Revenue Performance - Reported annual revenue of $35.61 million, a decrease of $0.18 million or 0.5% compared to FY 2024[7] - Year over Year decline in Telecommunications Products & Services revenue of $5.59 million or 17% compared to FY 2024[7] - Year over Year growth in SMS & MMS revenue of $5.52 million or 206% compared to FY 2024[7] Financial Position - At February 28, 2025, total assets were $48.82 million and total liabilities were $35.16 million[13] - Cash balance at February 28, 2025, was $1.13 million with a working capital surplus of $6.90 million[13] Profitability - Reported annual net loss of $5.11 million, an increase of $1.30 million or 34% compared to FY 2024[7] Expenses - Marketing costs increased by $136,206 or 97% due to the promotion of the newly launched DaGe App platform[9] - General and administrative expenses decreased by $137,710 or 2% during the year[9] Strategic Initiatives - Introduction of new platforms such as the DaGe Platform and C2 Platform contributed to revenues in FY 2025[9] - Company remains committed to growth strategy through platform development and market expansion efforts[9]

Singapore, Singapore--(Newsfile Corp. - May 30, 2025) - FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services, data, and technology company, is pleased to report its financial results for the fiscal year ended February 28, 2025. To review the full financial results, please view the Company's recent 10-K filing at www.sec.gov/edgar/search, which should be read in connection with this news release.FY 2025 Financial Summary (results expressed in US$ unless otherwise indicated) ...

Dividend Policy and Restrictions - The company has not declared or paid any dividends on its common stock and intends to retain all available funds for operations and growth[26]. - The company's ability to pay dividends is subject to PRC legal restrictions, which permit payments only from accumulated after-tax profits[28]. - The ability to pay dividends is limited to the registered capital amount of the WFOE, as determined by Chinese accounting standards[35]. - The Chinese government imposes controls on the conversion of RMB into foreign currencies, potentially complicating the remittance of dividends[35]. - The company relies on payments from the VIE to the WFOE to facilitate dividend payments to shareholders[31]. - The ability to pay dividends is subject to Chinese taxes, including a 6% VAT and 25% enterprise income tax, which may restrict cash flow[31]. - Current Chinese regulations allow the WFOE to pay dividends only out of its registered capital, which may limit the Company's ability to distribute profits[35]. - The company’s WFOE must allocate at least 10% of annual after-tax profits to a statutory general reserve fund until it reaches 50% of registered capital[28]. Regulatory Compliance and Risks - The company has not received any inquiries or sanctions from the CSRC regarding the Overseas Listing Trial Measures as of the report date[23]. - The Overseas Listing Trial Measures require domestic companies to file with the CSRC for overseas offerings if certain conditions are met, potentially impacting the company's operations[20]. - The company faces uncertainties regarding the interpretation and application of Chinese laws and regulations, which could materially affect its operations[19]. - The company faces risks related to the interpretation of Chinese laws and regulations regarding the VIE structure, which could materially affect operations[18]. - The PCAOB determined it could inspect registered public accounting firms in mainland China and Hong Kong, affecting the company's compliance status under the HFCAA[36]. - As of the latest report, the company is not a Commission Identified Issuer under the HFCAA, reducing the risk of delisting from Nasdaq[36]. - The enactment of the HFCAA could still cause investor uncertainty and negatively impact the market price of the company's common stock[37]. - The Overseas Listing Trial Measures require domestic companies to comply with filing procedures for overseas offerings, with penalties for non-compliance ranging from RMB1,000,000 to RMB10,000,000[20]. VIE Structure and Financial Implications - The company relies on payments from its VIE to its WFOE under the VIE Agreements for cash requirements, including dividends[25]. - The VIE is obligated to make payments to the WFOE, but such payments are subject to Chinese taxes, including a 6% VAT and 25% enterprise income tax[25]. - The VIE is obligated to make payments to the WFOE, which may be restricted by Chinese taxes including a 6% VAT and 25% enterprise income tax[31]. - The company relies on payments from the VIE to the WFOE for cash requirements, which may be limited by various regulatory restrictions[31]. Cybersecurity and Investigations - The company has not been involved in any cybersecurity investigations by Chinese regulatory authorities as of the report date[19]. - The company has not been involved in any cybersecurity investigations by Chinese regulatory authorities as of the report date[19].

FingerMotion to Present at the LD Micro Invitational XVApril 03, 2025 9:00 AM EDT | Source: LD MicroSingapore, Singapore--(Newsfile Corp. - April 3, 2025) -  FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services, data and technology company, is pleased to announce the Company's participation in the 15th Annual LD Micro Invitational at the Westin Grand Central in New York on April 9th and 10th, 2025.FingerMotion, Inc. is scheduled to present on April 10, 2025 at ...

Company Participation - FingerMotion, Inc. will participate in the 37th Annual ROTH Conference from March 16 to 18, 2025, at The Laguna Cliffs Marriott in Dana Point, California [1] - The event will feature 1-on-1 meetings, small group discussions, fireside chats, and panels with executive management from approximately 450 companies across various growth sectors [2] Management's Perspective - FingerMotion's CEO, Martin Shen, expressed excitement about the conference, highlighting it as an excellent platform to showcase the company's innovative products and services to the investment community [4] Company Overview - FingerMotion is a technology company specializing in mobile payment and recharge platform solutions in China, aiming to grow its user base and develop an ecosystem of highly engaged users [6] - The company aspires to serve over 1 billion users in the Chinese market and plans to expand its model to other regional markets [6]

Company Overview - FingerMotion, Inc. is a mobile services, data, and technology company focused on mobile payment and recharge platform solutions in China [1] - The company aims to grow its user base organically and develop an ecosystem of highly engaged users utilizing its innovative applications [1] - FingerMotion's long-term vision includes serving over 1 billion users in the China market and expanding to other regional markets [1] Recent Developments - The company held its annual meeting of stockholders on February 28, 2025, where several key decisions were made [1] - Martin J. Shen, Hsien Loong Wong, Yew Poh Leong, Eng Ho Ng, and Tuck Seng Low were elected to the Board of Directors [3] - CT International LLP was appointed as the independent registered public accounting firm for the company [3] - The executive compensation was approved, and Martin J. Shen was re-appointed as President and CEO, while Yew Hon Lee was re-appointed as CFO, Secretary, and Treasurer [3]

Core Insights - FingerMotion, Inc. has been awarded multiple contracts to equip emergency response vehicles with its Advanced Mobile Integrated Command and Communication Platform (C2 Platform) to enhance communication and coordination capabilities for emergency agencies [1][3]. Group 1: Contract Details - The contracts were secured through a competitive public tender process that evaluated technical capability, cost-effectiveness, and regulatory compliance [2]. - Shanghai JiuGe Information Technology Co., Ltd., a subsidiary of FingerMotion, was selected as the preferred partner for providing tailored solutions [2]. Group 2: Product Features - The emergency response vehicles will feature the Advanced Satellite Emergency Command Platform, which includes a unified in-vehicle communications unit, a smart PTZ camera, a satellite communications terminal, an unmanned aerial vehicle, and a multimedia command and dispatch system [3]. - The platform ensures uninterrupted communication for first responders, allowing for real-time critical information exchange, which is essential for effective decision-making and mission planning [4]. Group 3: Company Vision and Market Strategy - FingerMotion aims to expand its market reach for emergency response solutions through collaboration with partners in the sector [3]. - The company is focused on growing its user base in China and developing additional value-added technologies to enhance user engagement [5].

Financial Performance - Reported quarterly revenue of $8.53 million, an increase of $2.39 million or 39% compared to Q3 of fiscal 2024[8] - Reported quarterly loss of $1.66 million, a decrease of $0.28 million or 15% compared to Q3 of fiscal 2024[11] - Basic and diluted loss per share improved to $0.03 from a loss per share of $0.04 for Q3 of fiscal 2024[11] - General and administrative expenses decreased by $676,566 or 30% during Q3 2025[11] Revenue Segments - Telecommunications Products & Services revenue increased by $2.36 million or 39% compared to Q3 of fiscal 2024[8] Assets and Liabilities - Total assets as of November 30, 2024, were $31.94 million, with total liabilities of $22.36 million[11] - Cash and cash equivalents stood at $164,600 with a working capital surplus of $9,426,608[11] Strategic Initiatives - Company aims to capitalize on new growth opportunities in the Command and Communications segment[9] - Successful completion of recent financing expected to support key initiatives and value creation for shareholders[9] - Company plans to accelerate monetization of partnerships within its Big Data Business[9]

Core Viewpoint - FingerMotion, Inc. reported a 39% increase in revenue for Q3 2025, driven by growth in its Telecommunications Products and Services division, and is positioned to capitalize on new growth opportunities in the Command and Communications segment and Big Data Business partnerships [2][5]. Financial Performance - Quarterly revenue reached $8.53 million, an increase of $2.39 million or 39% compared to Q3 of fiscal 2024 [5]. - Revenue from Telecommunications Products and Services increased by $2.36 million or 39% compared to Q3 of fiscal 2024 [5]. - SMS and MMS business revenue was reported at $44,457, up from $7,900 in Q3 of fiscal 2024 [5]. - Big Data revenue was reported at $0, down from $5,584 in Q3 of fiscal 2024 [5]. - Cost of revenue increased by $2.59 million or 47% compared to Q3 of fiscal 2024, totaling $8.09 million [5]. - Gross profit was $0.44 million, a decrease of $0.19 million or 30% compared to Q3 of fiscal 2024 [5]. - The company reported a quarterly loss of $1.66 million, a decrease of $0.28 million or 15% compared to Q3 of fiscal 2024 [5]. - Basic and diluted loss per share improved to $0.03 from a loss of $0.04 in Q3 of fiscal 2024 [5]. Operational Insights - General and administrative expenses decreased by $676,566 or 30% during Q3 2025, while marketing costs increased by $99,515 or 243% [5]. - Share compensation expenses rose by $71,071 or 66% [5]. - As of November 30, 2024, the company had $164,600 in cash and cash equivalents, a working capital surplus of $9,426,608, and shareholders' equity of $9,583,495 [5]. - Total assets were reported at $31.94 million, with total current liabilities at $22.32 million and total liabilities at $22.36 million [5]. - The company had 53,807,850 shares of common stock issued and outstanding as of November 30, 2024 [5]. Company Overview - FingerMotion is a technology company specializing in mobile payment and recharge platform solutions in China, aiming to grow its user base organically and develop a highly engaged ecosystem [3]. - The company envisions serving over 1 billion users in the China market and expanding its model to other regional markets [3].

Revenue Performance - Revenue for the three months ended November 30, 2024, was $8,534,079, representing a 39% increase from $6,140,146 in the same period of 2023[11]. - Revenue for the nine months ended November 30, 2024, was $25,366,825, a decrease of 8% compared to $27,588,403 for the same period in 2023[11]. - For the nine months ended November 30, 2024, the company reported revenue of $25,366,825, a decrease from $27,588,403 for the same period in 2023, representing a decline of approximately 8.9%[61]. - Revenue from Telecommunication Products & Services was $17,125,936 for the nine months ended November 30, 2024, down from $27,332,154 in 2023, representing a decline of approximately 37%[62]. - The SMS & MMS Business generated $8,212,021 in revenue, significantly down from $24,213 in the previous year[62]. - The VIE subsidiary reported revenue of $20,991,002 for the nine months ended November 30, 2024, significantly up from $7,573,286 for the same period in 2023, representing an increase of approximately 177.5%[36]. - For the nine months ended November 30, 2024, revenue from JiuGe Technology was $4,375,824, a decrease of 77% compared to $18,952,973 for the same period in 2023[35]. Profitability and Losses - Gross profit for the three months ended November 30, 2024, was $443,570, down 30% from $637,995 in the same period of 2023[11]. - Net loss attributable to the Company's shareholders for the three months ended November 30, 2024, was $1,660,801, compared to a loss of $1,944,343 in the same period of 2023[11]. - The company reported a comprehensive loss of $1,935,286 for the three months ended November 30, 2024, compared to a loss of $1,692,409 in the same period of 2023[11]. - The net loss for the nine months ended November 30, 2024, was $5,009,095, compared to a net loss of $3,344,717 for the same period in 2023, indicating a significant increase in losses[14]. - The company's net loss for the nine months ended November 30, 2024, was $5,009,095, compared to a net loss of $3,344,717 for the same period in 2023, indicating an increase in losses of approximately 49.7%[59]. - The total comprehensive income for the period included a loss of $(1,944,343), highlighting the ongoing financial difficulties faced by the company[14]. Assets and Liabilities - Total current assets increased to $31,745,513 as of November 30, 2024, from $18,724,918 as of February 29, 2024[10]. - Total liabilities rose to $22,358,838 as of November 30, 2024, compared to $6,753,915 as of February 29, 2024[10]. - Accounts receivable saw a substantial increase of $17,296,795, compared to a decrease of $5,072,577 in the previous year, reflecting a worsening cash flow situation[14]. - The accumulated deficit increased to $(28,035,209) as of November 2023, reflecting ongoing financial challenges[13]. - The company had an accumulated deficit of $33,453,767 as of November 30, 2024, compared to $28,448,833 as of February 29, 2024, indicating an increase in the deficit of approximately 17.6%[59]. - Total liabilities of the VIE subsidiary as of November 30, 2024, were $26,019,060, up from $9,181,719 as of February 29, 2024, representing a significant increase of approximately 183.5%[33]. Cash Flow and Financing - The company reported a net cash used in operating activities of $4,586,866 for the nine months ended November 30, 2024, an improvement from $6,953,025 in the same period of 2023[14]. - Cash at the end of the period was $164,600, a significant decrease from $1,934,565 at the end of November 30, 2023[14]. - The company recorded a net cash provided by financing activities of $3,239,306 for the nine months ended November 30, 2024, contrasting with a net cash used of $(295,333) in the prior year[14]. - The company issued common stock for cash totaling $1,642,500 during the nine months ended November 30, 2024, compared to $840,000 in the same period of 2023[14]. - The Company needs to secure additional financing to fund operations and achieve profitability, with no assurance that it can obtain such financing on acceptable terms[60]. Stock and Equity - The number of common shares outstanding increased to 53,807,850 as of November 30, 2024, from 52,545,350 as of February 29, 2024[10]. - The weighted average number of common shares outstanding was 52,898,259 for basic and diluted calculations for the nine months ended November 30, 2024, compared to 52,044,125 for the same period in 2023[99]. - The total number of outstanding stock options as of November 30, 2024, remained at 6,039,100, with an exercise price of $4.18[98]. - The balance of common stock increased to 53,807,850 shares by November 2024, up from 52,545,350 shares in November 2023, indicating an increase of approximately 2.4%[13]. - The company issued 1,095,000 shares of common stock at $1.50 per share for gross proceeds of $1,642,500 on October 11, 2024[83]. Operational Expenses - The company incurred research and development expenses of $146,735 for the three months ended November 30, 2024, down from $176,119 in the same period of 2023[11]. - Share-based compensation expenses amounted to $988,639 for the nine months ended November 30, 2024, up from $927,372 in the prior year[14]. - The total operating expenses for JiuGe Technology for the nine months ended November 30, 2024, were $1,925,891, slightly down from $1,952,859 in 2023[35]. Other Financial Metrics - The effective income tax rate for the Company was 0.0% for the nine months ended November 30, 2024, consistent with the previous year[103]. - The loss per common share for the nine months ended November 30, 2024, was $0.09 for both basic and diluted calculations, compared to $0.06 for the same period in 2023[99]. - The deferred tax asset from operating losses carry-forwards increased to $2,893,532 as of November 30, 2024, from $939,380 as of February 29, 2024[106].