The OLB Group

OverviewSuggest Edit

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.) (Dec 2018)24(+2300%)
Revenue (FY, 2018)$9 M(+17400%)

The OLB Group Office Locations

The OLB Group has an office in New York
New York, US (HQ)
MetLife Building, 200 Park Ave #1700
Show all (1)

The OLB Group Financials and Metrics

The OLB Group Revenue

The OLB Group's revenue was reported to be $9.02 m in FY, 2018
USD

Revenue (Q1, 2019)

2.6m

Net income (Q1, 2019)

(406.9k)

EBIT (Q1, 2019)

(103.5k)

Cash (31-Mar-2019)

42.8k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

103.8k136.5k66.3k83.0k51.5k9.0m

Revenue growth, %

31%(51%)25%

Cost of goods sold

38.1k29.9k23.9k20.9k19.4k

Gross profit

65.7k106.6k42.4k62.1k32.1k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

24.1k75.6k13.0k30.9k18.2k11.8k15.4k26.0k19.3k8.2k15.5k9.9k9.9k3.2m3.0m2.6m

Cost of goods sold

5.4k8.6k7.9k6.3k7.1k6.3k6.6k5.7k4.9k5.2k5.5k4.5k4.1k

Gross profit

18.7k67.0k5.2k24.6k11.1k5.4k8.8k20.4k14.3k2.9k10.0k5.4k5.8k

Gross profit Margin, %

77%89%40%79%61%46%57%78%74%36%65%54%59%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.8k2.9k1.2k580.0111.6k

Accounts Receivable

5.8m406.1k

Current Assets

2.8k2.9k1.2k580.0547.1k

PP&E

65.9k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q2, 2016Q3, 2016Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

2.6k9.3k5.6k1.6k154.0332.01.7k104.0353.0164.4k92.5k42.8k

Accounts Receivable

25.0k545.7k530.0k477.1k

Current Assets

2.6k34.3k5.6k1.6k154.0332.01.7k104.015.4k1.3m688.5k550.4k

PP&E

106.0k78.7k57.1k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(552.1k)(360.3k)(342.3k)(313.0k)(398.7k)(1.4m)

Depreciation and Amortization

582.6k

Accounts Payable

149.2k

Cash From Operating Activities

(131.1k)(136.1k)(199.8k)(164.7k)(54.1k)(131.1k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2018Q1, 2019

Net Income

(267.8k)(45.7k)(148.6k)(242.0k)(94.2k)(86.4k)(88.1k)(73.7k)(79.0k)(89.8k)(93.7k)(170.3k)(406.9k)

Depreciation and Amortization

91.4k236.5k

Accounts Payable

15.6k21.9k18.6k26.7k34.7k40.8k29.9k(7.4k)

Cash From Operating Activities

(106.3k)(18.6k)(52.2k)(81.2k)(49.5k)107.4k(113.7k)
USDY, 2019

Financial Leverage

-5.7 x
Show all financial metrics

The OLB Group Blogs

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…

The OLB Group Frequently Asked Questions

  • When was The OLB Group founded?

    The OLB Group was founded in 1993.

  • 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 $9 m.

  • What is The OLB Group revenue per employee?

    Latest The OLB Group revenue per employee is $375.8 k.

  • Who are The OLB Group competitors?

    Competitors of The OLB Group include Appmaker, Checkout 51 and Streamoid Technologies.

  • 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.