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. 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. (FNGR) has submitted an application to list its common stock on the Nasdaq Capital Market. This move aims to enhance liquidity, increase corporate visibility, and enhance shareholder value. The approval remains subject to NASDAQ’s requirements. CEO Martin Shen highlighted this application as a significant milestone in the company's evolution. FingerMotion specializes in mobile payment solutions and has access to wholesale rechargeable minutes in China. The company plans to grow its user base organically, aiming to reach over 1 billion users globally.
FingerMotion (OTCQX:FNGR) announced its Q1 2022 financial results, reporting record quarterly revenue of $6.00 million, marking a 77% increase in SMS & MMS revenue and a 341% rise in Telecommunications Products & Services revenue compared to Q1 2021. Despite these gains, the company reported a quarterly loss of $909,506, a 57% increase from the previous year. It also experienced a significant rise in operational costs, including a 59% increase in general and administrative expenses. FingerMotion continues to expand its business model and aims for a revenue exceeding $24 million for FY 2022.
FingerMotion (OTCQX: FNGR) announced a collaboration between its subsidiary Xunlian Tianxia Technology and Happy Life Insurance to innovate in the digital insurance sector. This partnership aims to create data-driven insurance solutions addressing consumer needs, enhancing both parties' offerings. China's online insurance market is rapidly growing, with premiums exceeding 290 billion yuan (US$44.8 million) in 2020. The collaboration leverages Xunlian's data expertise and Happy Life's product knowledge to optimize insurance delivery and integrate big data into insurance models, targeting improved profitability and customer experience.
FingerMotion, Inc. (OTCQX:FNGR) reported record annual revenue of $16.68 million for the fiscal year ended February 28, 2021, indicating an 82% increase year-over-year. SMS & MMS revenue surged by 84%, while Telecommunications Products & Services increased by 76%. However, the company recorded a net loss of $4.38 million. Despite a 71% rise in gross profit to $1.65 million, expenses grew, leading to a basic loss per share of $0.13. The company's working capital surplus was $2.99 million, with positive shareholder equity of $2.11 million.
FingerMotion, Inc. (OTCQX: FNGR) announces a significant volume-based contract with China Mobile Fujian, which is expected to enhance SMS gross margins by 30%. The partnership, built on years of collaboration, enables JiuGe to secure new contracts and increase SMS revenue by 20-30% in 2021. The e-commerce top-up business anticipates a staggering 1000% revenue growth. With the introduction of 5G, opportunities for expansion are expanding. CEO Martin Shen emphasizes the company's focus on margin improvement and future growth prospects, assuring shareholders of ongoing efforts towards profitability.
Finger Motion, Inc. (OTCQX:FNGR) has released a video message from its CEO, outlining significant updates. The video discusses the Q3 results for the period ending November 30, 2020, and an agreement with Pacific Life Reinsurance. The company, focused on mobile payment solutions in China, aims to grow its user base significantly, targeting over 1 billion users. This growth may pave the way for enhanced ecosystem engagement and potential expansion into other markets. More details are available on their YouTube channel.
FingerMotion (OTCQX:FNGR) is set to present at the Emerging Growth Conference on March 3, 2021. The event, which takes place virtually, will feature CEO Martin J. Shen presenting at 12:00 PM Eastern time for 30 minutes, followed by a Q&A session. This conference allows attendees to engage directly with the company. FingerMotion focuses on mobile payment solutions in China, aiming to grow its user base rapidly, with plans potentially to serve over 1 billion users in the region. More details and registration are available on the conference website.
Finger Motion, a mobile data and services company, announced a video message from its CEO after market close on October 29, 2020. The CEO highlighted key developments such as partnerships with top ecommerce platforms, including Alibaba, JD.com, and PinDuoDuo, aimed at accessing millions of users. The company focuses on four growth pillars: mobile recharge, SMS services, portal sales, and entry into the Insuretech sector. Additionally, Finger Motion launched Sapientus, enhancing its data capabilities and competitive edge.
FingerMotion, Inc. (OTCQB:FNGR) is set to release a digital message covering Q2 results on October 29, 2020, following market closure. CEO Martin Shen will provide insights into the Company's developments. FingerMotion specializes in mobile payment and recharge solutions in China, being one of the few companies with access to wholesale rechargeable minutes. The Company aims to rapidly grow its user base and develop a highly engaged ecosystem, aspiring to serve over 1 billion users in China and extend its model to other regions.