MGO Global Inc. (NASDAQ:MGOL) shares are trading higher Tuesday after the company posted a year-over-year increase in its first-quarter financial results. The Details: MGO Global reported total revenues climbed 1385% to $670,264, up from $45,147 year-over-year, due primarily to the timing of the launch of the company’s Stand Flagpole line of products, which did not occur until mid-March 2023.  The company reported losses of 1 cent per share, compared to losses of 8 cents per share from the same quarter last year.  “MGO started 2024 strong, highlighted by material revenue growth for our Stand Flagpole business, coupled with the assignment of the Messi Brand to Centric Brands, which resulted in a $2 million cash infusion and the elimination of the 2024 minimum royalty payments to LMM of €1,500,000," stated Maximiliano Ojeda, CEO of MGO.  "MGO is now concentrating on driving sustainable, long-term growth of Stand Flagpoles, while achieving material ...