09:52 AM EST - Mogo Inc. : Announced its financial and operational results for the fourth quarter and fiscal year ended December 31, 2021. Total revenue for Q4 2021 increased 70% over the comparable quarter in 2020 to a record $17.0 million, the third sequential quarter of accelerating growth. Total revenue for 2021 increased 30% to $57.5 million. Adjusted EBITDA loss of $3.7 million in Q4 2021, compared with positive Adjusted EBITDA of $1.1 million in Q4 2020, reflecting increased growth investments in the Company’s platform and products. Adjusted EBITDA loss of $11.1 million for 2021, compared to a gain of $11.6 million in 2020. Mogo Inc.
shares T.MOGO are trading up $0.39 at $3.47.
