FingerMotion Reports Q2 2025 Financial Results
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) ha riportato i risultati finanziari del Q2 2025 per il periodo terminato il 31 agosto 2024. I punti salienti includono:
- Ricavi trimestrali di $8,46 milioni, con una diminuzione del 9% rispetto al Q2 2024
- Utile lordo di $0,30 milioni, con una diminuzione dell'84%
- Perdita netta di $1,69 milioni, con un aumento del 1.159%
- Perdita per azione base e diluita di $(0,03)
La società ha registrato diminuzioni nei ricavi dei Prodotti e Servizi di Telecomunicazioni e nel business SMS & MMS, mentre ha sperimentato una crescita nel segmento business Cloud. FingerMotion ha concluso il trimestre con $810.284 in cassa e equivalenti di cassa, un surplus di capitale circolante di $9.708.861, e attivi totali per $30,19 milioni. La società prevede che i servizi basati su cloud e il segmento Comando & Comunicazione guideranno una significativa crescita dei ricavi per il resto dell'anno fiscale.
FingerMotion, Inc. (NASDAQ: FNGR) reportó sus resultados financieros del Q2 2025 para el período finalizado el 31 de agosto de 2024. Los aspectos destacados incluyen:
- Ingresos trimestrales de $8,46 millones, una disminución del 9% en comparación con el Q2 2024
- Beneficio bruto de $0,30 millones, una disminución del 84%
- Pérdida neta de $1,69 millones, un aumento del 1.159%
- Pérdida básica y diluida por acción de $(0,03)
La compañía vio disminuciones en los ingresos de Productos y Servicios de Telecomunicaciones y en el negocio de SMS & MMS, mientras que experimentó un crecimiento en el segmento de negocios en la nube. FingerMotion finalizó el trimestre con $810.284 en efectivo y equivalentes de efectivo, un superávit de capital de trabajo de $9.708.861, y activos totales de $30,19 millones. La compañía espera que los servicios basados en la nube y el segmento de Comando y Comunicaciones impulsen un crecimiento significativo de ingresos durante el resto del año fiscal.
FingerMotion, Inc. (NASDAQ: FNGR)는 2024년 8월 31일 종료된 Q2 2025 재무 결과를 발표했습니다. 주요 내용은 다음과 같습니다:
- 분기 매출 $8.46백만, Q2 2024 대비 9% 감소
- 총 이익 $0.30백만, 84% 감소
- 순손실 $1.69백만, 1,159% 증가
- 기본 및 희석 손실 주당 $(0.03)
회사는 통신 제품 및 서비스와 SMS 및 MMS 비즈니스 수익 감소를 보았고, 클라우드 비즈니스 부문에서는 성장을 경험했습니다. FingerMotion은 분기를 마감하며 현금 및 현금성 자산 $810,284, 운전 자본 잉여금 $9,708,861, 총 자산 $30.19백만을 보유하고 있습니다. 회사는 클라우드 기반 서비스와 커맨드 및 커뮤니케이션 부문이 회계 연도 잔여 기간 동안 중요한 수익 성장을 이끌 것으로 예상하고 있습니다.
FingerMotion, Inc. (NASDAQ: FNGR) a rapporté ses résultats financiers du Q2 2025 pour la période se terminant le 31 août 2024. Les points saillants comprennent :
- Revenus trimestriels de $8,46 millions, une diminution de 9 % par rapport au Q2 2024
- Bénéfice brut de $0,30 millions, une diminution de 84 %
- Perte nette de $1,69 millions, une augmentation de 1 159 %
- Perte de base et diluée par action de $(0,03)
La société a constaté des diminutions des revenus des produits et services de télécommunications ainsi que des revenus du secteur SMS et MMS, tout en connaissant une croissance dans le segment d'affaires Cloud. FingerMotion a terminé le trimestre avec $810.284 en liquidités et équivalents de liquidités, un surplus de fonds de roulement de $9.708.861 et des actifs totaux de $30,19 millions. La société s'attend à ce que les services basés sur le cloud et le segment Commandement & Communication entraînent une croissance significative des revenus pour le reste de l'exercice fiscal.
FingerMotion, Inc. (NASDAQ: FNGR) hat die finanziellen Ergebnisse für das Q2 2025 für den Zeitraum bis zum 31. August 2024 veröffentlicht. Zu den wichtigsten Punkten gehören:
- Quartalsumsatz von $8,46 Millionen, ein Rückgang von 9% im Vergleich zum Q2 2024
- Bruttogewinn von $0,30 Millionen, ein Rückgang von 84%
- Nettverlust von $1,69 Millionen, ein Anstieg von 1.159%
- Grund- und verwässertes Verlust pro Aktie von $(0,03)
Das Unternehmen verzeichnete Rückgänge bei den Einnahmen aus Telekommunikationsprodukten und -dienstleistungen sowie im SMS- und MMS-Geschäft, während es im Cloud-Geschäft ein Wachstum erlebte. FingerMotion schloss das Quartal mit $810.284 an Bargeld und liquiden Mitteln, einem Betriebsüberschuss von $9.708.861 und Gesamtvermögen von $30,19 Millionen. Das Unternehmen erwartet, dass cloudbasierte Dienste und das Segment Kommando & Kommunikation im verbleibenden Geschäftsjahr signifikantes Umsatzwachstum fördern werden.
- Growth in Cloud business segment
- Positive shift in product mix towards higher-margin Cloud services
- Working capital surplus of $9,708,861
- Decrease in general and administrative expenses by 5%
- 9% decrease in quarterly revenue to $8.46 million
- 84% decrease in gross profit to $0.30 million
- 1,159% increase in net loss to $1.69 million
- Decrease in Telecommunications Products & Services revenue by 8%
- Decline in SMS & MMS business revenue
- No revenue reported from Big Data segment compared to $76,746 in Q2 2024
- 10% increase in cost of revenue
Insights
The Q2 2025 results for FingerMotion (NASDAQ: FNGR) present a mixed picture. The company reported a 9% year-over-year decrease in revenue to
The company's loss widened substantially, with a quarterly loss attributable to shareholders of
On a positive note, the company maintains a solid balance sheet with
The shift towards higher-margin Cloud services could improve profitability if the company successfully scales this segment. However, investors should closely monitor the company's ability to reverse the revenue decline and improve margins in the coming quarters.
FingerMotion's Q2 2025 results reflect the challenges and opportunities in the mobile services and data sector. The decline in traditional telecommunications services revenue suggests a potential shift in market dynamics or increased competition. However, the emergence of the Command & Communication segment and the company's focus on cloud-based services indicate a strategic pivot towards higher-value offerings.
The complete absence of Big Data revenue (
The increase in marketing costs by
Overall, FingerMotion's transition towards cloud and communication services aligns with industry trends, but the execution of this strategy and its ability to offset declines in traditional segments will be critical for the company's future performance.
Singapore, Singapore--(Newsfile Corp. - October 16, 2024) - FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services and data company, is pleased to report its financial results for the second quarter of fiscal 2025 for the period ended August 31, 2024. To review the full financial results, please view the Company's recent 10-Q filing at www.sec.gov/edgar/search or on the Company's website at www.fingermotion.com/investor-relations/financial-information/details, which should be read in connection with this news release.
Q2 2025 Financial Summary (results expressed in US$ unless otherwise indicated):
- Reported quarterly revenue of
$8.46 million (includes Telecommunications Products & Services, SMS & MMS Business, and Command & Communication), a decrease of$0.82 million or9% compared to Q2 of fiscal 2024; - Reported quarterly decrease in Telecommunications Products & Services business revenue of
$0.77 million or8% compared to Q2 of fiscal 2024; - Reported SMS & MMS business revenue of
$3,770 compared to$8,192 in Q2 of fiscal 2024; - Reported quarterly Command & Communication revenue of
$28,730 compared to$0 in Q2 of fiscal 2024: - Reported quarterly Big Data revenue of
$0 compared to$76,746 in Q2 of fiscal 2024; - Reported quarterly cost of revenue of
$8.16 million , an increase of$0.72 million or10% compared to Q2 of fiscal 2024; - Reported a gross profit of
$0.30 million , a decrease of$1.54 million or84% compared to Q2 of fiscal 2024; - Reported quarterly loss attributable to the Company's shareholders of
$1.69 million , an increase of$1.55 million or 1,159% compared to Q2 of fiscal 2024; - Reported basic and diluted loss per share of
$(0.03) versus a loss per share of$(0.00) for Q2 of fiscal 2024; - At August 31, 2024, FingerMotion had
$810,284 in cash and cash equivalents, a working capital surplus of$9,708,861 and shareholders' equity of$9,878,372 ; - At August 31, 2024, Total Assets were
$30.19 million , Total Current Liabilities were$20.24 million and Total Liabilities were$20.31 million ; - 52,712,850 shares of common stock were issued and outstanding as of August 31, 2024.
"While Q2 2025 presented challenges for our Company, we are encouraged by the continued growth in our Cloud business segment," stated Martin Shen, CEO of FingerMotion. "Although our overall gross margin decreased compared to Q2 2024, we saw a positive shift in our product mix, with increased revenue from our higher-margin Cloud services. We are confident in our ability to optimize our product mix and improve our gross margin performance in the future."
Mr. Shen also stated, "Going forward we expect our cloud-based services and Command & Communication segment to drive significant revenue growth for the balance of this fiscal year."
General and administrative expenses decreased by
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
For more information on FingerMotion, visit: https://fingermotion.com/
Company Contact:
FingerMotion, Inc.
For further information e-mail: info@fingermotion.com
Phone: 718-269-3366
Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance, including expected revenues. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226779
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