OLB Group, Inc. Cost of Revenue

Cost of Revenue of OLB for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending December 30, 2020 was $2.05 Million (a 0.93% increase compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue decreased by -11.96%
  • Annual Cost of Revenue for 2020 was $8.21 Million (a -9.03% decrease from previous year)
  • Annual Cost of Revenue for 2019 was $9.03 Million (a 13.76% increase from previous year)
  • Annual Cost of Revenue for 2018 was $7.94 Million (a 1357.7% increase from previous year)
  • Twelve month Cost of Revenue ending December 30, 2020 was $8.21 Million (a -1.57% decrease compared to previous quarter)
Trailing Cost of Revenue for the last four month:
30 Dec '20 29 Sep '20
$8.21 Million $8.34 Million
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Historical Cost of Revenue of OLB Group, Inc.

Most recent Cost of Revenueof OLB including historical data for past 10 years.

Interactive Chart of Cost of Revenue of OLB Group, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $2.05 $2.03 $1.82 $2.32 $8.21
2019 $2.18 $9.03
2018 $7.94
2017 $0.54
2016 $0.02

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.