Mogo (MOGO) Reports Q1 Revenues of $11.4M

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Go back to Mogo (MOGO) Reports Q1 Revenues of $11.4M

Mogo Reports First Quarter 2021 Financial Results

May 13, 2021 7:51 AM EDT

Third consecutive quarter of accelerating net member additions, up over 35% from Q4 2020

Second consecutive quarter of accelerating sequential growth in subscription & services revenue, up 32% from Q4 2020

Concurrently announces agreements to increase ownership in Canadas leading crypto trading platform, Coinsquare, to 37% while retaining a warrant to increase ownership up to 48%

Ended the quarter with over $120 million in cash and investments

Mogo reports in Canadian dollars and in accordance with IFRS

VANCOUVER, British Columbia--(BUSINESS... More