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Mogo Inc. (T:MOGO)

Business Focus: Consumer Lending (NEC)

Sector:  Financials Industry:  Consumer Lending
See Regulatory Filings on SEDAR
Company Contact
Address: 2100 - 401 West Georgia Street
Tel: 1-416-3478954
IR: See website
Key People
David Marshall Feller
Chairman of the Board, Chief Executive Officer, Founder
Gregory D. Feller
President, Chief Financial Officer, Director
Allan Smith
Chief People Officer
Philip Barrar
Chief Innovation Officer
Alice Davidson
Chief Legal Officer
Business Overview
Mogo Inc is a Canada-based financial technology company. The Company offers a financial health application that offers consumers with simple solutions to help them manage and control their finances. It allows users to sign up for a MogoAccount and get access to products, including free credit score monitoring, identity fraud protection, digital spending account with Platinum Prepaid Visa Card, digital mortgage experience, the MogoCrypto account, which enables the buying and selling of bitcoin, and access to smart consumer credit products through MogoMoney. The Company also provides digital payments solutions. Its subsidiaries include Carta Worldwide and Moka Financial Technologies Inc.
Financial Overview
For the six months ended 30 June 2022, Mogo Inc revenues increased 38% to C$34.5M. Net loss totaled C$70.7M vs. income of C$6.2M. Revenues reflect Canada segment increase of 40% to C$30.8M, Europe segment increase of 14% to C$3.4M. Net loss reflects FV/Uls Adjust on Derivatives for Hedging decrease from C$24.8M (income) to C$7M (expense), Equity Earnings -Before Taxes increase from C$2.9M to C$14.3M (expense).
Employees: 344 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $144.84M as of Jun 30, 2022
Annual revenue (TTM): $66.98M as of Jun 30, 2022
EBITDA (TTM): -$29.75M as of Jun 30, 2022
Net annual income (TTM): -$110.18M as of Jun 30, 2022
Free cash flow (TTM): -$47.77M as of Jun 30, 2022
Net Debt Last Fiscal Year: $47.11M as of Jun 30, 2022
Shares outstanding: 75,952,000 as of Aug 11, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization