Mogo Announces Second Quarter 2019 Financial Results
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Mogo Finance Technology Inc. (MOGO) Reports Q2 Revenues of $16.4M
August 14, 2019 4:33 PM EDTMogo Finance Technology Inc. (NASDAQ: MOGO) reported Q2 revenue for the quarter came in at $16.4 million, versus $11.6 million reported last year.
Q2 2019 Financial Highlights
Core revenue (which now equals total revenue)1 increased by 41% to $16.4 million, compared with $11.6 million in the same period in 2018. Subscription and services revenue grew to $8.2 million, a 42% increase from the comparable quarter in 2018. Gross profit increased 5% to $10.4 million (63% of revenue), compared with $9.9 million (64% of revenue) in the second quarter of 2018.Contribution decreased by 4% year over year to $5.4 million, representing a 33% margin. The... More