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 presentation, we will conduct a question and answer session. [Operator Instructions] This call is being recorded on Thursday November 10, 2022.
I would now like to turn the conference over to Craig Armitage, Investor Relations. Please go ahead.
Craig Armitage
Thank you, and good afternoon, everyone. Thanks for joining us. Just a few quick notes before we get started. First note that today’s call will contain forward-looking statements that are based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company undertakes no obligation to update these statements, except as required by law.
Information about the risks and uncertainties are included in our Q3 filings as well as periodic filings with regulators in Canada and the U.S., which you can find on SEDAR, EDGAR and through our Investor Relations website.
Second note is today’s discussion will include adjusted financial measures and non-IFRS measures. You should consider these as a supplement to and not as a substitute for IFRS measures, and you can find reconciliations both in the filings and in the investor deck. And lastly, the amounts today are discussed in Canadian dollars, unless otherwise indicated.
I will now turn the call over to Dave Feller to get us started. Thanks.
Dave Feller
Thanks, Craig. Good afternoon and welcome to our third quarter 2020 results call. I’m joined today by Greg Feller, our President and CFO.
In our 20-year corporate history, we have seen a lot of challenging macroeconomic operating environments, and Q3 clearly was another one of those periods, especially for tech and fintech companies.
In the face of this, our revenue was up 12% year-over-year, which underscores the resilience of our business. Of course, we have placed an even greater focus in recent quarters on improving bottom line performance versus top line growth. And this showed through in the Q3 results with OpEx down 25% compared to Q1 2022 and EBITDA loss decreasing by 32% from the previous quarter 2.8 million.