MOGO - Mogo stock climbs 4% after boosting Q4 FY2022 revenue outlook

November, 10 2021 09:28 AM Mogo Finance Technology Inc.

Mogo (NASDAQ:MOGO) stock jumps 3.9% in premarket trading after boosting its guidance for Q4 and FY2022. The company now expects Q4 revenue growth of 110-115% Y/Y in subscription and services revenue vs. its previous guidance of 100-110% growth. Sees FY2022 total revenue of C$75M-80M (~US$60M-64M), up from its prior range of C$70M-75M; compares with consensus of ~C$71M. Expects improving FY2022 adjusted EBITDA as a percentage of revenue. For Q3, Mogo's total member base increased ~64% Y/Y to 1.77M members at Sept. 30, 2021; MogoCard transaction volume surged 915% Y/Y; payment processing volume rose 65% Y/Y to C$2.4B. Q3 revenue of C$15.4M, topping consensus of C$14.2M, increased from C$9.77M in the year-ago quarter. Q3 GAAP loss per share of C$0.135 compared with GAAP EPS of C$0.035 a year ago. Adjusted core net loss of C$5.6M widened from C$5.1M in Q2 2021. Conference call at 3:00 PM ET. Earlier, Mogo Finance Technology beats on

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Mogo stock climbs 4% after boosting Q4, FY2022 revenue outlook

Company Name:	Mogo Finance Technology Inc.
Stock Symbol:	MOGO
Market:	NASDAQ
Website:	mogo.ca

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