Mogo Reports Results for Q2 2024
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Business Wire
Quarterly revenue of $17.6 million, up 10% year-over-yearAdjusted EBITDA1 increased sequentially to $1.4 million in Q2 2024Quarterly payments volume increased 12% year-over-year to $2.8 billionEnded Q2 with $41.5 million of cash, marketable securities & investments2Mogo reports in Canadian dollars and in accordance with IFRS VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced its financial and operational results for the second quarter ended June 30, 2024.“During the second quarter, we generated 10% revenue growth and solid profitability while continuing to invest in meaningful improvements to our wealth platform,” said David Feller, Mogo’s Founder and CEO. “As part of our go to market strategy, we’ve also recently formed a key strategic partnership with Postmedia to launch a new wealth section designed to help educate Canadians on the pitfalls of existing solutions in th
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News
- Mogo to Participate in the H.C. Wainwright 26th Annual Global Investment Conference [Yahoo! Finance]Yahoo! Finance
- Mogo to Participate in the H.C. Wainwright 26th Annual Global Investment ConferenceBusiness Wire
- Mogo Inc. (NASDAQ: MOGO) had its price target lowered by analysts at HC Wainwright from $8.00 to $6.00. They now have a "buy" rating on the stock.MarketBeat
- Mogo Inc. (MOGO) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Mogo Reports Results for Q2 2024 [Yahoo! Finance]Yahoo! Finance