MGO Global Inc (MGOL) Quote

MGOL new 52 lo

MGOL new 52 lo

$MGOL MGO Global Expects to Report a 400% + Increase in Total Revenues for Full Year 2023 on April 1, 2024

also has this 8-K filing from March 26 still no PR (might get that as soon as Monday):

On March 20, 2024, MGO Global Inc. reached an agreement with Centric Brands LLC to transfer the Trademark License Agreement of the Messi Store, involving a $2,000,000 payment. The deal was formalized through a Deed on March 21, 2024. By March 30, 2024, Centric will assume control of The Messi Store, relieving MGO Global Inc. of payment obligations and streamlining operations.

https://finance.yahoo.com/news/mgo-global-expects-report-400-133000345.html

MGO Global Expects to Report a 400%+ Increase in Total Revenues for Full Year 2023
MGO Global
Thu, Feb 15, 2024

As of November 13, 2023, there were 14,245,291 shares of common stock, par value $0.00001 per share, issued and outstanding.

MGO Global Announces Third Quarter 2023 Financial Results
Total Revenues Climb 948% and 1017% for Comparable Three and Nine Months Ended September 30, 2023

MIAMI, FL, LONDON, ENGLAND, and NEW YORK, NY / ACCESSWIRE / November 14, 2023 / MGO Global Inc. (NASDAQ:MGOL), a digitally-native, lifestyle brand portfolio company, ("MGO" or the "Company" or "MGO Global"), today announced its financial results for the three and nine months ended September 30, 2023.

Third Quarter 2023 Financial Highlights

Total revenues for the three months ended September 30, 2023 and 2022 rose 948% to $1,469,802, up from $140,191, respectively.Revenues from The Messi Store climbed 197% to $415,641 compared to $140,191 for the three months ended September 30, 2023 and 2022, respectively. Sales of Stand Flagpoles products totaled $1,054,161 for the three months ended September 30,2023, compared to $0 for the same three months in the previous year due to the fact that the Company did not license the brand until March 2023.
For the comparable nine-month reporting periods, total revenues increased 1071% to $3,755,441 from $336,103.Sales of products sold through The Messi Store nearly tripled to $931,840 compared to $336,103 and total revenues from the sale of Stand Flagpoles products totaled $2,822,601 compared to $0 for the nine months ended September 30, 2023 and 2022 respectively.
For the comparable three-month reporting periods, net loss increased 307% to $2,552,113, or $0.17 loss per share, from a net loss of $627,331, or $0.06 loss per share, respectively. For the nine months ended September 30, 2023, net loss totaled $5,170,443, or $0.36 loss per share, representing a 178% increase from a net loss of $1,859,061, or $0.17 loss per share, for the first nine months of 2022.
As of September 30, 2023, cash totaled $1,721,050; working capital totaled $2,421,371; there was zero long-term debt and total stockholders' equity was $2,630,974.
Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO Global, stated, "I am very proud of the commitment and exceptional execution by our team in their collective efforts to continuing scaling our brands, particularly given the challenging economic backdrop that is taking its toll on consumers. While we anticipate the macroeconomic environment to remain challenging through the remainder of the year, we have every intention to continue to focus on creating value for our fellow shareholders by maintaining operational excellence in our day-to-day business activities and implementing growth strategies designed to expand both our portfolio of distinctive brands and categories of high quality product offerings to our customers."

For more detailed information on MGO's third quarter 2023 financial performance, please refer to the Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission and accessible at www.sec.gov or on MGO's website at www.mgoglobalinc.com.

As a reminder, MGO's management team will host a public webcast this afternoon beginning at 4:30 PM Eastern Time to discuss the Company's third quarter 2023 results. To access the webcast, please go to https://www.webcaster4.com/Webcast/Page/2957/49420. The webcast will be broadcast live and available for replay through the same link.

About MGO Global Inc.

MGO Global is actively engaged in building a portfolio of independent, digitally native, lifestyle brands, which are unique and differentiated, yet all defined by distinctive, high-quality products and a shared commitment to delivering high-touch customer experiences across its ecommerce and wholesale channels. MGO is currently comprised of three business units: MGOTeam1 which operates the The Messi Store, offering a premium line of functional and sporty casual wear, accessories and homewares inspired by legendary pro soccer player Leo Messi and created by Ginny Hilfiger, our co-founder and chief design officer; Americana Liberty, which markets a growing, high-end line of thoughtfully curated home and outdoor products on Stand; and MGO Digital, which leverages data analytics, advanced technology-enabled marketing and our leadership's industry relationships and expertise to identify, incubate and introduce to market new, authentic lifestyle brand concepts. For more information on MGO Global, please visit www.mgoglobalinc.com.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its businesses, The Messi Store and Stand Flagpoles, other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and perpetuating the Company's licensing rights with Leo Messi Management, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

FOR MEDIA AND INVESTOR RELATIONS

MGO Global Inc.
Dodi Handy, Director of Communications
Phone: +1 407-960-4636
Email: ir@mgoteam.com

SOURCE: MGO Global



View source version on accesswire.com:
https://www.accesswire.com/803447/mgo-global-announces-third-quarter-2023-financial-results

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Barchart places MGOL in the retail clothing and shoes sector
https://www.barchart.com/stocks/quotes/MGOL/competitors?viewName=main&orderBy=weightedAlpha&orderDir=desc

Messi talks about the brand, older video but worth the watch. His sister's involvement makes me not worry about dips. video

Messi scored in the 94th minute 2-1 Miami.

When you step into a Publix, you always witness greatness, but that became even more apparent last week when soccer legend Lionel Messi was spotted at the South Florida grocery store picking up household staples.

The Publix sighting, which went viral on social media, sent the Messi hype cycle into overdrive ahead of the Argentine’s expected debut for his new squad, Inter Miami, on Friday.

Quick refresher: Lionel Messi, one of the best soccer players of all time, left his long career in Europe to join Major League Soccer in the US for a historic deal laden with incentives from brands like Apple and Adidas. The deal was finalized this weekend in what could be a game changer for MLS.

And now that Messi has stocked the pantry of his new South Beach home, Miami is giving its newest resident a hero’s welcome:

Murals depicting Messi have sprung up on buildings around the city—especially in the Wynwood neighborhood.
A brewery is selling a Messi-themed beer in a can bearing Inter Miami colors.
The Hard Rock Cafe released a “Messi Chicken Sandwich,” so you can eat a Milanesa just like Leo.
Looking ahead…tickets for Messi’s expected debut on Friday will look like a steal to anyone who’s been trying to see Taylor Swift: You could snag seats for under $300 on SeatGeek yesterday.

This ticker is tremendously undervalued. Messi, high insider ownership, IG link, Beckham connection. Lots of people spend lots of money on club and national team soccer apparel, so buying his personal brand (given his incredible popularity) isn't much of a stretch

Huge new $MGOL find: Messi's personal Instagram (476 million followers) is linked to $MGOL owned themessistore.com ! That's not Adidas apparel, that's MGOL's!
Messi debuts in America mid-July
https://instagram.com/leomessi/?hl=en

MGOL should rebound soon- maybe this afternoon. 3+

TD Ameritrade is giving the following headline (but no link): *MGO Global Exceeds Full Year 2022 Revenues In First Five Months Of 2023(Benzinga)

ok, spoke a little too soon, but I for some reason thught this would be over 3.00 by now.... still trying to find patience in my life i guess....

wow, why is this thing stuck down here?? did it run out of gas already????

Going for round number 2!

IMO ... this company has barely BEGUN.

So mad I only had 8500 shares $1.12 avg,last time I had 17000 in the pm pop to $2.15.

Is it done? I sold at 2.87 last night on a 1.5 month swing trade. It looks like it might reboot here...hard to say.

wow

WHAT IN THEE HELLLL

Ahh-ha! Now HERE's some "meat and potatoes" to accompany what is going on with MGOL. In a new release on March 20, 2023 ... read for yourself!:

Founded in October 2018 and headquartered in Florida with remote employees and specialty contractors in London, New York and Latin America, MGO Global is a performance-driven lifestyle brand portfolio company focused on direct-to-consumer (DTC) digital commerce. Guided by its deep understanding of data analytics, personality-driven trust and algorithm-driven marketing and distribution, coupled with its leadership's track records of success and industry relationships and expertise, in late 2018, the Company launched its first DTC brand - The Messi Brand, which is a premium line of functional and sporty casual wear, accessories and homewares inspired by legendary pro soccer player Leo Messi and found at www.TheMessiStore.com. For more information on MGO Global, please visit www.mgoglobalinc.com.

Here's some news regarding the Argentine socker star: https://www.cnn.com/2023/06/07/football/lionel-messi-inter-miami-psg-spt-intl/index.html

Not sure if this is the same news on Benzinga site or not.

Someone on the Yahoo board said the website BENZINGA has news out on MGOL. Anyone have that website to provide a link to the news?

On fire

No idea but picked up 2000 shares early wish I grabbed more

What in tarnation is going on here?

Decided to check the SEC Filings to see what contributed to my $8k loss day.

11,689,230 shares issued and outstanding at December 31, 2022 -- As of March 30, 2023, there were 14,241,541 shares of common stock

Resale Prospectus. A prospectus to be used for the resale by the selling stockholders set forth therein of 2,658,225 shares of Common Stock of the Registrant (the “Resale Prospectus”).

The resale caused my $8k loss

$MGOL 1.00 is always a big bounce zone especially on a manipulated take down - Grabbed a position for the 1.70++ gap fill

Good luck!

When you see the pumper pump, that means he's already out. $MGOL is Messi. Stay out.

Quiet period is over.......... and still Messi. LOL~!
Hilfiger no impact either.

Good luck.

See you in Vegas~! LMAO~!

Oh boy~! Looks who's posting on this board~! LMAO~!
Time to bail out everyone~!

The pump is on and he already sold. ROTFLMMFAO~!

SAME ALMOST EXACTLY 1 MONTH LATER

Falling knife

Not looking good sadly enough

I knew there was potential for further downside but I do think we'll find the bottom soon

Sorry

Bought this morning
Offering price was 5 and now 3.40
Looking for a reversal

Nice lil scam and twtr pump

Well hell of a choice you made today!! Congrats

You too -- best of luck.

I hear ya best of luck

I'm out. Lost $8k. Win some, lose some.

This morning's trading is clearly the company diluting for cash. Don't know why they would want to dilute, after doing the IPO.

Id give it a day....

Whatever the price may be, I have had enough and I'm taking a loss today.

Its not even 8:00... just hang tight we'll be back over 5 soon

I'm in the red $5k right now. And it's not looking good.

Its 277k shares relax

Premarket down to $4.50 -- now it looks like the Company is selling Shares,
Will have to wait for the 10Q to figure-out what's going on.
But so far, this is looking like a scam company. And it's a great example to never buy into a Foreign Company (Foreign Companies are Scams...especially China).