Mogo Finance Technology (TSE:MOGO) has released an update.
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Mogo Finance Technology Inc. announced a strong start to 2024 with record Q1 revenues of $17.9 million, a 13% increase from the previous year, driven by growth in their core wealth and payment products. The company also saw a substantial 22% increase in total AUM, reaching over $400 million, with a significant 150% rise in MogoTrade Assets. Despite a modest net loss improvement to $3.6 million, the company boasts six consecutive quarters of positive cash flow from operating activities and a reduced operating expense, reflecting enhanced business efficiency.
For further insights into TSE:MOGO stock, check out TipRanks’ Stock Analysis page.
