OLB - Earnings call 3 2023 | The OLB Group, Inc.

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Ronny Yakov

Hello, everyone, and thank you for having us presenting the third quarter of 2023. I'm going to start with the forward-looking statements. [Audio Gap] those are average transaction sales and number of transactions that we do. And today, we have over 10,200 merchants in all 50 states.

We have 2,500 merchants on our Payment gateway and 130 different industry types selling in all 50 states.

Patrick Smith

This is just kind of a quick overview of the OLB Group. diversified crypto e-commerce mining a in service is and bitcoin company. itself fintech merchant and provider OLB That's the X the company. main segments of the revenue of is processing. Of like our thing X still XX% stress revenue payment that, of to from I comes XX% though, to would

majority mining the company the the have. numbers is subsidiary transactions is that the money. you makes just billion, processing. piece, to do mining X where kind the also the that's we subsidiary we're bitcoin of slide, that saw from looking it's that's to first clarify us on DMint spin off. Again, that's So the of the a bitcoin that payment that the X.X number of It we

billion processing Our annually XX,XXX on around on annual merchants volume. an basis do X.X roughly

The any much MCC like codes. is at The insider quick today. place. roughly over We're float much don't is diversified or industries where a a is outstanding pretty concentration. And We different we're have is we certain base, were to overall At million. all is As XX.X which that XXX we the industry industry around at $X.XX, were Shares around million. numbers. the on $X.XX cap we right -- XX%, that [indiscernible] of any market dominating the in. This and the don't company said, XX%. public have ownership look I states

for highlights last we're when a real kind actually $XX.X XXXX Again, $XX.X That revenue was investment time to year, X.X% FinTech through to mining. quick. million. the compared same is and The revenue Just increase. million year-to-date of go which from diversified Bitcoin the is

less market million, our price, the year-over-year. Still than price ratio is of actually current a we valuation have increased X.X. sales to with $XX around So which market is

location. every running We're quarter, debts. We're say Selmer no up in a working we acquisitions, and partnerships. to still revenues new from thousand growth, miners the organic have within As get increasing we

up be that. combine that's $XX running, Bitcoin DMint XXXX around is monthly have around from going projected once to the end the year for a run if everything million So the $XX working the to SEC, done a for $XXX,XXX of we we're and off fintech before to is there spin shareholders here will comments. XXXX. and the year. The The rate should year this we and to dividend and of mining million have correctly we SEC, the That's with filed happen, of on the get which with

Ronny Yakov

[indiscernible]. you see have the So customer provide our payment our gateway, is that's that our business, can monitoring, core the maintained Evance broker by is provide. customers [indiscernible]. that our omnisoft gateway. CrowdPay and payment It's support application that traded core there. services that said that have And business. X,XXX SecurePay on the we different [indiscernible] platform we we us. applications And CrowdFunding in our been and And sales underwriting, is the is we for force own

at $XX companies both bring valued and as separate advisers, DMint point DMint. million symbol as already. I NASDAQ traded. pretty applications of be filed going much we earlier, to we the all with got a it's stated and beginning 'XX, mean, to Security the We the Exchange. applied the to value spin of the of Just would has And off valuation value the Separating a independent to entities. company. X been on

Patrick Smith

X,XXX X.X XX ASIC land. we're miners. acres X,XXX give X Selmer, there's we This of that It's us adding as can roughly power now, we're megawatts Tennessee. of This facility. the additional a own that on and of we X, another quick DMint out foot an finishing power, which the will -- machines. top megawatts X XX,XXX Phase power square overview have of Phase purchased we in is is right what a building

ASIC III, So would we power would have powering basically it megawatts XX III X,XXX says the of but basically there, everything -- Phase done, is miners. be Phase when

Ronny Yakov

are work. So on electrical we completion and Phase basically, X of still about the the

and all much time in the very consuming the together. We to put work have all electrical components the place

Patrick Smith

Ronny, sorry. Go I'm ahead,

Ronny Yakov

around to as produce bitcoin cost everybody up. are lately, Our a prices would see, $X,XXX. be And going can

Patrick Smith

Tennessee. too, thing That's is X all facility like is building. have The I'd actually picture in machines. the to we of our stress a this inside are Selmer, These

into number source So slide. of how but a there is for just of kind it the companies our ready I of years. This and that that is power works. go go overview want ready network. just to the right We very now, we're a a DMint is have to $X.XXXX to in we goes This show basically, place electricity machines all locked mining good, hour, which into is [indiscernible] them the Bitcoin the is it the X how megawatt quick from have an the are go. that do the the will cost around to completed. This running once next power small the just and spin-off for overview to And of update. is so shows of

we're off we've dividend before, dividends an actually appropriate receive now. done spun will to the We've with the and OLB 'XX, the completed of the stand-alone 'XX the the compared the the done, audit. shareholders XXXX is shareholders. shares. filed SEC QX. everything S-X QX, the comments to the SEC, Once complete and share it's -- share, DMint's also with stated we've the addressing We Once and QX As

Ronny Yakov

Well, in the BlackXXX June. did we acquisition that

excited extremely are acquisition. We this about

believe with and locations we connections community. said already. those would owners is subscribing cards point business, to that next year. Like brand's Wireless, that this we these that of today. initiatives BlackXXX.com to are The We to to the an to turning strong additional into the of sale things. the of additional initiatives. Bodegas. prepaid card itself our adding actions to earlier, would issue core Since revenues plan into We marketing and save society that underbanked card. The those offers implementing already have to the underbanked plan that's offering certain Black individual for And beginning we we products increase are implement we that cost we're something And the the are we of owners and

One we it's is card. the also itself, be any this and going be of into them believe OMNY big is card pretty to universal, sell a much card pretty useful card locations. as OMNY OMNY The transportation can entry additional good well. much

Patrick Smith

the QX On numbers over just some this, of the financials. let's for go

was did million to million increase XX%. that, I'd the in came was in And XXXX, at transaction the is Last X time for year increase like of same see had $X.XX this You did for revenue too, for time processing. same $X.X from shows we talk can revenue thing an our of the about we period million. $X.XX our though, -- $X.XX QX million that to $X.XX majority QX The compared which same year, we million. processing. In of

current revenue So have out and in and filed processing. adjusted going is And the of a in that something of Again, did run of is again, had $XX.X Total amortization million. that a million. SEC sales QX the price adjusted seen mining. loss we're running which net around -- $XX the not the we loss The right stock We stock is have a valuation EBITDA all do a to on we working why the quarter reason on the we -- is of on for this with right that we of to that listed. net of XX% on It a the had we'd comments have with some we're you've increase EBITDA the expansion and due debt. X.X depreciation majority the to DMint DMint payments the we of That the now Bodegas. highlights. the will a including lot, The assets get million. new flow. To numbers, transaction now, the be processing innovation dividend, books. sales $X,XXX ratio. That's Bitcoin footprint. have We're up S-X area any The the rate company, the positive just but in locations was which of about recap and here the process around wasn't the stress to OLB growth doesn't like we $XX,XXX, dividend -- cash have not to $X.X

We actually start adding buying and stock are the going up running thing. When look to ramping positions you actually building start ourselves. mining stock. insiders We on ourselves really And ramping the cells -- to we're street up having that are about and and to in-house those the telemarketing. the people next forward sales force the [indiscernible] in goes

Ronny Yakov

a will think I the conclude we with questions mean presentation. few I online. And we see this,

the adding do and decide something we debt DMint off today, good of as locations has standalone that's really this yet. happen we we it place. How depends do this cost expanding some or debt of And for purchase that to are X,XXX we additional plan have. Estimated acquire the many market bitcoin on company probably equity is What after financing see. we're off raise? We phase. with choice shareholders to in acquisition? sort operation if to not or have financing And the miners, or it's me entire the the also onboarded really the company. in We did depends as if the it point, we'll this... all the the services get spin the spin Bodegas mining or electricity acquire condition, since going at -- best after a Let It

Patrick Smith

we're of has goes think worldwide $X,XXX which that that Bitcoin it cost. Bitcoin Ronny. network I rate, the one, can catch the answer is The what our rate miners price run that increases on different $X,XXX is catch mine a and to costs to X up, to of more showing reason

we of network something the just Bitcoin That's part how So that's not works. that it control and can ourselves.

has the electricity Our stayed same.

our adding we that a electricity show not But catch network for revenue, actually we to number change. So to our Bitcoin are is the revenue. in Bitcoin rate of going conservative

Ronny Yakov

Bodegas. We that value Next Bodegas. million was question We should mentioned to we're value common $XX guys kind providing industry anywhere that. to mean building running the sales up DMint between with revenues are mentioned we first things to do Xx are and is, already expect is What revenues. and fair that. If you is alone. we sell before you be the to million $XX XX,XXX never itself, of X,XXX, repeatedly mentioned is the force valued services OLB the in starting of OLB it the XX,XXX to have That onetime alone? I

a to announce for to funding that soon separation, very So we'll stay we X,XXX of $X the growth looking and is is the to end will startup. pushing growth value a the are get company. Will fair And questions, We're That of growth year? we're that possible. What to end for as miners as revenues as We're best is they with board. companies to up stand-alone constantly a we're expect by and that are is on going a going approach. We're to still million has trying our there company for happy be no from any us. If creating going The bring both to once the do the line revenues that start-ups we we're and there's reason plan more X away soon of ventures? don't finish already answer. for trying this, them bring funding. to funding the get to expenses that be

Patrick Smith

think and across it insiders after period, release we now, own Right are got restricted earnings. will we're in our [indiscernible] of I -- are say and from our certain amount end days we blackout buying? we've What

we're now, locked up. right still So

Ronny Yakov

we So myself. intentions [indiscernible] have to buy definitely,

Patrick Smith

Correct.

Ronny Yakov

that we will if months yesterday that your case. What got see being back they're have confidence to just get have first between the compliant We to much this questions. a in basically by point, the from that? DMint another January? At it is of is allowing want -- does be are of confidence level to us How time X anywhere into complete any compliance letter more that based cash of NASDAQ? We X on company is I going [indiscernible] one. What mean, that this to the end the answer comments. to We X hand? Patrick, you is the of typically the on got the get and we're just rounds SEC. comments everything we And

Patrick Smith

Cash is as $X.X today on around million. of hand

Ronny Yakov

another Bodegas the teams? Yes. years are everything updates is that be we up would I increasing mean, definitely applications us. all that -- that is We the mean well. Any mean also I it's season teams, from from ago, a now I a [indiscernible] of as by scratch couple for and product. successful saw of the itself. expecting running year and the on beginning baseball baseball Yes, revenues as

Patrick Smith

here of thing stadiums, venues. about really they're Ronny, considered add I'd stadiums, event One more not that, just baseball the it's baseball

just that baseball, do nature. more concerts of and things they it's also than So

Ronny Yakov

you There's works like include buy that a do think can another don't the don't seems to anyone valuation? I [indiscernible] think it that Would us [indiscernible], question. that. buyback to give that on take think shares. this I given you like will

X,XXX will DMint if miners better running not money. Will be buy it if we X,XXX X,XXX the shares we valuation share with would So that own price million, the don't the spinoff of before, think this are miners properties about assets hurt. running. about It hurt have. I have because miners? it's also just and of It's be $XX our source the happens would all

XXXX? between of long now a and year. Is beginning any for EBITDA there machines it's about not guidance next So run. running It's

Patrick Smith

know give want just right when which is DMint will now don't want going think guidance. to EBITDA I we affect EBITDA. don't to is -- because split that don't the off, exactly I to I

know we that going don't time is So what happen. exactly to

-- we giving on So we're at time don't guidance not this that.

Ronny Yakov

to like And would everyone for I taking will thank conclude. the I time.

presentation Thanksgiving. be And You'll to thank Powerpoint online see able tomorrow. a you, and from everyone, happy this

Patrick Smith

you day. for great a Have Thank time. Thanks. your

The OLB Group, Inc. (OLB) 15 Nov 232023 Q3 Earnings call transcript