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Mogo Finance Technology (MOGO)
NASDAQ:MOGO
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -15.89%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted growth in revenue, cash position, and assets under management, with a strategic shift towards wealth and payments segments. However, the exit from the institutional brokerage business, decline in interest revenue, and cautious lending approach were notable negatives. Overall, the highlights and lowlights were balanced.Company Guidance
During the Mogo Inc. Q4 2024 Financial Results Conference Call, the company provided a comprehensive update on its financial performance and strategic outlook. In 2024, Mogo achieved a 9% increase in revenue, reaching $71.2 million, largely fueled by a 16% rise in wealth revenue and a 21% increase in payments revenue. Adjusted EBITDA for the year was $6.7 million, aligning with the middle of the company's guidance range. The company reported $49.1 million in cash, marketable securities, and investments at year-end, up from $36.2 million in Q3. Assets under management in the wealth segment grew 22% year-over-year to $428 million, while payments revenue hit $8.6 million with a 16% increase in total payments volume to $11.5 billion. Looking forward, Mogo projects 20-25% growth in wealth revenue and mid to high teens growth in payments for 2025. The company is strategically exiting its institutional brokerage operations to focus on high-margin areas and extended its credit facility to 2029 with lower interest rates.Revenue Growth in 2024
Mogo Inc. grew revenue by 9% to $71.2 million in 2024, with a 16% increase in wealth revenue and a 21% increase in payments revenue.
Strong Cash and Investments Position
The company ended 2024 with $49.1 million in cash, marketable securities, and investments, an increase from $36.2 million in Q3.
Assets Under Management Growth
Assets under management in the wealth segment grew 22% year-over-year, reaching $428 million.
Payments Volume Increase
Payment volume processed increased by 16% year-over-year to $11.5 billion.
Subscription Services Revenue Growth
Subscription services revenue increased by 11% year-over-year.
Positive Net Income
The company reported a positive net income of $10.4 million for Q4 2024.
Strategic Focus on High-Growth Areas
Mogo is focusing on scaling wealth and payments segments, with projected revenues expected to grow by 20%-25% and mid to high teens, respectively, in 2025.
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MOGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MOGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $1.07 | $0.96 | -10.28% |
| Nov 06, 2024 | $0.97 | $1.07 | +10.31% |
| Aug 08, 2024 | $1.20 | $1.26 | +5.00% |
| May 09, 2024 | $1.80 | $1.79 | -0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mogo Finance Technology (MOGO) report earnings?
Mogo Finance Technology (MOGO) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Mogo Finance Technology (MOGO) earnings time?
Mogo Finance Technology (MOGO) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MOGO EPS forecast?
MOGO EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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