Welcome to our dedicated page for Mogo news (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo stock.
Mogo Inc (MOGO) is a leading Canadian fintech innovator providing digital financial solutions focused on credit health, smart spending, and identity protection. This dedicated news hub aggregates official press releases and verified updates about the company’s strategic initiatives, financial performance, and product developments.
Investors and stakeholders will find timely information on quarterly earnings, partnership announcements, and technology innovations shaping Mogo’s position in the digital finance sector. The curated collection includes updates about its core offerings: digital lending platforms, credit score monitoring tools, and fraud prevention services.
Bookmark this page to stay informed about Mogo’s market movements, leadership updates, and regulatory filings. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Mogo Inc. (NASDAQ:MOGO) reported strong Q3 2024 results with notable growth across key metrics. Revenue increased 9% year-over-year to $17.7 million, while Subscription & Services revenue grew 12% to $10.7 million. Payment volume reached a record $3.0 billion, up 23% year-over-year. Assets under management increased 22% to $409 million. The company achieved $2.1 million in Adjusted EBITDA and raised its 2024 guidance. Notably, Mogo expects to achieve positive Adjusted Net Income in 2025 for the first time in its history, with projected Adjusted EBITDA of $10-12 million.
Mogo, a digital wealth and payments business listed on TSX and NASDAQ, has announced it will release its Q3 2024 financial results before market open on November 6, 2024. The company will hold a conference call and webcast at 12:00 p.m. ET on the same day, featuring a slide presentation. The call will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO. A replay of the call will be available until December 6, 2024.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital wealth and payments company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024 in New York. Key details include:
- Greg Feller, Mogo's President, will represent the company
- Mogo's presentation is set for September 9 at 2:30 PM ET
- The company will also engage in one-on-one meetings during the conference
- Investors can access a webcast of Mogo's presentation after the conference via the Events page on the company's investor relations site
This participation offers Mogo an opportunity to showcase its digital wealth and payments business to a global investment audience, potentially attracting new investors and partnerships.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) reported its Q2 2024 financial results, showing 10% year-over-year revenue growth to $17.6 million. The company's Adjusted EBITDA increased to $1.4 million, while quarterly payments volume rose 12% to $2.8 billion. Mogo ended Q2 with $41.5 million in cash, marketable securities & investments.
Key highlights include:
- Gross profit of $11.8 million
- Gross Margin increased to 67.5%
- Operating expenses remained stable at $13.1 million
- Positive cash flow from operating activities of $0.5 million
- Net loss of $12.4 million, primarily due to non-operating revaluation loss
Mogo also announced strategic partnerships with Postmedia and Thomas Lee of Fundstrat to enhance its wealth platform offerings.
Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO), a digital wealth and payments business, has announced it will hold a conference call and webcast to discuss its Q2 2024 financial results on Thursday, August 8, 2024 at 1:00 p.m. ET. The call will be hosted by David Feller, Mogo's Founder & CEO, and Greg Feller, President & CFO. The live webcast will include a slide presentation. Mogo will issue its financial results prior to market open on August 8. The conference call can be accessed via dial-in numbers (289) 514-5100 (Local) or (800) 717-1738 with Conference ID: 46724. A replay will be available until September 8, 2024. The live webcast can be accessed at http://investors.mogo.ca/.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) has announced a strategic partnership with Thomas Lee and FS Insight (FSI) to provide exclusive access to FSI's market-leading research for Mogo's digital wealth platform members. FSI, co-founded by top-ranked Wall Street analyst Tom Lee, offers institutional-quality research to individual investors. The partnership aims to give Mogo and Moka users an investing edge through access to subscription-based research, exclusive interviews, webinars, and appearances featuring Tom Lee and Mark Newton. Mogo will be the exclusive distributor of FSI's research to Canada's retail investor market, with the service set to launch this quarter.
Mogo Inc. (NASDAQ: MOGO; TSX: MOGO), a digital wealth and payments company, held its annual general meeting of shareholders via live audiocast. All resolutions proposed were approved, including the election of directors and the appointment of auditors.
The meeting had a participation of 9,604,178 votes, representing 39.17% of Mogo's outstanding shares as of May 29, 2024. The directors elected included David Feller with 95.24% of votes for, Gregory Feller with 92.12%, Alex Shan with 96.53%, Christopher Payne with 96.50%, Kees Van Winters with 96.58%, and Kristin McAlister with 93.56%.
KPMG LLP was re-appointed as the company's auditor with 99.27% of votes for.
Details of the voting results can be found in the company's management information circular dated May 29, 2024, available on SEDAR+.
Mogo has partnered with Postmedia Network to create an educational wealth content channel for Canadians. This channel aims to educate Canadians on investing, wealth accumulation, and financial management. Postmedia will host the channel on its Financial Post platform, reaching up to 17.8 million monthly users. Mogo will contribute educational content and tools, including a wealth calculator. Mogo will issue 500,000 warrants to Postmedia, entitling them to acquire Mogo shares at $2.15 each for three years, pending TSX approval.
Mogo, a digital wealth and payments company, announced its participation in the Jefferies Global FinTech Conference on June 12 & 13 in New York City. The event will gather public and private companies across the FinTech ecosystem, along with leading institutional, private equity, and VC investors. Greg Feller, Mogo's Co-founder & President, will engage in one-on-one meetings. Investors can access Mogo's presentation on the company's investor relations site.
Mogo has launched a unique self-directed investing app called 'Buffett Mode,' designed to combat speculative trading and align with the long-term investing principles of Warren Buffett. The app aims to help users focus on value investing by incorporating behavioral science techniques to interrupt speculative behaviors. This new feature encourages disciplined and patient investment strategies, promoting long-term wealth building instead of quick gains. Mogo offers a simple pricing model with a $15 monthly subscription, zero commission, and zero added FX fees. The app also excludes features that drive speculative trading, such as margin and options trading. Mogo's initiative aligns with its goal of promoting sustainable investment practices, emphasizing education, and driving positive environmental impacts by replanting Canadian forests.
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