MGO Global expects to report 400% increase in y/y revenue growth

MGO Global announced that following the Company’s review of its preliminary, unaudited financial results for the year ended December 31, 2023, the Company expects to report an approximate 400% increase in year-over-year revenue growth. These preliminary results are unaudited and subject to the completion of MGO’s financial reporting processes, reviews, audit and potential adjustments that might result. Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO, stated, “When we report our audited results, we expect to confirm that our 2023 revenue growth was due in large measure to the strong direct-to-consumer sales performance of our new Stand Flagpoles brand, complemented by higher sales of Messi Brand products marketed direct-to-consumers through The Messi Store. When reflecting on the mission critical objectives we set for ourselves in 2023 – completing our Initial Public Offering, commencing trading on Nasdaq, and investing in and executing on our plan to expand our portfolio of lifestyle brands, we take great pride in the progress our team has made. Now that 2024 is well underway, we look forward to demonstrating through performance and planned strategic initiatives our unwavering commitment to optimizing value creation for our fellow shareholders. To that end, we expect that 2024 will ultimately prove to be a very exciting and eventful year for MGO. Nonetheless, we recognize that there is much hard work ahead of us and we aim to deliver.” MGO expects to file its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the 12 months ended December 31, 2023 on or before April 1, 2024. At that time and in keeping with its quarterly practice, management plans to host a webcast to review the results.