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Olb Group, Inc. (OLB)
:OLB
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 16, 2019
|% Change Since: -6.49%
|Next Earnings Date:Aug 23, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging year with significant financial losses and increased expenses, primarily due to impairments and legal issues. Despite these setbacks, the company maintains a positive outlook with revenue growth, no debt, asset strength, and expansion in distribution services. The spin-off of DMINT and potential new services in Bodega locations are also highlighted as future growth opportunities.Company Guidance
During the OLB Q4 2023 earnings call, the executives provided detailed guidance on the company's financial state and strategic initiatives. The company reported revenues of $30.6 million, marking a slight increase from $30.4 million in 2022, while operating expenses surged to $54 million from $39 million, including a significant $13 million impairment. The net loss widened to $23.3 million compared to $8.2 million the previous year, resulting in a net loss per share of $0.65. Legal expenses rose by $1.3 million due to ongoing litigation with FFS and Clear Fork Bank, and SG&A expenses increased, primarily due to bank fees and the acquisition of Black011. The company maintained zero debt and $19 million in assets. A spin-off of DMINT is underway, expected to bring dividend distribution by the second quarter of 2024. The executives expressed optimism about expanding their sales team and adding services, despite recent challenges with the FFS portfolio and ongoing legal disputes, aiming to stabilize the company in Q1 2024.Revenue Growth
Revenue for 2023 was $30.6 million, a slight increase from $30.4 million in 2022, reflecting a 0.7% growth.
No Debt and Significant Assets
The company maintained zero debt and reported $19 million in assets.
Bodega Expansion
The company expanded its services to 1,800 distribution locations and plans to add more services, indicating potential revenue growth.
Positive Outlook on Spin-off
The spin-off of DMINT is active, with plans for a dividend distribution by the second quarter of 2024.
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OLB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $1.85 | $1.89 | +2.16% |
| Aug 15, 2024 | $2.00 | $1.90 | -5.00% |
| May 21, 2024 | $5.39 | $3.97 | -26.35% |
| Apr 15, 2024 | $5.57 | $4.80 | -13.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Olb Group, Inc. (OLB) report earnings?
Olb Group, Inc. (OLB) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Olb Group, Inc. (OLB) earnings time?
Olb Group, Inc. (OLB) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OLB EPS forecast?
Currently, no data Available
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