Mogo Announces Fourth Quarter & Full-Year 2019 Financial Results & Provides Update Related to COVID-19
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: PR Newswire
Mogo surpasses 1 million members Full-year Core Revenue increases 33% to $47.2 millionFull-Year Adjusted EBITDA up 73% to $7.2 millionCompany taking immediate cost reduction initiatives to accelerate path to positive cash flow Mogo reports in Canadian dollars and in accordance with IFRS VANCOUVER, March 27, 2020 /PRNewswire/ - Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) ("Mogo" or the "Company"), one of Canada's leading financial technology companies, today announced its financial and operational results for the fourth quarter and full-year ended December 31, 2019. The Company also commented on the impact of the COVID-19 pandemic on its business and operations and management's plans to address the current economic uncertainty. "Now more than ever, financial stress is a huge issue for Canadians, and in 2019 we made progress improving our technology platform, products and user experience to help our members improve their financial health," said David Feller, Mogo's Founder and CEO. "Our focus
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