Mogo Inc. Common Shares - MOGO STOCK NEWS

Mogo Inc. (NASDAQ:MOGO) reported Q3 2022 revenue of $17.3 million, a 12% increase year-over-year. The company is restructuring to prioritize profitability, with total operating expenses down 25% from Q1 2022. However, gross profit fell 11% to $10.8 million, resulting in a net loss of $20.0 million, worsened by non-cash losses and share losses in affiliates. Mogo expects 2022 revenue guidance of $68 to $69 million, slightly lower than previous projections. The member base grew to 2.06 million, and cash and investments stand at $106 million.

Mogo Inc. (TSX:MOGO, NASDAQ:MOGO) will host a conference call and webcast discussing its Q3 2022 financial results on November 10, 2022, at 3:00 p.m. ET. The event will feature Mogo's Founder & CEO David Feller and President & CFO Greg Feller. Financial results will be released before market opening on the same day. Investors can participate via dial-in or live webcast available on Mogo's investor website.

Mogo is a leading financial technology company in Canada, providing innovative digital solutions including personal loans, commission-free stock trading, and credit monitoring services.

Mogo Inc. (NASDAQ:MOGO) received a notification from Nasdaq on October 28, 2022, stating that its share price has been below the minimum US$1.00 requirement for continued listing for the past thirty business days. This notification does not affect the trading of Mogo shares, which will continue to be traded on Nasdaq and the Toronto Stock Exchange.

The company has until April 26, 2023 to regain compliance by closing at or above US$1.00 for ten consecutive business days. Mogo plans to monitor its share price closely during this period.

Mogo Inc. (NASDAQ:MOGO) announced that its 34% owned subsidiary, Coinsquare, has received regulatory approval from IIROC to operate as Canada’s first crypto-only registered investment dealer. This move enhances Coinsquare's compliance and oversight, positioning it for growth. Mogo will wind down its bitcoin product, MogoCrypto, but plans to expand crypto trading within the MogoTrade app in the future. While the current regulatory landscape limits MogoCrypto, the company remains committed to offering crypto investment options to its users.

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.