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 (NASDAQ: FNGR) is a leading provider of mobile payment solutions and integrated telecommunications services in China, specializing in secure transaction platforms and big data analytics. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders tracking FNGR's market position.
Investors and analysts will find timely updates on earnings reports, product launches, and partnerships that drive the company's growth in sectors like mobile payments, emergency response technology, and EV infrastructure. All content is sourced from verified releases to ensure accuracy and compliance with financial disclosure standards.
Key coverage areas: quarterly financial results, innovations in SMS/MMS communication platforms, expansions of the C2 emergency response system, and collaborations with telecom operators. Bookmark this page for streamlined access to FNGR's evolving role in China's digital ecosystem.
FingerMotion, Inc. (NASDAQ:FNGR) announced the outcomes of its annual meeting held on February 17, 2023. Key decisions included the election of four board members, the appointment of Centurion ZD CPA & Co. as the independent auditor, and the approval of the 2023 Stock Incentive Plan. Additionally, an amendment to reduce the exercise price of stock options from $8.00 to $3.84 was approved. However, two proposals regarding share issuance to the primary lender and a reduction of the floor price were not approved. The current executive team, including CEO Martin Shen and CFO Yew Hon Lee, was re-appointed.
FingerMotion, Inc. (NASDAQ:FNGR) reported its financial results for Q3 2023, achieving a record revenue of $11.40 million, a notable 93% increase year-over-year. The telecommunications segment showed remarkable growth, with 215% revenue growth year-over-year. However, the company faced a 67% decline in SMS & MMS revenue. Despite a 143% rise in losses to $2.52 million, the company holds a strong cash position of $11.87 million and a working capital surplus of $16.71 million. The CEO expressed optimism for recovery in revenue trends post-COVID restrictions in China.
FingerMotion, Inc. (NASDAQ:FNGR) anticipates quarterly revenues exceeding $10 million for the period ending November 30, 2022, driven by growth in its core businesses. The company raised $15.5 million through private placements to support operations, with $11.5 million remaining for potential debt repayment and revenue generation. Although the lender has not responded to repayment offers, monthly payments will begin on February 9, 2023. CEO Martin Shen emphasized that revenue growth is expected, aided by the upcoming device protection program, which could significantly boost margins.
FingerMotion Inc. (FNGR) has signed a service agreement with ShareIntel to aid in the investigation of potential illegal naked short selling of its stock over the past two years. This partnership will leverage ShareIntel's patented DRIL-Down™ process to analyze trading history, identify unusual trading activity, and protect shareholder interests. CEO Martin Shen emphasized the company's obligation to investigate irregular trading patterns to safeguard investor value. The collaboration aims to expose possible market manipulation, aligning with the Christian Warshaw Group's ongoing efforts against illegal stock practices.
FingerMotion (NASDAQ:FNGR) announces a significant advancement in collaboration with Munich Re, aiming to commercialize their behavioral research in the Chinese market. Their joint efforts will utilize a proprietary behavior intelligence system from FingerMotion's subsidiary, JiuGe Technology, to develop algorithms enhancing insurance underwriting and risk assessment. This partnership is set to drive innovations in customer profiling, claims management, and risk selection, contributing to a more efficient insurance model. The long-term goal is to transform insurance experiences through analytic innovation.
FingerMotion, Inc. (NASDAQ: FNGR) announces its participation in The Benchmark Company’s 11th Annual Discovery One-on-One Investor Conference on December 1, 2022, at The New York Athletic Club. CEO Martin Shen will conduct one-on-one meetings with potential investors, providing a platform for emerging growth companies to engage with institutions and individuals. Attendees can schedule meetings through online registration or contact Investor Relations via email.
FingerMotion specializes in mobile payment solutions in China, aiming to grow its user base and expand its market reach.
FingerMotion, Inc. (Nasdaq: FNGR) announced a cooperation agreement with Suning.com through its subsidiary, JiuGe, to provide top-up services via Suning.com's e-commerce portal. This collaboration supports operational aspects such as platform development and marketing. CEO Martin Shen highlighted the expansion of their top-up business, securing partnerships with 5 of the top 10 Chinese e-commerce platforms, attributed to their open-source technology. Additionally, the board approved a six-month extension for the October 2020 Warrants, now expiring on April 19, 2023.
FingerMotion (NASDAQ:FNGR) reported a record quarterly revenue of $4.98 million for Q2 2023, a 2.5% increase from the previous quarter. The Telecommunications Products & Services revenue rose by 64% to $1.10 million. However, SMS & MMS revenue fell by 42% to $1.53 million. The company incurred a loss of $1.54 million, a 6% increase compared to Q2 2022. As of August 31, 2022, cash was $1.98 million with positive shareholders' equity of $2.17 million. The company anticipates further growth in its mobile recharge and big data divisions as operations stabilize post-lockdown.
FingerMotion, Inc. (NASDAQ: FNGR) announced its participation in the Emerging Growth Conference scheduled for October 12, 2022, at 2:30 p.m. ET. CEO Mr. Shen will present a corporate overview and respond to questions during the 30-minute session. The presentation aims to engage both individuals and institutions interested in FingerMotion's growth in mobile services and data. An archived version of the session will be available for those unable to attend live. The conference is designed to showcase innovative companies and their advancements in various growth sectors.
FingerMotion (NASDAQ:FNGR) has achieved significant milestones for its subsidiary, Sapientus, in big data analytics. The company has strengthened its partnership with Pacific Life Re, upgraded its analytic engine for better insurance risk rating, and rolled out an API for real-time feedback to insurance companies. Additionally, seven patents have been granted by the National Copyright Administration of China, validating the innovative capabilities of Sapientus in the fintech sector. CEO Martin Shen emphasizes the potential for further commercialization.
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