Mogo Inc. Common Shares - MOGO STOCK NEWS

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

Mogo Inc. (TSX:MOGO) will announce its Q1 2024 financial results on May 9, 2024, with a conference call hosted by CEO David Feller and CFO Greg Feller. The live webcast will include a slide presentation, and financial results will be issued prior to market open. Details for the conference call and webcast are provided.

Mogo congratulates WonderFi and KAOS Capital on their cooperation agreement and expresses support for the nomination of three new directors. The Company views this as a positive step towards realizing the growth potential of WonderFi as the only fully-regulated crypto exchange in the Canadian market. Mogo has entered into a mutual standstill agreement with WonderFi and has agreed to sell up to 20 million of its WonderFi shares over time. The Company will also maintain one seat on WonderFi's board and has granted KAOS a right of first refusal over the same shares Mogo may sell.

Mogo reiterates support for KAOS Capital's call for change at WonderFi, expressing disappointment in WonderFi's board for attacking its largest shareholders instead of addressing operational and governance issues.

Mogo Inc. nominates Christopher Payne as a director for WonderFi Technologies Inc., expressing support for a new slate of directors. Mogo, WonderFi's largest shareholder, emphasizes the need for a fundamental transformation of the board. The company has invested over $100 million in WonderFi and seeks to enhance its position as a regulated crypto exchange in Canada.

Mogo Inc. announces the resumption of share repurchases under its buyback program on NASDAQ after releasing Q4 & FY 2023 financial results. The Company repurchased 474,353 common shares in 2023 at an average price of $2.36 per share. Including previous repurchases, Mogo has bought back 1,074,353 shares to date, representing 4.4% of outstanding shares. The Company aims to enhance long-term shareholder value by repurchasing undervalued shares.

Mogo Inc. (MOGO) reports a 36% increase in payments volume to $9.9 billion, Q4 revenue of $17.2 million, and Adjusted EBITDA of $2.7 million. The company ended the year with $55.6 million in cash and investments, including $27.7 million in crypto-related investments. Mogo focuses on profitability and efficiency, with plans to accelerate marketing efforts in 2024 to enhance user experience and financial freedom for Canadians.