the olb group, inc. operates as a fintech and payment facilitator company in the united states. it offers omnisoft, a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses; evance, a payment processing solution; securepay, a payment gateway and virtual terminal with proprietary business management tools; and crowdpay.us, a white label capital raising platform. the company also operates shopfast, a cloud-based omni-channel platform that enables consumers to purchase products and services from websites of clients across variopus business sectors. in addition, it provides ecommerce development and consulting services. the company was founded in 1993 and is headquartered in new york, new york.
Company profile
Ticker
OLB
Exchange
Website
CEO
Ronny Yakov
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
133712553
OLB stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Apr 24
DEF 14A
Definitive proxy
1 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
PRE 14A
Preliminary proxy
21 Mar 24
8-K
Entry into a Material Definitive Agreement
23 Feb 24
424B5
Prospectus supplement for primary offering
16 Feb 24
8-K
Submission of Matters to a Vote of Security Holders
5 Jan 24
8-K
Other Events
8 Dec 23
DEF 14A
Definitive proxy
4 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 87.78 k | 87.78 k | 87.78 k | 87.78 k | 87.78 k | 87.78 k |
Cash burn (monthly) | 15.33 k | 184.07 k | 628.28 k | 692.76 k | (no burn) | (no burn) |
Cash used (since last report) | 104.19 k | 1.25 mm | 4.27 mm | 4.71 mm | n/a | n/a |
Cash remaining | -16.41 k | -1.16 mm | -4.18 mm | -4.62 mm | n/a | n/a |
Runway (months of cash) | -1.1 | -6.3 | -6.7 | -6.7 | n/a | n/a |
Institutional ownership, Q2 2023
4.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 9 |
Opened positions | 0 |
Closed positions | 4 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 441.70 mm |
Total shares | 864.15 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Chainview Capital | 380.13 k | $1.24 mm |
Vanguard | 284.91 k | $259.27 mm |
Geode Capital Management | 73.74 k | $67.10 mm |
Cerity Partners | 50.00 k | $45.50 mm |
Avalon Trust | 36.05 k | $32.81 mm |
STT State Street | 27.22 k | $24.77 mm |
Tower Research Capital | 9.00 k | $8.19 mm |
MS Morgan Stanley | 3.00 k | $2.73 mm |
Advisor | 100.00 | $91.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Jan 24 | Patrick G Smith | Common Stock | Buy | Acquire P | No | No | 0.7651 | 392,106 | 300.00 k | 642,929 |
16 Jan 24 | Ronny Yakov | Common Stock | Buy | Acquire P | No | No | 0.7651 | 784,212 | 600.00 k | 5,409,701 |
12 Jan 24 | Ronny Yakov | Common Stock | Option exercise | Acquire M | No | No | 0.0001 | 420,001 | 42.00 | 5,829,702 |
12 Jan 24 | Ronny Yakov | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.77 | 6,667 | 5.13 k | 0 |
12 Jan 24 | Ronny Yakov | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.77 | 6,667 | 5.13 k | 0 |
12 Jan 24 | Ronny Yakov | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.77 | 6,667 | 5.13 k | 0 |
12 Jan 24 | Ronny Yakov | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.77 | 200,000 | 154.00 k | 0 |
12 Jan 24 | Ronny Yakov | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.77 | 200,000 | 154.00 k | 0 |
12 Jan 24 | Patrick G Smith | Common Stock | Option exercise | Acquire M | No | No | 0.0001 | 381,069 | 38.11 | 1,023,998 |
12 Jan 24 | Patrick G Smith | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.77 | 106,069 | 81.67 k | 159,103 |
Press releases
OLB Group Provides Shareholder Update Prior to Upcoming Special Shareholder Meeting April 26, 2024, at 10:00 AM Eastern
23 Apr 24
OLB Group to Conduct Fourth Quarter and 2023 Annual Report Call Today, April 15
15 Apr 24
Bodegas Are The New Frontier For Underbanked Communities – OLB Group Leading The Charge
10 Apr 24
OLB Group (NASDAQ: OLB) Preparing for Strategic Spinoff Of DMint Subsidiary to OLB Shareholders
26 Mar 24
OLB Group Adds Seven Additional Minor League Baseball Teams To Roster Of Clients Using Omni Commerce Services And Payment Acceptance Solutions
21 Mar 24