MGO (MGOL)
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MGO (MGOL) - 2023 Q3 - Quarterly Report
2023-11-14 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-41592 MGO GLOBAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...
MGO (MGOL) - 2023 Q2 - Earnings Call Transcript
2023-08-17 21:55
Financial Data and Key Metrics Changes - Total revenues for Q2 2023 increased to $1.95 million, up 1,914% from approximately $97,000 in Q2 2022, surpassing total revenue for the entire year of 2022 [4] - For the first half of 2023, revenue increased 1,067% to $2.29 million from $196,000 in the first half of 2022 [24] - Net loss for the first half of 2023 was approximately $2.5 million or $0.18 loss per share, compared to a net loss of $1.23 million or $0.12 loss per share in the first half of 2022 [9] - Cash on hand as of June 2023 was $4.13 million, with working capital of $4.39 million and no long-term debt [29] Business Line Data and Key Metrics Changes - Revenues from the Stand Flagpole line totaled $1.72 million for Q2 2023, marking the first full quarter of results for this new business [5] - Sales of Leo Messi branded apparel, accessories, and homewares rose 134% and 164% for Q2 and the first half of 2023, respectively [24] Market Data and Key Metrics Changes - The global market for flagpoles is expected to exceed $3.77 billion over the next five years, driven by increased demand during the upcoming election year [16] Company Strategy and Development Direction - The company is focused on managing working capital and deploying resources to generate positive impacts for shareholders [12] - MGO aims to build a family of digital e-commerce brands and is assessing new brand concepts for long-term viability [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating rising interest rates and economic uncertainty while focusing on revenue growth and sustainable profitability [11][18] - The company is excited about the digital commerce industry's potential and believes it is well-positioned to capitalize on market changes and growth opportunities [30][31] Other Important Information - The company incurred costs of approximately $210,928 associated with becoming publicly traded in January 2023 [8] - The increase in operating expenses for the first half of 2023 was largely due to workforce expansion and increased sales and marketing expenses [27] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.
MGO (MGOL) - 2023 Q2 - Quarterly Report
2023-08-14 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-41592 MGO GLOBAL INC. (Exact name of registrant as specified in its charter) Delaware 87-3929852 (State or othe ...
MGO (MGOL) - 2023 Q1 - Quarterly Report
2023-05-15 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-41592 MGO GLOBAL INC. (Exact name of registrant as specified in its charter) Delaware 87-3929852 (State or oth ...
MGO (MGOL) - 2022 Q4 - Annual Report
2023-03-31 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-41592 MGO GLOBAL INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...