Welcome to our dedicated page for Fingermotion news (Ticker: FNGR), a resource for investors and traders seeking the latest updates and insights on Fingermotion stock.
FingerMotion Inc (NASDAQ: FNGR) is a leading provider of mobile payment solutions and integrated telecommunications services in China, specializing in secure transaction platforms and big data analytics. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders tracking FNGR's market position.
Investors and analysts will find timely updates on earnings reports, product launches, and partnerships that drive the company's growth in sectors like mobile payments, emergency response technology, and EV infrastructure. All content is sourced from verified releases to ensure accuracy and compliance with financial disclosure standards.
Key coverage areas: quarterly financial results, innovations in SMS/MMS communication platforms, expansions of the C2 emergency response system, and collaborations with telecom operators. Bookmark this page for streamlined access to FNGR's evolving role in China's digital ecosystem.
FingerMotion (NASDAQ: FNGR) reported its Q1 2025 financial results for the period ending May 31, 2024. The company saw a quarterly revenue of $8.37 million, marking a decrease of $3.80 million or 31% from Q1 2024. This was due to a $11.80 million drop in its Telecommunications Products & Services business and a $0.15 million decline in Big Data revenue. Conversely, SMS & MMS business revenue surged by $8.16 million, a 100,427% increase.
Gross profit rose by $0.02 million or 3%, despite a cost of revenue decrease of $3.81 million or 33%. The company reported a quarterly loss of $1.66 million, a 31% increase from the prior year, with a loss per share of $0.03 compared to $0.02 in Q1 2024. As of May 31, 2024, FingerMotion held $1.06 million in cash, with total assets at $26.31 million and total liabilities at $15.40 million.
CEO Martin Shen highlighted the strategic reallocation to higher-margin SMS & MMS segments and projected improved revenue and margins for the rest of fiscal 2025.
FingerMotion (NASDAQ:FNGR) reported its FY 2024 financial results, reflecting a mixed performance. The company achieved annual revenue of $35.79 million, a 5% increase from the previous year. Telecommunications Products & Services revenue grew by 21%, while SMS & MMS and Big Data segments saw declines of 60% and 25% respectively. Gross profits rose significantly by 67% to $3.86 million, despite a slight 1% increase in the cost of revenue. Operating expenses decreased by 15%, and the net loss was halved to $3.76 million. FingerMotion ended the year with $1.52 million in cash, $11.97 million in working capital surplus, and positive shareholders' equity of $12.06 million. The company aims to continue its transition towards higher-margin projects and product diversification.
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