The earnings call highlighted strong progress towards profitability with increased guidance for EBITDA, anticipated positive adjusted net income, and significant improvements in cash flow and user satisfaction. However, challenges remain with the impact of the new interest rate cap and a sequential decline in interest revenue.

Company Guidance

During the Mogo Q3 2024 earnings call, the company provided guidance indicating a strong focus on achieving sustainable profitability while continuing to invest in growth opportunities. Mogo raised its 2024 EBITDA guidance and introduced an EBITDA target for 2025, projecting a 69% growth at the midpoint of the range. The call highlighted Mogo's strategic priority of improving efficiency, with plans to achieve positive adjusted net income for 2025, a first in the company's history. The wealth platform showed promising progress, with a unique approach combining behavioral science and value investing principles. Additionally, Mogo emphasized its partnership with FinChat.io to enhance its offering with AI-driven insights. The company also reported significant cash flow improvements and maintained a solid financial position, with a Rule of 40 performance reaching 24% in Q3 2024. The guidance underscored Mogo's intention to balance growth with profitability, preparing for a potential positive turnaround in its lending business in 2025, alongside continued expansion in wealth and payments sectors.

Raised 2024 EBITDA Guidance

Raised 2024 EBITDA guidance and introduced 2025 guidance implying 69% growth at the midpoint.

Positive Adjusted Net Income Forecast

For the first time, the company expects to achieve positive adjusted net income in 2025.

Wealth Platform Growth

Significant progress in the wealth platform, with a focus on unique value propositions in a massive market.

Payments Volume Increase

Carta Worldwide saw a 23% increase in payments volume to $3 billion, with a $12 billion annual run rate.

Cash Flow and Profitability Improvement

Adjusted cash flow from operations was a record $4.8 million in Q3, up 85% year-over-year.

Net Promoter Score Increase

NPS score for new users improved from negative 25 to positive 59 over the last 2 years.

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Mogo Finance Technology (TSE:MOGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:MOGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2019	2019 (Q2)	- / -0.66	-0.81	18.52% (+0.15)	―	―
Nov 07, 2019	2019 (Q3)	- / -0.63	-0.731	13.82% (+0.10)	―	―
Mar 27, 2020	2019 (Q4)	- / -0.57	-0.66	13.64% (+0.09)	―	―
Jun 03, 2020	2020 (Q1)	- / -0.66	-0.642	-2.80% (-0.02)	―	―
Aug 11, 2020	2020 (Q2)	- / -0.09	-0.66	86.36% (+0.57)	―	―
Nov 10, 2020	2020 (Q3)	- / 0.03	-0.63	104.76% (+0.66)	―	―
Mar 23, 2021	2020 (Q4)	- / -0.30	-0.57	47.37% (+0.27)	―	―
May 13, 2021	2021 (Q1)	-0.47 / -0.30	-0.66	54.55% (+0.36)	―	―
Aug 11, 2021	2021 (Q2)	-0.37 / -0.48	-0.09	-433.33% (-0.39)	―	―
Nov 10, 2021	2021 (Q3)	-0.44 / -0.42	0.03	-1500.00% (-0.45)	―	―

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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TSE:MOGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	C$1.34	C$1.48	+10.45%
Aug 08, 2024	C$1.67	C$1.84	+10.18%
May 09, 2024	C$2.46	C$2.46	0.00%
Mar 20, 2024	C$2.92	C$2.61	-10.62%

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 (TSE:MOGO) report earnings?

Mogo Finance Technology (TSE:MOGO) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.

What is Mogo Finance Technology (TSE:MOGO) earnings time?

Mogo Finance Technology (TSE:MOGO) earnings time is at Mar 19, 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 TSE:MOGO EPS forecast?

TSE:MOGO EPS forecast for the fiscal quarter 2024 (Q4) is -0.07.

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