Fingermotion Inc - FNGR STOCK NEWS

FingerMotion (NASDAQ: FNGR), a mobile services, data and technology company, announces its participation in the upcoming 37th Annual ROTH Conference from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California.

The conference will feature 1-on-1 meetings, small group sessions, analyst-selected fireside chats, industry keynotes, and panels. Company executives from approximately 450 private and public companies across various growth sectors will attend, including Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability, and Technology, Media & Entertainment.

CEO Martin Shen expressed enthusiasm about showcasing FingerMotion's innovative products and services to the investment community during the event.

FingerMotion (NASDAQ: FNGR), a mobile services, data and technology company, held its annual meeting of stockholders on February 28, 2025. The meeting resulted in several key decisions: the election of Martin J. Shen, Hsien Loong Wong, Yew Poh Leong, Eng Ho Ng and Tuck Seng Low to the Board of Directors, and the appointment of CT International LLP as the company's independent registered public accounting firm.

Following the meeting, the Board reappointed Martin J. Shen as President and Chief Executive Officer, and Yew Hon Lee as Chief Financial Officer, Secretary and Treasurer. The company's executive compensation package was also approved by stockholders.

FingerMotion (NASDAQ: FNGR) has secured multiple contracts to equip emergency response vehicles with its Advanced Mobile Integrated Command and Communication Platform (C2 Platform). The contracts were awarded through a competitive public tender process, with the company's subsidiary Shanghai JiuGe Information Technology emerging as the preferred partner.

The C2 Platform, jointly developed with SAIC Motor , features advanced technology including a unified in-vehicle communications unit, smart PTZ camera, satellite communications terminal, unmanned aerial vehicle, and an integrated multimedia command system. The platform combines mobile (4G/5G), satellite, and private networks to ensure uninterrupted communication for first responders in challenging environments.

FingerMotion (NASDAQ: FNGR) has reported its Q3 2025 financial results, showing a 39% revenue increase to $8.53 million compared to Q3 2024. The growth was primarily driven by the Telecommunications Products & Services segment, which increased by $2.36 million or 39%. However, the company reported a quarterly loss of $1.66 million, though this represents a 15% improvement from the previous year's loss.

The company's gross profit decreased by 30% to $0.44 million, while cost of revenue increased by 47% to $8.09 million. General and administrative expenses decreased by 30%, but marketing costs rose by 243%. As of November 30, 2024, FingerMotion had $164,600 in cash, a working capital surplus of $9.43 million, and total assets of $31.94 million against total liabilities of $22.36 million.

FingerMotion (NASDAQ: FNGR) has completed its previously announced registered direct offering, raising approximately $4.44 million in net proceeds. The offering consisted of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares. Each share was sold with one and one-half warrants at a combined price of $1.50. The warrants are immediately exercisable at $1.50 per share and have a five-year term. Roth Capital Partners served as the exclusive placement agent. The company plans to use the proceeds for general corporate and working capital purposes.

FingerMotion (NASDAQ: FNGR) has announced a $5.0 million registered direct offering through a securities purchase agreement with institutional investors. The offering includes 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined price of $1.50 per share. The warrants will have an exercise price of $1.50 per share, are immediately exercisable, and have a five-year term. Roth Capital Partners is serving as the exclusive placement agent. The offering is expected to close around December 23, 2024. The company plans to use the net proceeds for general corporate purposes.

FingerMotion, Inc. (NASDAQ: FNGR) reported its Q2 2025 financial results for the period ended August 31, 2024. Key highlights include:

- Quarterly revenue of $8.46 million, a 9% decrease from Q2 2024
- Gross profit of $0.30 million, an 84% decrease
- Net loss of $1.69 million, a 1,159% increase
- Basic and diluted loss per share of $(0.03)

The company saw decreases in Telecommunications Products & Services and SMS & MMS business revenues, while experiencing growth in the Cloud business segment. FingerMotion ended the quarter with $810,284 in cash and cash equivalents, a working capital surplus of $9,708,861, and total assets of $30.19 million. The company expects cloud-based services and Command & Communication segment to drive significant revenue growth for the remainder of the fiscal year.

FingerMotion, Inc. (NASDAQ: FNGR) announced that its subsidiary, Shanghai JiuGe Information Technology, has received national certification from China's Ministry of Industry and Information Technology for its Advanced Mobile Integrated C2 Platform. This platform is integrated with SAIC Maxus vehicles, creating a state-of-the-art emergency response vehicle.

The certification is expected to accelerate the distribution of these vehicles across China. The emergency response vehicles are equipped with advanced features including a unified in-vehicle communications unit, smart PTZ cameras, satellite communications, an unmanned aerial vehicle, and a multi-network integrated dispatch system. These vehicles have been successfully tested in major national-level emergency response drills, demonstrating their ability to operate in extreme conditions.

FingerMotion (NASDAQ:FNGR) announced its subsidiary, JiuGe Technology, has launched a new Advanced Mobile Integrated Command and Communication Platform (C2 Platform) aimed at enhancing emergency response in China. The C2 Platform will be integrated into vehicles used in civil emergencies, improving coordination among dispatchers, first responders, and healthcare agencies. Initial installations are in Zhejiang province, with potential for wider adoption. The platform combines various disaster communication systems and integrates voice, video, and data for improved decision-making. This development aligns with China's national initiative to bolster crisis response capabilities, indicating potential for ongoing demand and future contracts.