Core Viewpoint - Mogo Inc. has applied to extend the expiry date of 77,778 common share purchase warrants issued to Postmedia Networks Inc. as part of a marketing collaboration agreement [1] Group 1 - The warrants are currently set to expire on September 20, 2023 [1]

Core Insights - Mogo Inc. has appointed Joanna Floyd to its Board of Directors, enhancing its leadership team with her extensive experience in global financial services [1] Company Overview - Joanna Floyd has a strong background in organizational leadership and talent management, having previously worked at Bain Capital and Lehman Brothers [1] - She began her career in mergers and acquisitions at Deutsche Bank, indicating a solid foundation in financial operations [1] - Currently, she serves as Partner and COO of Th, further showcasing her leadership capabilities [1]

Summary of Mogo Conference Call - August 19, 2025 Company Overview - **Company**: Mogo (Ticker: MOGO) - **Industry**: Fintech, focusing on wealth management and cryptocurrency Key Financial Highlights - **Q2 Results**: - Positive net income of CAD 13.5 million [3] - Wealth revenue increased by 48% year-over-year [3] - Payments revenue grew by 23% [3] - Adjusted EBITDA margin of 11% [3] - Book value of CAD 81.6 million, approximately CAD 3.41 per share [3] - Cash and securities investments exceeding CAD 50 million [3] Strategic Focus - **Unique Positioning**: Mogo aims to combine high-growth fintech with a Bitcoin treasury strategy, targeting a 50/50 balance between wealth management and Bitcoin investments [3][11] - **Bitcoin Treasury Program**: - Launched in 2020, Mogo was one of the first public companies to adopt Bitcoin on its balance sheet [4] - Recent monetization of investment in WonderFi, a crypto exchange, with proceeds of nearly CAD 30 million expected from its acquisition by Robinhood [4] - **Intelligent Investing Platform**: - Subscription-based model designed to promote long-term wealth building through disciplined investment behavior [5] - Focus on attracting retail investors who have previously lost money in speculative trading [5][16] Regulatory and Market Opportunities - **Crypto Trading Approval**: Mogo is pursuing full regulatory approval for crypto trading, potentially becoming the second company in Canada to offer both crypto and equities trading [6][7] - **Payments Business**: - Carta Worldwide, focused on Europe, is experiencing organic growth of 15% in volume and over 20% in revenue [8] - Migration to Oracle Cloud to enhance scalability and cost efficiency [8] Market Trends and Consumer Behavior - **Wealth Management**: - Targeting the younger generation, with CAD 3 trillion in assets currently in underperforming mutual funds in Canada [14] - Emphasis on long-term investment strategies over speculative trading [15] - **Consumer Shift**: - Increasing disillusionment among retail investors with speculative platforms, leading to a search for more stable investment options [15][16] Financial Health and Future Outlook - **Balance Sheet Strength**: - Strong cash position with CAD 50 million in cash and investments, primarily from the WonderFi stake [10] - Ongoing stock buybacks due to perceived undervaluation [10] - **Investment Strategy**: - Mogo's investments will be benchmarked against Bitcoin returns, reinforcing a disciplined investment approach [11] Conclusion - Mogo is positioned to capitalize on the growing demand for integrated wealth management and cryptocurrency services, with a strong focus on regulatory compliance and consumer education. The company's dual compounding strategy aims to leverage both fintech growth and Bitcoin investments to drive long-term value for shareholders.

Financial Data and Key Metrics Changes - The company reported a net income of $13.5 million, with revenue growing by 48% year over year and payments up by 23% [4][19] - Adjusted EBITDA margin expanded to 11.4%, and the company was cash flow positive [4][21] - Book value increased to $81.6 million, or $3.41 per share, with cash and marketable securities totaling over $50 million [4][22] Business Line Data and Key Metrics Changes - Wealth AUM reached $462 million, up 18% year over year, with wealth revenue increasing by 48% [8][19] - The payments business processed $2.8 billion in volume, flat year over year, but core European business grew by 15% when excluding Canadian operations [17][19] Market Data and Key Metrics Changes - The company is focusing on the European market for payments, where it has seen significant growth [17] - The exit from the Canadian market was strategically aligned with focusing on higher growth opportunities in Europe [17] Company Strategy and Development Direction - The company is building a unified AI-native platform for long-term investors, emphasizing behavioral discipline over trading activity [9][10] - A dual compounding strategy is being implemented, integrating Bitcoin into the product stack across wealth, lending, and payments [5][26] - The company aims to become one of only two regulated platforms in Canada to offer both crypto and equities [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of the business, citing strong unit economics and a robust balance sheet [22][23] - The company is strategically positioned in a market with long-term tailwinds and believes the market cap will close as it continues to execute its strategy [22][23] Other Important Information - The company has expanded its Bitcoin treasury strategy, deploying $1 million into a Bitcoin ETF and planning further investments [6][24] - The company is exploring partnerships to execute its crypto strategy while navigating the regulatory process [35][36] Q&A Session Summary Question: How does the company prioritize Bitcoin accumulation versus reinvestment in business verticals? - Management stated that they plan to do both, using Bitcoin as a hurdle rate for investments in core business [31][32] Question: What is the company's appetite for potential M&A to accelerate growth? - Management is open to strategic M&A opportunities but emphasizes that any acquisition must meet their hurdle rate for returns [33][34] Question: What is the timeline for the crypto trading initiative and required investments? - The regulatory process is expected to take a minimum of six months, with some investment needed but not considered massive due to existing infrastructure [35][36] Question: How does the company view the lending business moving forward? - Management sees lending as a profitable cash flow-generating business that will support growth in wealth and payments, but it is not the primary focus [39][40]

Core Viewpoint - Mogo Inc reported quarterly earnings of $0.4 per share, significantly exceeding the Zacks Consensus Estimate of a loss of $0.07 per share, marking an earnings surprise of +671.43% [1] Financial Performance - Mogo's revenues for the quarter ended June 2025 were $12.24 million, surpassing the Zacks Consensus Estimate by 6.60%, although this represents a decline from $12.83 million in the same quarter last year [2] - Over the last four quarters, Mogo has consistently surpassed consensus EPS estimates four times and revenue estimates three times [2] Stock Performance - Mogo shares have increased approximately 20.6% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $11.54 million, and for the current fiscal year, it is -$0.21 on revenues of $46.68 million [7] Industry Context - The Technology Services industry, to which Mogo belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Market Overview - The three major U.S. stock indexes closed lower last week, with the Dow Jones Industrial Average down 1%, the S&P 500 down 0.3%, and the Nasdaq Composite down 0.1% [1] - The market pullback was influenced by renewed U.S. tariff threats, particularly higher levies on Canada and the European Union, raising concerns about economic growth and inflation [2] Earnings Performance - Despite tariff concerns, many investors focused on strong earnings reports from airlines and consumer stocks, indicating a resilient economy [2] - The second-quarter earnings season is critical for assessing the impact of tariffs on corporate profits [3] Zacks Research Performance - Mogo Inc. shares surged 81.8% since being upgraded to Zacks Rank 2 (Buy) on May 8, significantly outperforming the S&P 500's 11.1% increase [4] - ATI Inc. also saw a 32.6% return since its upgrade to Zacks Rank 2 on May 6, compared to the S&P 500's 10.7% increase [5] - A hypothetical portfolio of Zacks Rank 1 (Strong Buy) stocks returned +6.51% in May 2025, outperforming the S&P 500's +4.47% [5] Zacks Recommendations - Amarin Corporation and European Wax Center shares increased by 62.6% and 49.9%, respectively, after being upgraded to Outperform on May 12, against the S&P 500's 10.5% rise [8] - The Zacks Focus List portfolio returned 8.84% in 2025 (through June 30) compared to the S&P 500's +6.21% [12] Portfolio Performance - The Zacks Earnings Certain Admiral Portfolio (ECAP) returned +3.20% in Q1 2025, outperforming the S&P 500's -4.30% decline [16] - The Zacks Earnings Certain Dividend Portfolio (ECDP) returned +5.74% in Q1 2025, compared to the S&P 500's -2.41% [20] - The Zacks Top 10 Stocks portfolio delivered +11.8% year-to-date through June 2025, outperforming the S&P 500's +6.2% [22] Long-term Performance - Since 2004, the Zacks Focus List portfolio has produced an annualized return of +11.60%, compared to +10.22% for the S&P 500 [15] - The Top 10 portfolio has generated a cumulative return of +2,246.8% since 2012, significantly outperforming the S&P 500's +502.3% [24]

Company Overview - Mogo Inc (MOGO) currently has a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - MOGO shares have increased by 78.86% over the past week, significantly outperforming the Zacks Technology Services industry, which rose by 2.56% during the same period [6] - Over the past quarter, MOGO's shares have risen by 153.12%, and they are up 23.78% over the last year, compared to the S&P 500's increases of 19.67% and 12.87%, respectively [7] - The average 20-day trading volume for MOGO is 14,486,363 shares, indicating strong trading activity [8] Earnings Outlook - In the last two months, one earnings estimate for MOGO has been revised upward, while there were no downward revisions, leading to an increase in the consensus estimate from -$0.23 to -$0.21 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, MOGO is positioned as a promising investment opportunity with a Momentum Score of B [12]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Mogo Inc (MOGO) Analysis - Mogo Inc (MOGO) has shown significant recent price momentum, with a four-week price change of 48.4%, indicating growing investor interest [4] - Over the past 12 weeks, MOGO's stock has gained 136.1%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - MOGO has a high beta of 3.57, suggesting it moves 257% higher than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of A, suggesting it is an opportune time to invest [6] - MOGO has received a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which typically attract more investors [7] - The stock is currently trading at a Price-to-Sales ratio of 0.90, indicating it is reasonably valued at 90 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides MOGO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks and Screening - Investing in bargain stocks with recent price momentum may be safer, and the Zacks Momentum Style Score is useful for identifying such stocks [2] - The 'Fast-Paced Momentum at a Bargain' screen helps in spotting fast-moving stocks that are still attractively priced [2] Group 3: Mogo Inc (MOGO) Performance - Mogo Inc (MOGO) has shown a price increase of 22.1% over the past four weeks, indicating growing investor interest [3] - Over the past 12 weeks, MOGO's stock gained 45.3%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - MOGO has a high beta of 3.65, suggesting it moves 265% higher than the market in either direction [4] Group 4: Valuation and Earnings Estimates - MOGO has a Momentum Score of A, indicating a favorable time to invest based on momentum [5] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investors [6] - MOGO is trading at a Price-to-Sales ratio of 0.63, indicating it is relatively cheap at 63 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - MOGO has potential for further growth, and there are other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7] - Zacks offers over 45 Premium Screens to help investors find winning stock picks based on their investing style [8]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Investors following momentum investing avoid cheap stocks and instead focus on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Mogo Inc (MOGO) Analysis - Mogo Inc (MOGO) has seen a price increase of 51.2% over the past four weeks, indicating growing investor interest [3] - The stock gained 25% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - MOGO has a high beta of 3.47, suggesting it moves 247% higher than the market in either direction [4] Group 4: Valuation and Earnings Estimates - MOGO has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - MOGO is trading at a Price-to-Sales ratio of 0.63, meaning investors pay 63 cents for each dollar of sales, indicating a reasonable valuation [6] Group 5: Additional Investment Opportunities - Besides MOGO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [8]