group Blogs

OLB Group Expands SaaS Commerce Solutions for SMBs

New York, June 25, 2018 (GLOBE NEWSWIRE) — The OLB Group, Inc. (OTCQB: OLBG), a provider of merchant-centric SaaS solutions for small and medium businesses, announced the expansion of its commerce offering through the recent acquisition of assets and intellectual property of three companies. The add…

OLB Introduces New product and services end of Q3 a Next day funding with instant cash advance strait from the Cloud-Based POS Platform

A new Comprehensive suite of financial products and services to compliment the small merchant New York, July 17, 2018 (GLOBE NEWSWIRE) — The OLB Group, Inc. (OTCQB: OLBG), a provider of merchant-centric SaaS solutions for small and medium businesses, announced the plan to launch program directly fro…

OLB Group Acquires Assets and Operational Business in the Merchant Acquiring Industry for $12.5 Million

OLB Group, Inc., (OLBG), a leading provider of integrated commerce services solutions for small and medium sized businesses throughout the United States announced today it has acquired significant assets that will enable the company to address the merchant’s business needs through an integrated suit…
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The OLB Group Frequently Asked Questions

  • When was The OLB Group founded?

    The OLB Group was founded in 1993.

  • Who are The OLB Group key executives?

    The OLB Group's key executives are Ronny Yakov and Rachel Boulds.

  • How many employees does The OLB Group have?

    The OLB Group has 24 employees.

  • What is The OLB Group revenue?

    Latest The OLB Group annual revenue is $10.3 m.

  • What is The OLB Group revenue per employee?

    Latest The OLB Group revenue per employee is $428.8 k.

  • Who are The OLB Group competitors?

    Competitors of The OLB Group include Huboo, ShopFully and Checkout 51.

  • Where is The OLB Group headquarters?

    The OLB Group headquarters is located at MetLife Building, 200 Park Ave #1700, New York.

  • Where are The OLB Group offices?

    The OLB Group has an office in New York.

  • How many offices does The OLB Group have?

    The OLB Group has 1 office.