Mogo Up 4.5% From Near 52 Week Lows On TSX As Reports Q3 Loss, But Raised 2024 Guidance and Expects Positive Adjusted Net Income For 2025

MT Newswires11-06

Mogo (MOGO.TO) was at last look up 4.5% from near 52 week lows early Wednesday on the TSX as it reported a loss for the third quarter on lower than expected revenues, but it raised 2024 guidance and ...

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Mogo projects adjusted EBITDA of $1","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4166":"消费信贷","MOGO":"Mogo Finance Technology Inc."},"translate_title":"Mogo在多伦多证券交易所较近52周低点上涨4.5%，报告第三季度亏损，但上调了2024年指引，并预计2025年调整后净利润为正","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MOGO":0.9},"content_text":"Mogo (MOGO.TO) was at last look up 4.5% from near 52 week lows early Wednesday on the TSX as it reported a loss for the third quarter on lower than expected revenues, but it raised 2024 guidance and said it expects positive adjusted net income for 2025.\n\n The company reported a Q3 2024 adjusted net loss of C$0.5 million on Wednesday, which was in line with last year's numbers. But according to Capital IQ an EPS normalized of $0.10 for the quarter beat its forecast.\n\n Revenue for the quarter that ended Sept. 30 was $17.7 million, up 9% year over year, but missed a consensus forecast of $18.05 million\n\n Mogo updated its 2024 outlook, forecasting subscription and services revenue growth of approximately 10% for the fiscal year and adjusted EBITDA between $6 million and $7 million, an increase from previous guidance of $5 million to $6 million. \n\n For fiscal 2025, Mogo forecasts high-single-digit subscription and services revenue growth, resulting in overall revenue growth. Mogo projects adjusted EBITDA of $10 million to $12 million, a 69% increase from the midpoint of both ranges. Mogo also expects to generate positive adjusted net income in 2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481083981"}