FingerMotion, Inc. - FNGR STOCK NEWS

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.

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.

FingerMotion, Inc. (NASDAQ:FNGR) is entering into arrangements with EV charging station providers in China to allow Da Ge app subscribers to locate and charge their vehicles, expanding Da Ge's usage. The agreements with Jiangsu YKC and Shanghai Anyo Charging Technology Co., will provide access to over 400,000 charging terminals for electric vehicles, tapping into the growing Chinese EV market. Da Ge, launched in January 2024, has 650,000 active subscribers and aims for significant growth in car care service stations. CEO Martin Shen sees this collaboration as a positive step towards monetizing the app and enhancing subscriber experience, with potential future offerings to further boost subscriber numbers by FY 2026.

FingerMotion, Inc. filed a lawsuit against Capybara Research for securities fraud, tortious interference, and defamation. The company later added claims against Benzinga for similar allegations. FingerMotion reached a settlement with Benzinga to remove references to Capybara's article from its website.

FingerMotion, Inc. (NASDAQ:FNGR) and its CEO, Martin J. Shen, received awards at the FiNext Conference in Dubai. The company won the Excellence in Finance - Companies Award, and Mr. Shen received the Excellence in Finance - Leaders Award for his contribution to the finance industry. The awards recognize exceptional performance, innovation, and leadership within the finance and fintech sector.

FingerMotion, Inc. (NASDAQ:FNGR) announces the outcomes of its recent annual meeting of stockholders, including the election of new board members, appointment of an independent registered public accounting firm, approval of executive compensation, and re-appointment of key executive officers.