Mogo

Mogo Reports Results for Q4 & FY 2023

Retrieved on: 
Wednesday, March 20, 2024
Technology, Finance, Security, Fintech, Banking, Other Technology, Electronic Commerce, Professional Services, Software, Bitcoin, Cloud, Growth, Mogo, Inc., CFO, Acceleration, Carta Worldwide, Carta, International, Artificial intelligence, Oracle Cloud, Share repurchase, Webcast, Toronto Stock Exchange, Table, Net, Statistics, TSX, Investment, Treasury, Analysis, Payment, Cryptocurrency

Q4 2023 gross profit of $11.5 million (67% margin), versus $11.7 million (68% margin) in Q4 2022.

Key Points: 
  • Q4 2023 gross profit of $11.5 million (67% margin), versus $11.7 million (68% margin) in Q4 2022.
  • Adjusted EBITDA1 increased to $2.7 million in Q4 2023 (16.0% margin), up from $2.1 million (12.8% margin) in Q3 2023 and $0.2 million (1.4% margin) in Q4 2022.
  • Net income (loss) improved to income of $8.5 million in Q4 2023, compared with net loss of $74.9 million in Q4 2022.
  • Adjusted net loss1 decreased to $2.6 million in Q4 2023 from adjusted net loss of $5.4 million in Q4 2022.

Mogo to Participate in the KBW Fintech & Payments Conference

Retrieved on: 
Wednesday, January 24, 2024
Fintech, Professional Services, Finance, TSX, Conference, Mogo, Inc.

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), one of Canada’s leading financial technology companies, today announced that it will be participating in the KBW Fintech & Payments Conference taking place from February 27-29, 2024 in New York.

Key Points: 
  • Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), one of Canada’s leading financial technology companies, today announced that it will be participating in the KBW Fintech & Payments Conference taking place from February 27-29, 2024 in New York.
  • Mogo management will be participating in one-on-one meetings throughout the event.
  • Investors can access a copy of Mogo’s presentation following the conference from the Company’s investor relations site.

Mogo Reports Results for Q3 2023

Retrieved on: 
Thursday, November 9, 2023
Software, Finance, Banking, Professional Services, Technology, Electronic Commerce, Fintech, Security, Cloud, CAD, OCI, EDT, International, EBITDA, Net, Carta, Share repurchase, Mogo, Oracle Cloud, Carta Worldwide, Growth, Inc., Webcast, Analysis, CFO, Table, Investment, TSX, Cryptocurrency, Retail, Bank, Video game, Insurance, Adjustment, Snowflake

Adjusted EBITDA1 reached $2.1 million in Q3 2023 (12.8% margin), up from an Adjusted EBITDA loss of ($2.8) million in Q3 2022.

Key Points: 
  • Adjusted EBITDA1 reached $2.1 million in Q3 2023 (12.8% margin), up from an Adjusted EBITDA loss of ($2.8) million in Q3 2022.
  • Adjusted net loss1 improved to ($2.6) million in Q3 2023 from ($8.4) million in Q3 2022.
  • Net loss decreased to ($9.5) million in Q3 2023, compared with net loss of ($20.0) million in Q3 2022.
  • Mogo will host a conference call to discuss its Q3 2023 financial results at 3:00 p.m. EDT on November 9, 2023.

EQS-News: Eleving Group S.A.: Eleving Group sees strong appetite from existing and new investors – Public Offer continues until 20 October 2023

Retrieved on: 
Thursday, October 26, 2023
CIS, ISIN, HK Mogo, The Elevation Group, News, SEB, EUR, Minto Group, Security (finance), Cryptocurrency, Central Europe, Mogo, Swedbank

As reported, Eleving Group has offered a bond exchange to existing Mogo AS 2021/2024 bondholders from 26 September to 13 October 2023.

Key Points: 
  • As reported, Eleving Group has offered a bond exchange to existing Mogo AS 2021/2024 bondholders from 26 September to 13 October 2023.
  • Based on the exchange orders submitted, the company informs that slightly above 50% of the Mogo AS 2021/2024 bondholders will exchange their Latvian notes.
  • Given that the new bonds are issued with an international ISIN, this has created technical obstacles in the exchange offer for a certain number of existing bondholders.
  • The initial Mintos offering includes high-yield Fractional Bonds, with Eleving Group as the underlying bond issuer, offering an interest rate of 13%.

Click IPO in association with Tradestation finally gives South Asian investors the opportunity to invest in US IPO's

Retrieved on: 
Tuesday, September 19, 2023
IPO, Alpha, Rage, Mogo, MGAM, TradeStation, Security (finance), Esports

Recently, a few Esport IPO's have come to market with an incredible surge in both demand and price for shares in these companies.

Key Points: 
  • Recently, a few Esport IPO's have come to market with an incredible surge in both demand and price for shares in these companies.
  • Now, South Asian investors will also have a chance at purchasing IPO shares of yet another Esport company offering shares on the US NASDAQ stock market.
  • Shares of EBET are up 33.36% premarket to $48.57 vs. the IPO pricing mark of $6.00 per share.
  • Now, Click IPO is expected to be offering the next Esport stock and its shares to the public within the next few weeks on its app.

Mogo Files Early Warning Report

Retrieved on: 
Saturday, August 26, 2023
Technology, Professional Services, Other Technology, Finance, Exercise, Treasury, Toronto Stock Exchange, Arrangement, Attention, Report, Acquisition, National instrument, TSX, News, Security (finance), Coinsquare, Mogo

This news release is issued by Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”) pursuant to the early warning requirements of Canada’s National Instrument 62-104 and National Instrument 62-103 with respect to common shares (“WonderFi Shares”) of WonderFi Technologies Inc. (“WonderFi”), a reporting issuer in each of the Provinces and Territories of Canada with a head office at 341-110 Cumberland St., Toronto, Ontario, M5V 3V5.

Key Points: 
  • This news release is issued by Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”) pursuant to the early warning requirements of Canada’s National Instrument 62-104 and National Instrument 62-103 with respect to common shares (“WonderFi Shares”) of WonderFi Technologies Inc. (“WonderFi”), a reporting issuer in each of the Provinces and Territories of Canada with a head office at 341-110 Cumberland St., Toronto, Ontario, M5V 3V5.
  • Mogo acquired the WonderFi Shares as consideration for the acquisition by WonderFi of all of the common shares of Coinsquare under the Arrangement, including the common shares of Coinsquare held by Mogo.
  • The WonderFi Shares beneficially owned by Mogo represented approximately 13% of the WonderFi Shares issued and outstanding as of August 11, 2023 (as disclosed in WonderFi’s August 11, 2023 management’s discussion and analysis).
  • An early warning report (the “Report”) disclosing the Arrangement in respect of Mogo will be filed on WonderFi’s SEDAR+ profile at www.sedarplus.ca and can be obtained from Mogo at its head office 516-409 Granville St, Vancouver, BC, V6C 1T2, attention: Christy Cameron, or phone: 604.659.4380.

Mogo Launches Normal Course Issuer Bid on TSX

Retrieved on: 
Monday, August 21, 2023
Media, Professional Services, Fintech, Payments, Technology, Digital Cash Management, Digital Assets, Other Communications, Digital Marketing, Other Professional Services, Communications, Content Marketing, Other Technology, Mogo, TSX, Share repurchase, Toronto Stock Exchange, Inc., Auction

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”) today announced that, in addition to the Company’s existing common share buyback program launched on the NASDAQ in March 2022 (the “NASDAQ Bid”), the Company has received approval from the Toronto Stock Exchange (the “TSX”) to commence repurchasing its common shares on the TSX pursuant to a normal course issuer bid (the “NCIB”, together with the NASDAQ Bid, the “Bids”).

Key Points: 
  • Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”) today announced that, in addition to the Company’s existing common share buyback program launched on the NASDAQ in March 2022 (the “NASDAQ Bid”), the Company has received approval from the Toronto Stock Exchange (the “TSX”) to commence repurchasing its common shares on the TSX pursuant to a normal course issuer bid (the “NCIB”, together with the NASDAQ Bid, the “Bids”).
  • Under the Bids, Mogo may purchase up to 2,183,000 common shares, representing approximately 10% of the public float of Mogo’s outstanding common shares at a March 21, 2023, which was 21,839,774 common shares on such date.
  • Purchases under the Bids will be made through the facilities of the TSX, NASDAQ, other designated exchanges or any Canadian or US alternative trading system, if eligible.
  • This is in addition to the common shares that Mogo may currently purchase per day under the NASDAQ Bid, the maximum of which is approximately 25,000.

Mogo Extends Innovative Marketing Agreement with Postmedia to End of 2024

Retrieved on: 
Friday, August 11, 2023
Digital Marketing, Payments, Media, Marketing, Content Marketing, Communications, Technology, Digital Cash Management, Digital Assets, Exercise, CFO, TSX, Growth, Inc., News, Security (finance), Mogo, Postmedia Network

Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced that it has amended its marketing collaboration agreement with Postmedia Network Inc. (“Postmedia”) and extended the agreement until December 31, 2024.

Key Points: 
  • Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced that it has amended its marketing collaboration agreement with Postmedia Network Inc. (“Postmedia”) and extended the agreement until December 31, 2024.
  • Postmedia is a Canadian news media company representing more than 130 brands across multiple print, online, and mobile platforms.
  • Postmedia reaches 17.4 million Canadians each month across its platforms.
  • “Postmedia has been a valuable partner to Mogo and we’re pleased to extend the marketing agreement with them until the end of 2024,” said Greg Feller, President & CFO of Mogo.

Mogo Reports Results for Q2 2023 and Share Consolidation

Retrieved on: 
Thursday, August 10, 2023
Technology, Finance, Security, Fintech, Banking, Electronic Commerce, Professional Services, Software, Data Management, Carta Worldwide, Inc., International, Table, Coinsquare, EDT, Net, Financial Accounting Standards Board, EBITDA, Investment, Analysis, Consolidation, Webcast, CFO, ISIN, TSX, CUSIP, Growth, Letter, Cryptocurrency, Beauty salon, Security (finance), Accounting, Airline, Share (finance), Mogo, Adjustment

As a result of these initiatives, total operating expenses for Q2 2023 decreased by $8.1 million, or 38%, compared to Q2 2022.

Key Points: 
  • As a result of these initiatives, total operating expenses for Q2 2023 decreased by $8.1 million, or 38%, compared to Q2 2022.
  • Mogo reported a material improvement in Adjusted EBITDA1, which reached $1.8 million in Q2 2023, compared with an Adjusted EBITDA loss of ($4.1) million in Q2 2022.
  • Adjusted net loss1 improved to ($2.9) million in Q2 2023 from ($9.5) million in Q2 2022.
  • Mogo will host a conference call to discuss its Q2 2023 financial results at 3:00 p.m. EDT on August 10, 2023.

Tipalti Secures $150 Million in Growth Financing from JPMorgan Chase Bank and Hercules Capital

Retrieved on: 
Monday, May 15, 2023
AOL, Senior, General counsel, Moneycorp, JPMorgan Chase, Fintech, Stikeman Elliott, Perla, Oracle, Government, OFX, Automation, Investment, Risk, Growth, Mogo, FXCM, CFO, Chase Bank, Kerio Technologies, HP, NYSE, J. P. Morgan, Management, Cryptocurrency, Bank, Tipalti, Silicon, Apple

FOSTER CITY, Calif., May 15, 2023 /PRNewswire/ -- Tipalti, the leading global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC). Coming on the heels of a $270 million Series F in 2021 that brought the company's total funding to over $550 million, this latest raise will enable Tipalti to further invest in product innovation and supporting its customers.

Key Points: 
  • "Hercules Capital prides itself on being the partner of choice for innovative entrepreneurs and companies and Tipalti not only fits this mold, it breaks it," said Catherine Jhung, Senior Managing Director at Hercules Capital.
  • "Tipalti is seeing tremendous growth as more and more companies adopt our platform to automate their finance operations," said Sarah Spoja, CFO of Tipalti.
  • This transaction also extends the relationship between JPMorgan Chase Bank and Tipalti.
  • Since 2016, JPMorgan Chase Bank has served as one of the three major global banks Tipalti uses to route billions of dollars worth of supplier payments each month on behalf of its customers.