FingerMotion, Inc. - FNGR STOCK NEWS

FingerMotion, Inc. (OTCQX:FNGR) is set to host a corporate update call on August 25, 2021, at 1:00 p.m. ET. The call will be led by CEO Martin Shen and will address the company's latest quarterly financial results and its application for Nasdaq Capital Market listing. The company acknowledges no assurance of approval. The session will include a Q&A segment for investor inquiries. FingerMotion specializes in mobile payment solutions in China, aiming to grow its user base and eventually serve over 1 billion users.

FingerMotion (OTCQX: FNGR) announced on August 2, 2021, that it was asked by OTC Markets Group to comment on promotional activities related to its stock. The inquiry coincided with the company’s announcement of its application for listing on the Nasdaq Capital Market. FingerMotion stated it had no involvement in the promotion, which was circulated by third parties. While the company deemed the promotional materials not materially false, they cautioned against undue reliance on them. They also highlighted the involvement of third-party service providers and potential risks associated with investing in their securities.

FingerMotion, Inc. (FNGR) has submitted an application to list its common stock on the Nasdaq Capital Market. This move aims to enhance liquidity, increase corporate visibility, and enhance shareholder value. The approval remains subject to NASDAQ’s requirements. CEO Martin Shen highlighted this application as a significant milestone in the company's evolution. FingerMotion specializes in mobile payment solutions and has access to wholesale rechargeable minutes in China. The company plans to grow its user base organically, aiming to reach over 1 billion users globally.

FingerMotion (OTCQX:FNGR) announced its Q1 2022 financial results, reporting record quarterly revenue of $6.00 million, marking a 77% increase in SMS & MMS revenue and a 341% rise in Telecommunications Products & Services revenue compared to Q1 2021. Despite these gains, the company reported a quarterly loss of $909,506, a 57% increase from the previous year. It also experienced a significant rise in operational costs, including a 59% increase in general and administrative expenses. FingerMotion continues to expand its business model and aims for a revenue exceeding $24 million for FY 2022.

FingerMotion (OTCQX: FNGR) announced a collaboration between its subsidiary Xunlian Tianxia Technology and Happy Life Insurance to innovate in the digital insurance sector. This partnership aims to create data-driven insurance solutions addressing consumer needs, enhancing both parties' offerings. China's online insurance market is rapidly growing, with premiums exceeding 290 billion yuan (US$44.8 million) in 2020. The collaboration leverages Xunlian's data expertise and Happy Life's product knowledge to optimize insurance delivery and integrate big data into insurance models, targeting improved profitability and customer experience.

FingerMotion, Inc. (OTCQX:FNGR) reported record annual revenue of $16.68 million for the fiscal year ended February 28, 2021, indicating an 82% increase year-over-year. SMS & MMS revenue surged by 84%, while Telecommunications Products & Services increased by 76%. However, the company recorded a net loss of $4.38 million. Despite a 71% rise in gross profit to $1.65 million, expenses grew, leading to a basic loss per share of $0.13. The company's working capital surplus was $2.99 million, with positive shareholder equity of $2.11 million.

FingerMotion, Inc. (OTCQX: FNGR) announces a significant volume-based contract with China Mobile Fujian, which is expected to enhance SMS gross margins by 30%. The partnership, built on years of collaboration, enables JiuGe to secure new contracts and increase SMS revenue by 20-30% in 2021. The e-commerce top-up business anticipates a staggering 1000% revenue growth. With the introduction of 5G, opportunities for expansion are expanding. CEO Martin Shen emphasizes the company's focus on margin improvement and future growth prospects, assuring shareholders of ongoing efforts towards profitability.

Finger Motion, Inc. (OTCQX:FNGR) has released a video message from its CEO, outlining significant updates. The video discusses the Q3 results for the period ending November 30, 2020, and an agreement with Pacific Life Reinsurance. The company, focused on mobile payment solutions in China, aims to grow its user base significantly, targeting over 1 billion users. This growth may pave the way for enhanced ecosystem engagement and potential expansion into other markets. More details are available on their YouTube channel.

FingerMotion (OTCQX:FNGR) is set to present at the Emerging Growth Conference on March 3, 2021. The event, which takes place virtually, will feature CEO Martin J. Shen presenting at 12:00 PM Eastern time for 30 minutes, followed by a Q&A session. This conference allows attendees to engage directly with the company. FingerMotion focuses on mobile payment solutions in China, aiming to grow its user base rapidly, with plans potentially to serve over 1 billion users in the region. More details and registration are available on the conference website.