OLB Group Announces Financial Results for Third Quarter, 2024 [Yahoo! Finance]
The OLB Group, Inc. (OLB)
Company Research
Source: Yahoo! Finance
mining enterprise, announced today its financial results for the three and nine months ending September 30, 2024. Investors can access the complete Third Quarter Report on Form 10-Q at https://app.ir365connect.com/htmlcontent/cik/1314196/id/79bce168-3391-4a6c-a5d5-cafa777ba986/file/ea0211052-10q_olbgroup.htm Key Financial Highlights for Q3 2024 Year to date revenue of $10,101,258. Revenue of $3,083,922 million for the quarter. Net loss of $1,630,258. Net loss per basic and diluted common share is $0.92. The decrease in revenue during the period was a direct result of write-off of the CDB portfolio at the end of 2023. Merchants in the acquired portfolio were removed due to improper initial underwriting discovered after the acquisition. The matter is the subject of ongoing litigation with both FFS Data Corp., the seller, and Clear Fork Bank, the underwriting bank. Key Business Highlights and updates for Q3 2024 Rebranding the business and adding new products and services
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News
- OLB Group Announces New Product, MOOLA Pay, a Mastercard Pre-Paid Card Providing Banking Services to the Unbanked and Underbanked Community [Yahoo! Finance]Yahoo! Finance
- OLB Group Announces New Product, MOOLA Pay, a Mastercard Pre-Paid Card Providing Banking Services to the Unbanked and Underbanked CommunityAccesswire
- OLB Group Rebrands Subsidiary Serving the Unbanked and Underbanked as "MOOLA CLOUD" [Yahoo! Finance]Yahoo! Finance
- OLB Group Rebrands Subsidiary Serving the Unbanked and Underbanked as "MOOLA CLOUD"Accesswire
- OLB Group Announces Financial Results for Third Quarter, 2024 Accesswire
OLB
Sec Filings
- 11/18/24 - Form PRE
- 11/14/24 - Form SC
- 11/14/24 - Form 10-Q
- OLB's page on the SEC website