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Orion Digital Corp. Q4 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

Mogo Inc. Q4 and Full Year 2024 Earnings Summary

Prepared for investors – March 20, 2025 call

Key Financial Highlights (FY 2024 vs FY 2023)

  • Total revenue: $71.2 million, +9% year-over-year (driven by +16% wealth revenue and +21% payments revenue)
  • Adjusted EBITDA: $6.7 million (above midpoint of previously increased guidance), compared to $7.7 million in 2023
  • Net income: $10.4 million vs $8.5 million in the prior year
  • Cash, marketable securities and investments: $49.1 million at year-end, up from $36.2 million in Q3 2024
  • Cash flow from operating activities before loan receivables: +$14.5 million for the year (+53% YoY); total operating cash flow net of loan investments improved to -$1.3 million from -$9.2 million in 2023

Wealth Business Performance

  • Assets under management: $428 million, +22% year-over-year
  • Wealth revenue reached a $12 million annual run rate; Q4 revenue +19% year-over-year
  • Intelligent investing platform (Moka, Mogo, FinChat Pro) emphasized as core growth driver with AI-focused, investor-aligned model

Payments Business (Carta Worldwide)

  • Full-year revenue: $8.6 million, +21% year-over-year
  • Total payments volume: $11.5 billion, +16% year-over-year
  • Q4 revenue: $2.4 million (+27% YoY); TPV $3.2 billion (+14% YoY)

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Operator: Good morning, ladies and gentlemen, and welcome to Mogo Inc. Q4 2024 Financial Results Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Thursday, March 20, 2025. And I would now like to turn the conference over to Mr. Craig Armitage. Thank you. Please go ahead. Craig Armitage: Thank you, and good morning, everyone. Just a few quick 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. Company undertakes no obligation to update these statements, except as required by law. Information about the risks and uncertainties are included in Mogo’s Q4 and year-end filings as well as periodic filings with regulators in Canada and the U.S., which you’ll find on SEDAR, and you can – in EDGAR and you can access via the Investor Relations website as well. And lastly, today’s session will include several adjusted financial measures or non-IFRS measures. 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. There was some technical difficulty getting the slides uploaded. But for anyone on the webcast, you can download the slides t

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