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FingerMotion, Inc. (NASDAQ:FNGR) is a mobile services and data company, focusing on mobile payment and recharge platform solutions in China. Despite challenging market conditions, the company reported quarterly revenue of $8.37 million for Q1 2025, with a strategic reallocation of resources to its SMS & MMS segment resulting in a revenue increase of $8.16 million. FingerMotion is prioritizing higher-margin segments to drive profitability, with plans to increase revenue through its Da Ge app, Insuretec partnerships, and Sapientus big data platform.
The company aims to grow its user base into an ecosystem of engaged users, ultimately serving over 1 billion users in the China market and expanding to other regional markets. With a focus on organic growth and innovative applications, FingerMotion is positioned for long-term success in the evolving technology landscape.
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.
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