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 ProfessionalContinue Reading
Unlock the full earnings call transcript with speaker labels and formatted dialogue.
Upgrade to Professional