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FingerMotion(FNGR) - 2026 Q1 - Quarterly Results
2025-07-16 20:16
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]
FingerMotion Reports Q1 2026 Financial Results
Newsfile· 2025-07-16 13:00
Singapore, Singapore--(Newsfile Corp. - July 16, 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 first quarter of fiscal 2026 for the period ended May 31, 2025. To review the full financial results, please view the Company's recent 10-Q filing at www.sec.gov/edgar/search or on the Company's website at www.fingermotion.com/investor-relations/financial-information/details, which sho ...
FingerMotion(FNGR) - 2026 Q1 - Quarterly Report
2025-07-15 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2025 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 001-41187 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 46-460032 ...
FingerMotion's Subsidiary JiuGe Technology and Qingling Motors Collaborate on Advancing Intelligent Vehicle Solutions
Newsfile· 2025-06-16 13:00
FingerMotion's Subsidiary JiuGe Technology and Qingling Motors Collaborate on Advancing Intelligent Vehicle SolutionsJune 16, 2025 9:00 AM EDT | Source: FingerMotion, Inc.Singapore, Singapore--(Newsfile Corp. - June 16, 2025) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data, and technology company, is pleased to announce that its subsidiary, Shanghai JiuGe Information Technology Co., Ltd. ("JiuGe Technology"), is working with Qingling Motors Group ...
FingerMotion Subsidiary JiuGe Technology Forms Strategic Collaboration with Zhejiang Jincheng Automotive to Co-Develop Advanced Emergency Response Vehicles
Newsfile· 2025-06-09 13:00
FingerMotion Subsidiary JiuGe Technology Forms Strategic Collaboration with Zhejiang Jincheng Automotive to Co-Develop Advanced Emergency Response VehiclesJune 09, 2025 9:00 AM EDT | Source: FingerMotion, Inc.Singapore, Singapore--(Newsfile Corp. - June 9, 2025) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, today announced that its wholly owned subsidiary, Shanghai JiuGe Information Technology Co., Ltd. ("JiuGe Technology ...
FingerMotion, Inc. Reports FY 2025 Financial Results
Newsfile· 2025-05-30 12:00
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) ...
FingerMotion(FNGR) - 2025 Q4 - Annual Report
2025-05-29 11:00
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 XV
Newsfile· 2025-04-03 13:00
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 ...
FingerMotion Announces Participation in the 37th Annual ROTH Conference
Newsfile· 2025-03-14 22:11
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]
FingerMotion Announces Results of Annual Meeting
Newsfile· 2025-03-04 14:00
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]