OLB Group Announces Financial Results for First Quarter, 2024 [Yahoo! Finance]
The OLB Group, Inc. (OLB)
Company Research
Source: Yahoo! Finance
cryptocurrency mining enterprise announced today its financial results for the First Quarter ending March 31, 2024. Investors can access the complete First Quarter 10-Q Key Financial Results for Q1 2024 as Compared to Q1 2023 Revenue was $3.5 million for the quarter, compared to $6.6 million in the prior year's quarter. Net loss increased to $2.9 million compared to $2.6 million in the prior year's quarter. Adjusted EBITDA was ($1.2) vs $752 K in the prior year's quarter. Net loss per basic and diluted common share decreased by $0.03 to ($0.14) for the quarter vs. ($0.17) in the prior year quarter. The decrease in revenue was largely the result of the closure of the merchant portfolio that was acquired from FFS Data Corp. in the fourth quarter of 2021.The removal of the merchants is the subject of ongoing litigation with FFS Data Corp and Clear Fork Bank. Key Business Highlights for Q1 2024 The Company regains compliance with Nasdaq minimum bid price requirement for co
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OLB
News
- OLB Group to Present at 2024 Maxim Fintech Virtual Symposium on June 25 [Yahoo! Finance]Yahoo! Finance
- OLB Group to Present at 2024 Maxim Fintech Virtual Symposium on June 25Accesswire
- OLB Group Chairman and CEO Issues Open Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
- OLB Group Chairman and CEO Issues Open Letter to ShareholdersAccesswire
- OLB Group Announces Financial Results for First Quarter, 2024Accesswire
OLB
Sec Filings
- 6/20/24 - Form S-3
- 5/20/24 - Form 10-Q
- 5/20/24 - Form 8-K
- OLB's page on the SEC website