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Stock impact report

Mogo Reports Results for Q1 2024 [Yahoo! Finance]

Mogo Inc. - Common Shares (MOGO) 
Company Research Source: Yahoo! Finance
Total AUM increased 22% year-over-year to over $400 million (MogoTrade Assets up 150% year-over-year) Quarterly payments volume increased 18% year-over-year to $2.6 billion Ended Q1 with $53.4 million of cash, marketable securities & investments Mogo reports in Canadian dollars and in accordance with IFRS VANCOUVER, British Columbia, May 09, 2024 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 first quarter ended March 31, 2024. "As we focused on increasing the profitability and efficiency of the business last year, we were also hard at work driving improvements to our digital wealth platform which resulted in the relaunch of the Moka and Mogo apps during the first quarter." said David Feller, Mogo's Founder and CEO. "The vast majority of Canadians are nowhere close to being on a path to retirement, and a lot of this is due to investing products Show less Read more
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