Mogo Inc Stock Price, News & Analysis

Mogo Inc. (NASDAQ:MOGO) announced the participation of President Greg Feller in the BTIG Digital Assets Conference taking place on September 19-20, 2022. Mogo is set for a virtual fireside chat on September 20 at 11:30 AM ET, along with one-on-one meetings throughout the event. Mogo provides innovative financial technology solutions aimed at enhancing financial health for over 2 million members through offerings like the Mogo app, which includes a digital spending account, bitcoin trading, and personal loans.

Mogo Inc. (NASDAQ:MOGO) will participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 13-14, 2022, in New York. President Greg Feller is set to present on September 13 at 4:00 PM ET and will engage in one-on-one investor meetings. Following the conference, a webcast of Mogo's presentation will be available on the company's investor relations site. Mogo, a leading Canadian fintech, provides digital solutions to over 2 million members, including a spending account, cryptocurrency trading, credit monitoring, and investment services.

Mogo Inc. reported a Q2 2022 revenue of $17.3 million, marking a 27% year-over-year increase. Its member base surged 18% to reach 2 million. The company implemented cost-saving measures, reducing operating expenses by 14% from Q1 2022. Despite a net loss of $51.9 million, driven by non-cash charges, adjusted EBITDA loss improved by 25% to $4.1 million. Mogo expects revenue growth of 10-15% in 2023 and aims to achieve adjusted EBITDA positivity by Q4 2023, supported by cash and investments totaling $122 million.

Mogo Inc. (TSX:MOGO) will host a conference call and webcast to discuss its Q2 2022 financial results on August 11, 2022, at 3:00 p.m. ET. The call will be led by CEO David Feller and CFO Greg Feller. Financial results will be released prior to the market opening on the same day. Mogo is a leading financial technology company in Canada, serving 1.9 million members with various digital financial solutions, including the Mogo app for digital spending, crypto trading, and investment services.

The annual general meeting of shareholders for Mogo (NASDAQ:MOGO) was conducted online, where all proposed resolutions were approved. Key outcomes included the election of directors, the re-appointment of KPMG LLP as auditors for the next year, and the renewal of the stock option plan. A total of 29,013,586 votes were cast, representing 37.8% of total shares. Significant votes included David Feller receiving 84.72% approval for his director position. The complete voting results are available in the management information circular dated May 24, 2022.

Mogo Inc. (NASDAQ:MOGO) will participate in the 17th Annual Needham Technology & Media Conference from May 16-19, 2022. President Greg Feller is scheduled to present virtually on May 18 at 10:15 am ET. Investors can arrange one-on-one meetings through Needham & Company and access the live presentation on Mogo’s investor relations website. Mogo is a leading financial technology firm in Canada, offering digital solutions like the Mogo app for managing finances, trading stocks, and carbon offsetting.

Mogo reported a record Q1 2022 revenue of $17.3 million, up 51% year-over-year, and record gross profit of $12.3 million, up 30%. Member growth reached 1.94 million, a 62% increase. Despite strong revenue, adjusted EBITDA loss widened to $5.5 million, and net loss grew to $18.9 million. Mogo updated its 2022 guidance, now anticipating revenue growth of 20% to 25% (down from previous estimates). The company is set to enhance its offerings with MogoTrade, aiming to capture a larger market share.

Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO), a leader in financial technology, has announced a conference call on May 12, 2022, at 3:00 p.m. ET to discuss its Q1 2022 financial results, with a live webcast featuring a slide presentation. The financial results will be issued prior to market open on the same day. Mogo has empowered 1.9 million members with digital solutions, including a prepaid card, cryptocurrency trading, and personal loans. The upcoming call will provide insights into Mogo’s financial performance and future outlook.

Mogo Inc. (TSX:MOGO) has achieved a significant milestone by planting one million trees in collaboration with veritree, promoting climate action alongside financial well-being.

This initiative allows MogoCard users to plant a tree with every purchase, successfully planting trees in Canada and Kenya.

Mogo aims to help Canadians achieve financial freedom while addressing climate change through initiatives like their commission-free trading app, MogoTrade.

The initiative not only supports reforestation but also seeks to mitigate climate impacts, demonstrating a commitment to sustainability.