Brief: Mogo Reports Third Quarter 2021 Financial Results

Orion Digital

10/11/2021 12:09

Nov 10 (Reuters) - Mogo Inc  MOGO.TO :
    * MOGO REPORTS THIRD QUARTER 2021 FINANCIAL RESULTS
    * QTRLY TOTAL REVENUE INCREASES 58% YEAR OVER YEAR TO $15.4
MILLION
    * 126% YEAR OVER YEAR GROWTH IN Q3 SUBSCRIPTION AND SERVICES
REVENUE TO $9.5 MILLION
    * TOTAL MEMBER BASE INCREASED BY APPROXIMATELY 64%, FROM
1,074,000
TO 1,766,000 MEMBERS AS AT SEPT 30, 2021
    * EXPECT YEAR OVER YEAR GROWTH OF 110% TO 115% IN
SUBSCRIPTION AND
SERVICES REVENUE IN Q4 2021 AS COMPARED TO Q4 2020
    * EXPECT TOTAL REVENUES OF $75 MILLION TO $80 MILLION IN
FISCAL
YEAR 2022
    * EXPECT IMPROVING ADJUSTED EBITDA AS A PERCENTAGE OF
REVENUE IN
FISCAL YEAR 2022

Source text for Eikon:  ID:nBw9nGpFGa 
Further company coverage:  MOGO.TO 

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