Mogo Inc (MOGO) Q3 2024 Earnings Call Highlights: Strong Payments Growth and Raised EBITDA Guidance [Yahoo! Finance]
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Yahoo! Finance
Payments Business Growth: 20% year-over-year increase. Wealth Business Growth: Mid-teens year-over-year growth. Interest Revenue: Increased 5% year-over-year. Adjusted EBITDA: $2.1 million with a 12% margin. Rule of 40 Performance: Improved to over 24% in Q3 from 4% last year. Adjusted Cash Flow from Operations: Reached $4.8 million, up 85% year-over-year. Total Cash Flow from Operations: Positive $1.5 million in Q3 versus negative $4.2 million last year. Adjusted Net Loss: Reduced to $500,000 in Q3 from $1.5 million in Q2. Cash and Total Investments: $36 million at quarter end. Cash and Restricted Cash: Increased to $12.4 million from $11.3 million in Q2. Marketable Securities: $12.5 million. Investment Portfolio: $11.3 million. Subscription Services Revenue Growth (2024): Expected approximately 10% for the full year. Adjusted EBITDA Guidance (2024): Raised to $6 million to $7 million. Adjusted EBITDA Guidance (2025): $10 million to $12 million, a 69% inc
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- Mogo's Digital Payments Subsidiary Carta Worldwide Reports 23% Increase in Quarterly Transaction Volume to Record $3.0 Billion [Yahoo! Finance]Yahoo! Finance
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- Mogo Inc. (NASDAQ: MOGO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $6.00 price target on the stock.MarketBeat
- Mogo Reports Results for Q3 2024 and Expects Positive Adjusted Net Income for 2025 [Yahoo! Finance]Yahoo! Finance
- Mogo Reports Results for Q3 2024 and Expects Positive Adjusted Net Income for 2025Business Wire