Exhibit 99.1 | Page | | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position as at March 31, 2024 and December 31, 2023 | F-2 | | Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended | F-3 | | March 31, 2024 and 2023 | | | Interim Condensed Consolidated Statements of Changes in Equity (Deficit) for the three months ended March 31, 2024 and | F-4 | | 2023 | | | Interim Condensed Consolidated Statements of Cash Flows for ...

Financial Performance - The company reported an accumulated deficit of approximately $332 million, highlighting ongoing challenges in achieving consistent profitability despite having shareholders' equity of approximately $94 million [49]. - Total revenue for 2023 was $65.221 million, a decrease of 5.3% from $68.949 million in 2022 [182]. - Revenue for Q4 2023 was $17,157,000, a slight increase of 0% compared to $17,146,000 in Q4 2022; however, annual revenue decreased by 5% from $68,949,000 in 2022 to $65,221,000 in 2023 [229]. - Subscription and services revenue in Canada for 2023 was $32.668 million, down from $35.112 million in 2022, while interest revenue in Canada was $26.436 million, slightly down from $27.208 million [182]. - Net income for Q4 2023 was $8,511,000, a significant improvement from a net loss of $74,943,000 in Q4 2022; annual net loss improved from $(165,678,000) in 2022 to $(17,887,000) in 2023 [229]. - Adjusted EBITDA for Q4 2023 was $2,743,000, a substantial increase of 1006% from $248,000 in Q4 2022; annual adjusted EBITDA improved from $(12,227,000) in 2022 to $7,669,000 in 2023 [229]. - The company’s ability to generate sufficient cash flow to service its debt is uncertain and may require refinancing or additional financing, which could dilute shareholders [77]. - Net cash used in operating activities for Q4 2023 was $(2,199,000), an increase of 62% compared to $(1,356,000) in Q4 2022; annual cash used improved from $(27,009,000) in 2022 to $(9,167,000) in 2023 [229]. Membership Growth - Membership grew from 2.0 million as of December 31, 2022, to 2.1 million as of December 31, 2023, reflecting a slowdown in growth compared to previous periods [51]. - Total Mogo members increased to 2,110,000 as of December 31, 2023, up 6% from 1,993,000 members as of December 31, 2022, representing a net increase of 117,000 members [231]. - The member base grew by 33,000 in Q4 2023, indicating continued adoption of products by new members [231]. Risks and Challenges - The company faces significant risks from worsening economic conditions, which may increase loan default rates and negatively impact operating results [40]. - The allowance for loan losses is based on both objective and subjective factors, and there is a risk that it may not be adequate to absorb potential loan losses [45]. - The proprietary credit scoring model is critical for forecasting loss rates; failure to accurately assess creditworthiness could lead to higher than expected losses [46]. - The company may require additional capital to pursue business objectives and respond to unforeseen challenges, which could limit operational flexibility if not secured [53]. - The company faces potential liabilities due to evolving privacy regulations and the handling of personally identifiable information, which may require changes to business practices [86]. - Cybersecurity incidents are a significant risk, with increasing frequency and severity, potentially impacting operations and financial results [87]. - The company is subject to extensive regulation, which may change and impact its business operations and expansion efforts [62]. - Future legislation may restrict operational methods and impose additional costs, potentially impacting revenue and financial condition [63]. Operational Strategy - The company is committed to maintaining effective internal controls over financial reporting, with significant resources allocated to ensure compliance with regulations [128]. - The company’s operational infrastructure is vulnerable to breaches, which could lead to unauthorized access to sensitive data [89]. - The company relies on third-party service providers for transaction processing, which poses risks if these services are disrupted or unavailable [106]. - The company relies on third-party partners and service providers for key functions, which poses risks of service disruption and operational vulnerabilities [107]. - The company has a remote-first operational model and has subleased its Vancouver office, seeking to exit the Winnipeg lease [220]. Competitive Landscape - Competition is increasing from traditional financial institutions and technology companies targeting millennials, which could adversely affect market share and pricing [112]. - The company operates in a competitive financial services market, facing competition from fintech companies, traditional banks, and new market entrants [195]. - The company anticipates future market entrants with substantial resources, which may intensify competition in the financial services sector [196]. Product and Service Development - New products and platform enhancements must achieve sufficient market acceptance to recoup development investments; failure to do so could harm financial results [55]. - MogoTrade offers commission-free stock trading and aims to help users invest based on a Warren Buffett approach to long-term investing [142]. - Moka is a fully managed investment platform that specializes in helping members invest strategically in the S&P 500, with no minimum contribution required to start [145]. - MogoMoney provides unsecured loans up to $5,000 at annual rates up to 47.42%, with an instant pre-approval decision refreshed every 90 days [147]. - Mogo launched the world's first climate-positive bitcoin initiative, committing to plant trees to absorb CO2 emissions produced by bitcoin mining [34]. - Mogo launched Moka.ai in March 2024, enhancing its wealth-building app to help Canadians achieve financial freedom [159]. Financial Position and Capital Structure - The company has a significant amount of indebtedness, totaling $49.4 million on its Credit Facility and $36.8 million in outstanding debentures as of December 31, 2023 [77]. - The company’s debt financing sources are highly concentrated, which may limit access to additional funding on reasonable terms [42]. - The company may need to issue equity or increase debt for acquisitions, which could dilute shareholder value and adversely affect financial results [61]. - Mogo expanded its credit facility, increasing available loan capital from $50 million to $60 million and lowering the effective interest rate from a maximum of 9% plus LIBOR to 8% plus LIBOR [170]. Marketing and Brand Strategy - The company incurred $3.3 million in marketing expenses for the year ended December 31, 2023, to enhance brand visibility and member acquisition [101]. - Mogo's marketing strategy focuses on building a strong digital financial brand in Canada, targeting consumers looking to improve their financial health [183]. - Mogo amended its marketing collaboration agreement with Postmedia, extending it until December 31, 2024, to leverage Postmedia's media network [161]. Corporate Governance - The company has entered into a Voting Agreement with KAOS to support its director nominees, indicating active management of its investment portfolio [122]. - The company does not expect to be classified as a Passive Foreign Investment Company (PFIC) for the taxable year ending December 31, 2023, but this status is subject to annual determination [124].

Exhibit 99.1 | | Page | | --- | --- | | Report of Independent Registered Public Accounting Firm | F-2 | | Consolidated Statements of Financial Position as at December 31, 2023 and December 31, 2022 | F-6 | | Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended December 31, 2023, | F-7 | | December 31, 2022 and December 31, 2021 | | | Consolidated Statements of Changes in Equity (Deficit) for the years ended December 31, 2023, December 31, 2022 and | F-8 | | December 31, ...

Exhibit 99.1 | Page | | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position as at September 30, 2023 and December 31, 2022 | F-2 | | Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and nine months | F-3 | | ended September 30, 2023 and 2022 | | | Interim Condensed Consolidated Statements of Changes in Equity (Deficit) for the three and nine months ended September | F-4 | | 30, 2023 and 2022 | | | Interim Condensed Consolidated ...

Mogo, Inc. (NASDAQ:MOGO) Q2 2023 Earnings Conference Call August 10, 2023 3:00 PM ET Company Participants Craig Armitage - IR David Feller - Founder, CEO & Chairman Gregory Feller - President, CFO & Director Conference Call Participants Adhir Kadve - Eight Capital Scott Buck - H.C. Wainwright & Co. Operator Good afternoon, ladies and gentlemen, and welcome to the Mogo Q2 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 10, 2023. I would now like to turn ...

Exhibit 99.1 | Page | | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position as at June 30, 2023 and December 31, 2022 | F-2 | | Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and six months | F-3 | | ended June 30, 2023 and 2022 | | | Interim Condensed Consolidated Statements of Changes in Equity (Deficit) for the three and six months ended June 30, 2023 | F-4 | | and 2022 | | | Interim Condensed Consolidated Statements of Ca ...

Exhibit 99.1 | Page | | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position as at March 31, 2023 and December 31, 2022 | F-2 | | Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended | F-3 | | March 31, 2023 and 2022 | | | Interim Condensed Consolidated Statements of Changes in Equity (Deficit) for the three months ended March 31, 2023 and | F-4 | | 2022 | | | Interim Condensed Consolidated Statements of Cash Flows for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 001-38409 MOGO INC. (Exact name of Registrant as specified in its charter) N/A (Translation of Registrant's name into English) Briti ...

Mogo Inc. (NASDAQ:MOGO) Q3 2022 Results Conference Call November 10, 2022 3:00 PM ET Company Participants Craig Armitage - Investor Relations Dave Feller - Chair of our Board and Chief Executive Officer Gregory Feller - President and Chief Financial Officer Conference Call Participants Adhir Kadve - Eight Capital Scott Buck - HC Wainright Operator Good day, ladies and gentlemen and welcome to the Mogo Q3 2022 Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presenta ...

| | | September 30, | December 31, | | --- | --- | --- | --- | | | Note | 2022 | 2021 | | Assets | | | | | Cash and cash equivalent | | 35,344 | 69,208 | | Digital assets | 5 | 747 | 1,718 | | Loans receivable, net | 4 | 58,410 | 55,832 | | Prepaid expenses, and other receivables and assets | | 14,650 | 10,302 | | Investment portfolio | 17 | 13,792 | 18,088 | | Investment accounted for using the equity method | 15 | 56,131 | 103,821 | | Property and equipment | 6 | 1,259 | 1,186 | | Right-of-use assets | | ...