Mogo Inc. reports annual information for 2024

Published 01/04/2025, 18:52
Mogo Inc. reports annual information for 2024

VANCOUVER-based financial services company Mogo Inc. has filed its annual information form, as indicated in a recent 6-K submission to the U.S. Securities and Exchange Commission. The document, dated March 31, 2025, outlines the company’s performance and operational updates for the fiscal year ending December 31, 2024. The company, currently valued at $9.45 million in market capitalization, is scheduled to release its next earnings report on May 19, 2025.

Mogo Inc., previously known as Mogo Finance Technology (NASDAQ:MOGO) Inc., is recognized under the finance services industry with the classification code 6199. The company operates under the organization name 09 Crypto Assets, with its headquarters located at 2100-401 West Georgia Street, Vancouver. According to InvestingPro data, the company generated revenue of $75.39 million in the last twelve months, though it faces challenges with a current ratio of 0.49 and total debt of $30.16 million.

The Form 6-K, which serves as a report for foreign private issuers pursuant to rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934, indicates that Mogo Inc. will file annual reports under Form 20-F. The company’s president and chief financial officer, Gregory Feller, signed the document, thereby fulfilling the requirements of the Securities Exchange Act of 1934. For deeper insights into Mogo’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.

Mogo’s business address and mail address remain unchanged at the West Georgia Street location in Vancouver, providing consistency for stakeholders and partners.

This SEC filing is a routine disclosure that provides investors and regulatory bodies with insight into Mogo Inc.’s financial health and business operations for the specified period. The company’s commitment to transparency is evident through its compliance with SEC filing requirements.

The information for this article is based on the statements from the press release.

In other recent news, Enthusiast Gaming Holdings Inc. reported a significant drop in revenue for Q4 2024, with earnings falling to $17.8 million from $47.1 million in the same quarter the previous year. Despite the revenue decline, the company improved its adjusted EBITDA, achieving $1.9 million compared to a negative $3 million in Q4 2023, and increased its gross margin to 76%. The company also announced the discontinuation of its NFL Tuesday Night Gaming program due to unfavorable economics. Notably, the company’s cash balance at the end of the year was $4.8 million. Enthusiast Gaming did not provide specific revenue or EBITDA guidance for 2025 but expressed optimism about maintaining positive EBITDA for most of the year. Additionally, the company aims to expand its audience while maintaining high gross margins between 70-76%. The company’s CFO, Alex McDonald, highlighted the improved cost structure and revenue mix, describing 2024 as a transformative year for Enthusiast Gaming.

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