Mogo Reports First Quarter 2022 Financial Results
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Business Wire
Record Q1 revenue of $17.3 million, up 51% year over yearRecord gross profit of $12.3 million, up 30% year over yearMember base increases 62% year over year to 1.94 millionCompany provides updated outlook for 2022Mogo reports in Canadian dollars and in accordance with IFRS VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced its financial and operational results for the first quarter ended March 31, 2022.“We delivered 51% revenue growth and record quarterly gross profit while approaching 2 million members on the Mogo platform, up 62% from this time last year,” said David Feller, Mogo’s Founder and CEO. “During periods of market volatility, the recurring nature of our revenue base – roughly 95% recurring – continues to serve us well. Looking ahead, we remain as committed as ever to bringing Canadian consumers the best tools and products to help them achieve
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MOGO
News
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- Mogo to resume share repurchases under NASDAQ buyback programBusiness Wire
- Mogo Inc. (NASDAQ: MOGO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $8.00 price target on the stock.MarketBeat
- Mogo Reports Results for Q4 & FY 2023Business Wire
MOGO
Sec Filings
- 4/4/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/21/24 - Form 6-K
- MOGO's page on the SEC website