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 Q3 2022 financial results, revealing a revenue increase of 21% to $5.9 million compared to Q3 2020. The Telecommunications Products & Services revenue surged by 580%, amounting to $2.8 million. However, the SMS & MMS segment saw a 40% decline, equating to a $1.78 million revenue loss. Despite achieving a gross profit of $967,075, the net loss rose by 47% to $1,037,172. The company had a positive cash balance of $1.1 million and a working capital surplus of $5.5 million.
FingerMotion, Inc. (FNGR) has engaged Skyline Corporate Communications Group to enhance its investor relations and corporate communications. The partnership aims to communicate the company's growth strategies and objectives effectively. CEO Martin Shen highlighted the Nasdaq listing and robust operational activities as reasons for this collaboration. FingerMotion specializes in mobile payment solutions in China and seeks to expand its user base, aiming to serve over 1 billion users in the future.
FingerMotion, Inc. (OTCQX:FNGR) announced its approval to list its shares on the Nasdaq Capital Market, with trading commencing on December 28, 2021. CEO Martin Shen emphasized the greater exposure this listing provides to investors as the company pursues ambitious growth strategies, including expansion into new markets worldwide. FingerMotion specializes in mobile payment solutions in China and aims to rapidly grow its user base along with developing value-added technologies. The company aspires to serve over 1 billion users in China and expand to other regions.
FingerMotion (OTCQX:FNGR) announced a partnership between its subsidiary, JiuGe Technology, and Munich Re to enhance behavioral analytics for the insurance market in China. The collaboration aims to improve understanding of morbidity patterns and improve products and services for consumers. Utilizing JiuGe's Sapientus platform, the alliance seeks to drive innovation in risk assessment, product customization, and claims management. This partnership highlights a focus on customer profiling and efficient service delivery, aligning with market demands for improved insurance experiences.
FingerMotion has announced the results of its annual stockholder meeting held on November 22, 2021. Key outcomes include the election of Hsien Loong Wong, Leong Yew Poh, Michael Chan, and Ng Eng Ho to the Board of Directors, and the appointment of Centurion ZD CPA & Co. as the independent accounting firm. Additionally, the 2021 Stock Incentive Plan and executive compensation were approved, with annual votes on compensation established. Executives Martin Shen and Yew Hon Lee were re-appointed as CEO and CFO, respectively.
FingerMotion (OTCQX: FNGR) has announced that its subsidiary, JiuGe, has trademarked two new brands, 'Ji Shi Fu' and 'Baowo'. These brands aim to introduce a device protection program for telecom customers in China, potentially covering hundreds of stores across over 10 provinces. JiuGe plans to integrate these services with the help of a major American insurance firm in early 2022, targeting mobile device repairs and upgrades. Initial beta testing will occur in several key provinces, with expectations of creating new revenue streams.
FingerMotion (OTCQX:FNGR) reported Q2 2022 financial results, achieving $5.39 million in revenue, reflecting a 25% increase in SMS & MMS revenue and a 142% growth in Telecommunications Products & Services. The net loss expanded to $1.45 million, a 51% increase year-over-year. Cash stood at $878,085 with total assets of $9.38 million. The Company's gross profit margin improved from 7% to 13%, bolstered by hardware sales. Management noted strong demand and growth potential, particularly in Big Data, alongside increased operational expenses related to business expansion.
FingerMotion (OTCQX:FNGR) announced a conference call on August 25, 2021, at 1:00 p.m. ET to provide a corporate update. The company, which specializes in mobile payment and recharge platform solutions in China, aims to grow its user base and create an engaged ecosystem. FingerMotion is one of the few companies with access to wholesale rechargeable minutes from major mobile providers in China, aiming to serve over 1 billion users in the region.
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.
