The latest announcement is out from Mogo Finance Technology ( (TSE:MOGO) ).
Mogo Inc. reported a net income of $10.4 million for Q4 2024, with total revenue increasing by 5% to $71.2 million for the fiscal year. The company saw significant growth in its Wealth and Payments segments, with revenues increasing by 19% and 27% respectively in Q4. Mogo’s strategic focus on improving cash flow resulted in a 53% increase in cash flow from operations for the year. The company is positioning itself for long-term growth by intensifying investments in key areas, supported by a renewed and enhanced credit facility.
More about Mogo Finance Technology
Mogo Inc. is a digital wealth and payments company based in Vancouver, British Columbia. It focuses on providing innovative financial solutions through its Intelligent Investing platform, which combines Moka’s S&P 500 performance focus, Mogo’s active trading platform, and Finchat Pro’s research and analytics tools. The company is listed on NASDAQ and TSX under the ticker MOGO.
YTD Price Performance: -19.77%
Average Trading Volume: 64,539
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.71M
For a thorough assessment of MOGO stock, go to TipRanks’ Stock Analysis page.