OLB Group, Inc. Receivables

Receivables of OLB for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending December 30, 2020 was $356 Thousand (a -15.26% decrease compared to previous quarter)
  • Year-over-year quarterly Receivables decreased by -7.53%
  • Annual Receivables for 2020 was $356 Thousand (a -25.74% decrease from previous year)
  • Annual Receivables for 2019 was $479 Thousand (a 18.05% increase from previous year)
  • Annual Receivables for 2018 was $406 Thousand (a 1360.79% increase from previous year)
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Historical Receivables of OLB Group, Inc.

Most recent Receivablesof OLB including historical data for past 10 years.

Interactive Chart of Receivables of OLB Group, Inc.

OLB Group, Inc. Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $0.36 $0.42 $0.35 $0.39 $0.36
2019 $0.48 $0.48
2018 $0.41 $0.41
2017 $0.03

Business Profile of OLB Group, Inc.

Sector: Technology
Industry: Software—Application
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 softwares. In addition, it provides ecommerce development and consulting services. The company was incorporated in 1993 and is headquartered in New York, New York.