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FingerMotion, Inc. (NASDAQ: FNGR) is a mobile services and data company based in China, specializing in mobile payment and recharge services. The company offers Telecommunications Products and Services, Value Added Products and Services, Short Message Services (SMS), Multimedia Messaging Services (MMS), a Rich Communication Services (RCS) platform, Big Data Insights, and a Video Games Division (inactive). FingerMotion generates revenue by providing mobile payment and recharge services to customers of telecommunications companies in China.
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FingerMotion, Inc. CEO, Martin Shen, provides a corporate update outlining the revenue mix, recognition of revenue, and transition to increasing gross margins. The majority of revenue is derived from Telecommunication Products and Services, including Top Up and Recharge services, subscription plans, mobile phone sales, and cloud services. The revenue recognition for Cloud Services is variable, impacting quarterly revenue and earnings guidance. Despite challenges and fluctuations in Q3 of fiscal 2024, the company has shown an increase in revenue and gross profit, positioning them well for future growth.
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FingerMotion, Inc. (NASDAQ:FNGR) reported its financial results for Q3 of fiscal 2024, showing a decrease in revenue by 46% compared to Q3 2023. The company experienced a challenging market in all business segments, with a decrease in gross profit and a quarterly loss of $1.94 million. Despite this, the company's suite of products and services remains essential to the Chinese economy, and management sees optimism for the future, aiming for positive cash flow and profitability through new business segments and cost management.
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FingerMotion, Inc. (NASDAQ:FNGR) announces the launch of new consumer application 'Da Ge' for car care services, targeting a subscriber base of 2,000,000 by the end of 2024. The app is expected to generate positive cash flow and reflects the company's ability to adapt to market conditions. FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China.
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Lind Partners (LIND) Faces Misinformation Campaign Over Last 15 Months
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FingerMotion, Inc. (NASDAQ:FNGR) provided an update on its Big Data subsidiary Sapientus. The company highlighted the commercialization potential of its Big Data models, the gradual transition of existing partners to large-scale commercialization, and the evolving product modules, particularly in the insurance sector. The company also plans to move from per-usage charges to profit sharing and/or commission-based arrangements. The CEO emphasized the transformative year for Sapientus and outlined objectives for 2024, including steady expansion of services, additional re/insurer partnerships, and brokerage services and solutions.
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FingerMotion, Inc. (NASDAQ:FNGR) provides a litigation update regarding its lawsuit against Capybara Research. The company filed a federal lawsuit against Capybara for posting lewd and unprofessional graphics intended to embarrass the company. FingerMotion has successfully identified the person responsible and is adding their name to the lawsuit. Additionally, the company is suing the social media news outlet Benzinga for republishing false reports harming FingerMotion's retail investment community.
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FingerMotion files federal lawsuit against Capybara Research for publishing a defamatory article to manipulate stock market
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FingerMotion responds to short seller report, stating it contains errors and inaccurate interpretations. Company will review allegations and take necessary actions. Recently filed Form S-3 registration statement for $300 million, with only $25 million allocated for at-the-market offering.
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FingerMotion, Inc. announced that Martin J. Shen, CEO, will present at the 13th Annual LD Micro Invitational. The presentation will take place on June 6, 2023, at 3:00 p.m. ET. Mr. Shen will also be available for one-on-one meetings with members of the financial community.
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FAQ
What is the current stock price of FingerMotion (FNGR)?
The current stock price of FingerMotion (FNGR) is $1.9 as of November 22, 2024.
What is the market cap of FingerMotion (FNGR)?
The market cap of FingerMotion (FNGR) is approximately 108.2M.
What services does FingerMotion, Inc. offer?
FingerMotion offers Telecommunications Products and Services, Value Added Products and Services, Short Message Services (SMS), Multimedia Messaging Services (MMS), a Rich Communication Services (RCS) platform, Big Data Insights, and a Video Games Division (inactive).
How does FingerMotion generate revenue?
FingerMotion earns revenue by providing mobile payment and recharge services to customers of telecommunications companies in China.
What is the core business of FingerMotion?
The core business of FingerMotion is focused on mobile payment and recharge platform solutions in China.
What is FingerMotion's vision for the future?
FingerMotion aims to rapidly grow its user base through organic means and develop an ecosystem of highly engaged users utilizing innovative applications.
What sets FingerMotion apart from other companies in the mobile services industry?
FingerMotion stands out for its comprehensive range of services, including mobile payment and recharge solutions, Big Data Insights, and a focus on developing value-added technologies for its users.
Where can I find more information about FingerMotion, Inc.?
For more information on FingerMotion, visit their official website at https://fingermotion.com/.
How does FingerMotion plan to expand its services in the future?
FingerMotion plans to introduce new offerings such as cloud-based services, lifestyle apps, and potentially health and auto insurance to expand its user base and drive growth.
What recent achievements has FingerMotion, Inc. celebrated?
FingerMotion recently received awards at the FiNext Conference for Excellence in Finance - Companies and Excellence in Finance - Leaders, recognizing the company's performance and CEO's contribution to the finance industry.
What legal actions has FingerMotion been involved in recently?
FingerMotion filed a federal lawsuit against Capybara Research and Accretive Capital LLC d/b/a Benzinga for securities fraud, tortious interference, and defamation, aiming to redress the damage caused by false and malicious articles.
How has FingerMotion performed financially in the past year?
FingerMotion reported strong revenue growth year over year, with a rise in gross profit coming from its Telecom Products and Services business despite increased general and administrative expenses.
FingerMotion, Inc.
Nasdaq:FNGR
FNGR Rankings
FNGR Stock Data
108.15M
38.34M
28.74%
2.16%
3.15%
Telecom Services
Services-prepackaged Software
United States of America
SINGAPORE