MOGO Earnings Prediction
The chart below shows how MOGO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MOGO sees a -2.02% change in stock price 10 days leading up to the earnings, and a -4.29% change 10 days following the report. On the earnings day itself, the stock moves by +2.61%. This data can give you a slight idea of what to expect for the next quarter's release.
MOGO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
12.43M
6.86%
38.99%
Gross Margin
--
--
--
Operating Margin
-45.48%
-1.88%
-58.94%
Net Margin
-65.26%
-20.13%
-52.75%
EPS
-0.33
-13.16%
-35.29%
No Data Available
MOGO Earnings Analysis
Mogo Inc. Common Shares Corporation (MOGO.O) Earnings Conference Call
Positive
EBITDA Guidance Increase: 1. Increased EBITDA Guidance: Mogo raised its adjusted EBITDA guidance for 2024 to $6 million to $7 million, up from the previous guidance of $5 million to $6 million, indicating strong operational performance.
Record Cash Flow Growth: 2. Record Cash Flow from Operations: Adjusted cash flow from operations reached a record $4.8 million in Q3, up 85% from the same period last year, showcasing significant improvement in cash generation.
Payments Volume Surge: 3. Strong Growth in Payments Volume: Carta Worldwide reported a 23% year-over-year increase in payments volume to $3 billion in the quarter, indicating robust growth in this segment.
Positive Net Income Outlook: 4. Positive Adjusted Net Income Guidance: For the first time in its history, Mogo expects to achieve positive adjusted net income for 2025, reflecting a strong shift towards profitability.
Customer Satisfaction Improvement: 5. Improved Net Promoter Score: Mogo's Net Promoter Score improved from negative 25 to positive 59 over the last two years, indicating increased customer satisfaction and loyalty.
Negative
Interest Revenue Decline: 1. Declining Interest Revenue: Interest revenue increased by only 5% year-over-year but decreased sequentially, indicating a cautious approach to loan originations amid a rising rate environment.
Revenue Growth Deceleration: 2. Lower Revenue Growth Guidance: Subscription services revenue growth is expected to decelerate from approximately 10% in 2024 to high single digits in 2025, reflecting a prioritization of profitability over growth.
Ongoing Financial Challenges: 3. Adjusted Net Loss: Despite improvements, the adjusted net loss for Q3 was $500,000, which, while down from $1.5 million in Q2, still indicates ongoing financial challenges.
Rate Cap Effects on Lending: 4. Impact of Rate Cap on Lending: The new rate cap, lowering the maximum APR from 47% to 34%, is expected to create near-term pressure on the lending business, potentially limiting growth opportunities.
Crypto Investment Volatility: 5. High Exposure to Crypto Volatility: Approximately 42% of Mogo's share value is tied to crypto-related investments, which can be subject to significant market fluctuations and regulatory uncertainties.
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MOGO Earning Call Sentiment
Mogo Inc (MOGO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MOGO.O
-4.17%Positive
The earnings call highlights strong financial performance, including a significant increase in payments volume, subscription revenue growth, and improved adjusted net loss, indicating progress towards breakeven. The Q&A section reveals management's focus on efficiency and profitability, with positive sentiment towards future growth opportunities, particularly in lending and crypto investments. Despite competitive pressures and potential challenges, the optimistic guidance and financial health suggest a positive stock price movement over the next two weeks.