Brief: Mogo Reports Second Quarter 2022 Financial Results

Orion Digital

11/08/2022 15:21

Aug 11 (Reuters) - Mogo Inc  MOGO.TO :
    * MOGO REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS
    * ANNOUNCES REMOVAL OF WAITLIST FOR MOGOTRADE
    * DURING QUARTER, MOGO IMPLEMENTED COST SAVING INITIATIVES
TO
ACCELERATE PATH TO PROFITABILITY
    * SEES FY REVENUE UP 20 TO 25 PERCENT
    * QTRLY REVENUE OF $17.3 MILLION, UP 27%
    * MOGO - DURING QUARTER, IMPLEMENTED A COST SAVINGS PLAN
THAT
REDUCED OPERATING EXPENSES BY 14% IN Q2 2022 COMPARED TO Q1 2022
    * Q2 REVENUE VIEW C$17.4 MILLION -- REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW C$-0.59, REVENUE VIEW
C$71.0
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3sbK3Ga 
Further company coverage:  MOGO.TO 

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