10:03 AM EDT, 05/09/2024 (MT Newswires) -- Mogo ( MOGO ) , a digital wealth and payments business, said Thursday that it narrowed its first-quarter net loss to $3.6 million, or $0.15 per diluted share, from a year-ago loss of $6.9 million, or $0.27 per diluted share.

Revenue for the quarter ended March 31 was $17.9 million, up 13% from $15.9 million a year earlier.

Adjusted EBITDA was flat at $1 million. The company reported an adjusted net loss of $4 million, wider than a loss of $3.9 million in the first quarter of last year.

In fiscal 2024, Mogo ( MOGO ) will focus on accelerating revenue growth while continuing to generate positive adjusted EBITDA.

The company's shares edged up over 1% on last look on Thursday in Canada.

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