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) reported its Q1 2023 financial results, posting a record revenue of $4.86 million. Despite this, the company experienced significant declines in key revenue segments: a 20% drop in SMS & MMS and a 13% decrease in Telecommunications Products. The quarterly loss increased to $1.44 million from $0.91 million year-over-year. General expenses rose by 5%, while R&D costs surged 56%. However, the mobile recharge business showed potential growth, aided by the transition to 5G. As of May 31, 2022, assets totaled $9.21 million.
FingerMotion, Inc. (Nasdaq: FNGR) has launched new mobile device protection products through its subsidiary, TengLian, beginning in Henan, China, which has a mobile subscriber base of 90 million. This initiative targets the broader Chinese market of 1.2 billion subscribers, capitalizing on a projected $10.6 billion market for mobile protection products. The offerings include enhanced protection for device components and trade-in programs. The partnership with a Fortune 500 insurance company positions FingerMotion to meet customer needs effectively, and CEO Martin Shen anticipates significant revenue growth from this venture.
FingerMotion, Inc. (NASDAQ: FNGR) announced its participation as a Gold Sponsor at the 12th Annual LD Micro Invitational Conference in California. The company's main presentation is set for June 8, 2022, at 2:30 p.m. PT, hosted by CEO Martin Shen. Live access will be available online. FingerMotion specializes in mobile payment and recharge platform solutions in China and aims to significantly grow its user base and ecosystem, eventually targeting over 1 billion users in the China market.
FingerMotion (NASDAQ:FNGR) reported its FY 2022 financials, showing a 37% revenue increase to $22.93 million. Significant growth was noted in Telecommunications Products & Services revenue, up 170% to $5.45 million. Gross profits increased by 71% to $2.81 million, while the net loss rose 13% to $4.94 million, translating to a loss per share of $0.12. The company maintained a working capital surplus of $4.93 million and positive shareholder equity of $5.09 million. Future initiatives include enhancing gross margins.
FingerMotion, Inc. (NASDAQ:FNGR) announced its presentation at the Planet MicroCap Showcase 2022 on May 4, 2022, at 8:00 AM PT (11:00 AM ET) in Las Vegas. CEO Martin Shen will lead the presentation, which attendees can access via a webcast link. The company focuses on mobile payment and recharge solutions in China, aiming to grow its user base organically and create a high-engagement ecosystem. FingerMotion seeks to serve over 1 billion users and expand to other regional markets in the future.
Argus Research has initiated coverage on Fingermotion, Inc. (NasdaqCM: FNGR), highlighting its advantageous position in telecommunications services in China. The firm projects substantial growth driven by the company's mobile payment solutions and partnerships with telecom giants like China Mobile and China Unicom. For fiscal 2022, FNGR reported revenue exceeding $17.3 million, a 50% year-over-year increase. Argus estimates a fair value of $9.00 per share, suggesting significant upside potential from current trading levels around $3.00.
Argus Research has initiated coverage on Fingermotion, Inc. (NasdaqCM: FNGR), highlighting the company's innovative strategies in mobile payment and recharge solutions, targeting China's major telecom providers. The report notes a projected revenue increase over 50% year-over-year, reaching approximately $17.3 million in the first nine months of fiscal 2022. The analysis suggests a fair value estimate of $9.00 per share, significantly above the current trading price of $3.00. Fingermotion aims to capitalize on its telecom ties and new technology markets, especially in InsurTech.
FingerMotion, Inc. (NASDAQ:FNGR) announced a strategic cooperation agreement with China Mobile and TengLian to develop a device protection insurance product targeting over 1 billion users in China. This partnership is pivotal, covering 80% of the Chinese market. The company anticipates reaching 1 million devices under protection by the end of 2022 and aims to grow its user base to over 20 million in three years. CEO Martin Shen emphasized the stability of their revenue streams and the potential growth from the 5G replacement cycle.
FingerMotion (NASDAQ: FNGR) announced the rollout of a new device protection insurance product in collaboration with China Unicom, expanding a partnership initiated in 2019. This insurance, which covers mobile phone screen damages and warranty extensions, targets the network's 400 million users and aims to enhance customer retention as they upgrade to 5G. The initial rollout will focus on four provinces, starting with Henan, aiming for 500,000 users within the year. FingerMotion anticipates boosting user engagement through this innovative service.
FingerMotion, Inc. (NASDAQ:FNGR) has released a video message from its CEO outlining corporate updates and future expectations for 2022. The company successfully uplisted to the Nasdaq Capital Market in late December 2021, enhancing visibility to investors. Notable points include growth in the 'top-up' business with major e-commerce platforms, significant revenue generation from the SMS division, and plans to launch new device protection brands. The company also anticipates entering the Insurtech space, presenting potential revenue growth opportunities.
