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. (NASDAQ: MOGO; TSX: MOGO) regularly issues news updates as a digital wealth and payments business with a strategic Bitcoin treasury. Its press releases cover developments across its Intelligent Investing wealth platform, Carta Worldwide payments infrastructure, and its evolving capital allocation strategy anchored in Bitcoin and hard assets.
Recent news has included the announcement of a corporate name change to Orion Digital Corp., with the company explaining that this reflects its evolution into a founder-led, multi-engine digital finance platform operating across wealth, payments, and digital assets. Other updates have highlighted quarterly financial and operational results, including growth in wealth revenue, payments revenue, assets under management, and member counts, as well as disclosures about Adjusted EBITDA and other non-IFRS measures.
Investors following MOGO news can also see announcements about its Bitcoin treasury strategy, such as board-approved allocation frameworks and increases in Bitcoin holdings funded through excess cash and monetization of investments. The company has reported transactions involving its equity position in WonderFi Technologies Inc., describing partial and full monetizations and linking these to balance sheet strength and digital asset reserves.
Additional news items include participation in investor conferences, board appointments, warrant-related matters, and regulatory or corporate updates furnished via Form 6-K. This news page aggregates these releases so readers can review how Mogo communicates its progress in digital wealth, payments infrastructure, and Bitcoin-focused capital allocation over time.
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.
Mogo Inc. (NASDAQ:MOGO) will participate in the EF Hutton Annual Global Conference on May 15th in New York. The company's management will engage in one-on-one meetings to discuss recent progress and growth plans following a strong Q1 earnings report. Investors can access Mogo's presentation on the investor relations site.
Mogo Inc. announced the extension of its $60 million Credit Facility with Fortress Investment Group to January 2, 2026. The company sees this extension as a positive move that will provide resources and flexibility for its digital lending product.
Mogo Inc. (NASDAQ:MOGO) reported record quarterly revenue of $17.9 million, up 13% year-over-year, with total AUM increasing by 22% to over $400 million. The company also saw a 150% increase in MogoTrade assets year-over-year. Quarterly payments volume rose by 18% to $2.6 billion, and Mogo ended Q1 with $53.4 million in cash, marketable securities, and investments. Revenue growth reflects an acceleration in core products, with Subscription & Services revenue reaching $10.7 million, and improvements in efficiency seen through decreased operating expenses and a 23% increase in revenue per employee. Cash flow from operating activities surged by 2,609% to $1.8 million, and net loss improved to $3.6 million. Adjusted EBITDA was $1.0 million, and Mogo repurchased 17,093 shares in Q1. The company added Bitcoin & Bitcoin ETFs to its treasury management strategy. Business highlights include a growth in payments volume, assets under management exceeding $400 million, and the launch of Moka.ai and
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