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, NY, US
Websiteolb.com

Latest Updates

Employees (est.) (Apr 2019)24(+2300%)
Job Openings16
Revenue (FY, 2020)$9.8 M(-5%)
Share Price (Jan 2021)$4.9(-4%)
Cybersecurity ratingCMore

Key People/Management at The OLB Group

Ronny Yakov

Ronny Yakov

Chief Executive Officer
Rachel Boulds

Rachel Boulds

Chief Financial Officer
Patrick Smith

Patrick Smith

VP Corporate Finance
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The OLB Group Office Locations

The OLB Group has offices in New York, Alpharetta and Portland
New York, NY, US (HQ)
MetLife Building, 200 Park Ave #1700
Alpharetta, GA, US
960 North Point Pkwy #400
Portland, OR, US
512 SE Salmon St
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The OLB Group Financials and Metrics

The OLB Group Revenue

The OLB Group's revenue was reported to be $9.77 m in FY, 2020
USD

Revenue (Q1, 2021)

2.2m

Net income (Q1, 2021)

(1.1m)

EBIT (Q1, 2021)

(983.1k)

Market capitalization (28-Jan-2021)

56.3m

Closing stock price (28-Jan-2021)

4.9

Cash (31-Mar-2021)

2.4m

EV

54.3m
The OLB Group's current market capitalization is $56.3 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

184.8k130.5k103.8k136.5k66.3k83.0k51.5k9.0m10.3m9.8m

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, 2020Q1, 2021

Revenue

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

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, 2019FY, 2020

Cash

845.08.9k2.8k2.9k1.2k580.0111.6k507.6k3.8m

Accounts Receivable

5.8m406.1k479.4k356.0k

Prepaid Expenses

21.1k16.7k15.8k

Current Assets

845.08.9k2.8k2.9k1.2k580.0547.1k1.1m4.2m
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, 2020Q1, 2021

Cash

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

Accounts Receivable

25.0k545.7k477.1k509.4k605.3k385.0k348.8k344.0k

Prepaid Expenses

15.0k22.1k16.4k20.0k16.9k23.7k19.4k

Current Assets

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

Financial Leverage

2.2 x
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The OLB Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

The OLB Group Online and Social Media Presence

Embed Graph

The OLB Group News and Updates

The OLB Group Blogs

OLB Group Adds Payments Through Social Media Apps To Its Gateway

Payments provider The OLB Group Inc. announced Tuesday that its SecurePay payment gateway will support payment acceptance through social-media applications without requiring consumers to leave the app. To enable payments through such apps as Facebook, Instagram, Twitter, WhatsApp, TikTok and Skype, …

eCommerce Solutions: Short-Term Fix Or Growth Strategy?

as a business imperative. With mandatory restrictions on in-store traffic, and customer reluctance to venture out to a public establishment, offering mobile and internet-based sales may be the only way some businesses can maintain viable revenue streams. Embracing a broad scope of channels without e…

How small businesses are reaching more customers amid global pandemic

For more than ten years, Los Pollos Cuban Bakery has been operating in the San Diego area, serving up its Cuban pastries and signature dishes to workers at nearby offices and catering corporate events and weddings. All that came to a halt when the county health department ordered a temporary shutdow…

Global Market for Retail Omni-Channel Commerce Platform Could Exceed US$12.7 Billion by 2025

According to most experts the global Retail Omni-Channel Commerce Platform market will be driven by the growing business opportunity for eCommerce against the backdrop of the fact that the consumer purchase cycle is increasingly characterized by seamlessly shifting across channels and devices. Repor…

Stock IPO Pays Philanthropic Dividends

The Nasdaq opening bell rang out in traditional fashion to announce the start of trading for the day. For FJC donor John Herzog, however, the ringing of the bells indicated something particularly meaningful: a more robust and active phase of his philanthropy with FJC. On this morning, the ceremonial…
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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, Rachel Boulds and Patrick Smith.

  • 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 $9.8 m.

  • What is The OLB Group revenue per employee?

    Latest The OLB Group revenue per employee is $406.9 k.

  • Who are The OLB Group competitors?

    Competitors of The OLB Group include Lynk Technologies, Huboo and ShopFully.

  • 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 offices in New York, Alpharetta and Portland.

  • How many offices does The OLB Group have?

    The OLB Group has 3 offices.