Mogo Announces First Quarter 2019 Financial Results
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: PR Newswire
Core Revenue up 57% year over year to $16.4 Million Subscription & Services Revenue Grows 68% year over year to $8.3 MillionAdjusted EBITDA Increases 639% year over year to a quarterly record $2.2 MillionMogo reports in Canadian dollars and in accordance with IFRS VANCOUVER, May 14, 2019 /PRNewswire/ - Mogo Finance Technology Inc. (TSX:MOGO) (NASDAQ:MOGO) ("Mogo" or the "Company"), a digital challenger to Canada's banks, today announced its financial and operational results for the first quarter ended March 31, 2019. "Fast-growing fintechs are challenging legacy banks globally, using technology to transform the user experience and introduce better products – with dramatically lower fees – that help consumers improve their financial health," said David Feller, Mogo's Founder and CEO. "That's our driving mission at Mogo, and we're off to an excellent start in 2019 as we continue to enhance Canada's leading mobile-first digital platform. This year, we continue to focus on improvements t
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