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FingerMotion, Inc. reports developments as a mobile services, data and technology company with core operations in China mobile payment, recharge and top-up platform solutions. News commonly covers operating results, capital management, material agreements and updates tied to mobile recharge, value-added services, data-driven analytics and technology collaborations.
Company updates also include activity at Shanghai JiuGe Information Technology Co., Ltd., including the JiuGe Procurement Platform for enterprise procurement, rewards and user-engagement programs connected to telecom operators and commercial partners. Governance items, annual meeting results and capital-structure actions are recurring disclosure themes for FNGR.
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.
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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