BitcoinMiningStock.io is now Ziven.io. Here's why.

Orion Digital Corp. Q1 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

Mogo Q1 2024 Earnings Summary

  • Record Revenue: $17.9 million, +13% YoY vs. Q1 2023, with accelerating growth for the second straight quarter and no major marketing spend yet.
  • Assets Under Management: Exceeded $400 million.
  • Adjusted EBITDA: Positive $1 million, flat vs. Q1 2023; OpEx held flat YoY while revenue grew 13%.
  • Cash Flow: Positive $1.8 million from operations (before loan book investment), sixth consecutive quarter.
  • Adjusted Net Loss: $4 million, roughly flat vs. $3.9 million in Q1 2023.
  • OpEx Efficiency: Total OpEx down ~50% since early 2022.
  • Balance Sheet: ~$53 million in cash, restricted cash, marketable securities, and investments (including $28 million marketable securities and $11.6 million investment portfolio).
  • Member Base: 2.1 million; current consumer ARPU ~$27/year with potential to expand significantly via new pricing.

Business Pillar Updates

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good afternoon, ladies and gentlemen, and welcome to the Mogo Q1 2024 Financial Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, May 9, 2024. I would now like to turn the conference over to Craig Armitage, Investor Relations. Please go ahead. Craig Armitage: Thank you, operator, and good afternoon, everyone. Thanks for joining us today. Just a few notes before we get started. Today’s call will contain forward-looking statements that are based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company undertakes no obligation to update these statements, except as required by law. Information about the risks and uncertainties are included in Mogo’s Q1 filings as well as periodic filings with regulators in Canada and the United States which you’ll find on SEDAR, EDGAR and you can access to the investor – the Mogo Investor Relations website as well. Secondly, today’s session will include several adjusted financial measures such as – or non-IFRS measures, excuse me. Please consider these as a supplement to and not a substitute for the IFRS measures. You’ll see that we’ve included reconciliations to those in the press release and in the investor deck. And with that, I’ll turn it over to Dave Feller to get us started. Dave? Dave Feller: Thanks, Craig. Good afternoon, and welcome to Mogo’s first quarter fiscal 2024 results call. I’m joined today

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional