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. 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.
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