Mogo Finance Technology (TSE:MOGO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Mogo Finance Technology has reported a robust financial performance for Q4 and the full year of 2023, with a significant increase in payments volume by 36% and a 6% sequential rise in Q4 revenue to $17.2 million. The company also saw a staggering 1006% year-over-year increase in Q4 adjusted EBITDA, and ended the year solidly with $55.6 million in cash and investments, including $27.7 million in crypto-related investments. These results highlight Mogo’s successful focus on profitability and efficiency, alongside enhancing their digital wealth platform for users.
For further insights into TSE:MOGO stock, check out TipRanks’ Stock Analysis page.
