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Mogo Inc - MOGO STOCK NEWS

Welcome to our dedicated news page for Mogo (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mogo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mogo's position in the market.

Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) expands its relationship with Snowflake, the Data Cloud company, to use it as the foundation for its Wealth products, allowing for the deployment of new AI applications. The expanded use of AI aims to reshape the investing landscape and help Canadians, especially Gen Z, to benefit from advancements in wealth-building. Mogo's digital wealth platform includes Mogo, a commission-free stock trading app, and Moka, which offers Canadians a real alternative to mutual funds and wealth managers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
AI
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Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) will be participating in the KBW Fintech & Payments Conference in New York from February 27-29, 2024. Mogo management will hold one-on-one meetings, and investors can access the company's presentation on its investor relations site.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
Tags
conferences
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Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announced that its portfolio company, WonderFi Technologies Inc. (TSX: WNDR), is one of the largest crypto exchange platforms in Canada, with over 1.6 million users and $1 billion in client AUC. Mogo holds ~87 million shares in WonderFi, which represents a ~13% ownership interest. WonderFi owns and operates leading digital asset businesses in Canada, including Bitbuy, Coinsquare, and SmartPay. Q4 2023 corporate highlights include combined client assets under custody exceeding $1 billion, $760 million in combined trading volumes, and over $180 million in crypto payment volumes. WonderFi achieved cash-flow positive operations on a consolidated basis during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
Tags
none
Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announces Carta Worldwide's 36% increase in payments volume to $9.9 billion for the 12 months ended December 31, 2023, driven by European expansion and significant investment in the platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
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Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announced that it repurchased and cancelled 474,353 common shares in 2023, in addition to 600,000 shares in 2022, representing 4.4% of the outstanding common shares. The company currently has 24.5 million common shares issued and outstanding. The average price for the shares repurchased on NASDAQ was US$1.82, and on TSX was CA$2.04. Mogo plans to remain active with its buyback programs due to the undervaluation of its business and its ownership in WonderFi, Canada’s regulated crypto exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
buyback
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News
Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) reported a 30% increase in payment volume to $2.4 billion and a revenue of $16.2 million for Q3 2023. The company's adjusted EBITDA reached $2.1 million, marking the 6th consecutive quarter of growth. Mogo's financial and operational results reflect a focus on cost efficiency and improving cash flow, positioning the company well for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Rhea-AI Summary
Mogo reaffirms its Financial Targets for FY 2023 and has repurchased 587,789 shares over the past 12 months. Q2 2023 financial highlights include a revenue of $16.0 million, gross profit of $11.9 million, and an improvement in Adjusted EBITDA to $1.8 million. Mogo's digital payment solutions business, Carta Worldwide, processed over $2.5 billion of payments volume in Q2 2023, a 51% increase compared to Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.84%
Tags
none
-
Rhea-AI Summary
Mogo Inc. will hold a conference call and webcast to discuss its Q3 2023 financial results on November 9, 2023 at 3:00 p.m. ET. The live webcast will include a slide presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.93%
Tags
earnings
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Rhea-AI Summary
Carta Worldwide has selected Oracle Cloud Infrastructure to accelerate innovation and support future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.92%
Tags
none
Rhea-AI Summary
Mogo Inc. to participate in Lytham Partners Fall 2023 Investor Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
conferences
Mogo Inc

Nasdaq:MOGO

MOGO Rankings

MOGO Stock Data

42.18M
21.22M
12.42%
15.7%
6.08%
Securities and Commodity Exchanges
Finance and Insurance
Link
Canada
Vancouver

About MOGO

mogo is a different kind of finance company. with canadians currently carrying record levels of debt, we’re here to help consumers push back. our goal is to save canadians $1 billion with our mogo card and range of mogo money loans. we don’t want you to spend more so we can make more money from your bad decisions. mogo wants you to spend smarter. that could mean spending less or it could simply mean borrowing money in different ways. we have a full range of personal loans to meet your financial needs, whatever they might be, including our recently introduced installment loan product mogoliquid. on signing up for a mogo account you have access to a range of mogo perks including a free prepaid visa card, free credit score and access to treats and events. check out our website mogo.ca for more information about what we offer and our latest blog posts on how to do more spend less. we’re based in vancouver, bc and are always looking for great talent. if you would like to join the te