Mogo Inc. (NASDAQ:MOGO) Q4 2022 Earnings Call Transcript

Greg Feller: So we do have a buyback plan in place. We have done a few buybacks already. We bought back about 1 million shares in Q4, and we bought shares in the quarter prior to that as well — or actually in Q2. So we’ve done a number of buybacks already. And I would say those sizes have been in the kind of $700,000 to $1 million range. And at these prices, we’ve actually managed to buy a fair amount of stock. In fact, we’ve repurchased about 1/3 of the last major equity issuance that we issued in December 2021 through those two buybacks for less than $2 million. So, I think we will continue to look opportunistically there, and that’s something that we will continue to look at if it makes sense. But by far and away, our primary focus is on cash, getting to cash flow, continue to expand our EBITDA on our business and preserving the cash on our balance sheet, but we will — as we’ve done in ’22, but I think we will look opportunistically when it makes sense to potentially do some other buybacks.

Operator: There are no further questions at this time. Please continue.

Dave Feller: Okay. Well, thank you, everybody, for your time. We appreciate you joining us on the quarter and year-end review. We look forward to updating you post Q1 2023. Thanks again.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.