Core Points - FingerMotion, Inc. has successfully closed a registered direct offering, raising $5.0 million through the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 additional shares [5][12]. - The offering was priced at $1.50 per share, with each share sold together with one and one-half warrants, which have an exercise price of $1.50 and are exercisable for five years [12][13]. - The net proceeds from the offering, approximately $4.44 million after expenses, will be used for general corporate and working capital purposes [13]. Company Overview - FingerMotion is a technology company focused on mobile payment and recharge platform solutions in China, aiming to grow its user base organically and develop a highly engaged ecosystem [8]. - The company envisions serving over 1 billion users in the Chinese market and plans to expand its model to other regional markets [8].

Company Overview - FingerMotion, Inc. is a mobile services and data company focused on mobile payment and recharge platform solutions in China, aiming to grow its user base and develop an ecosystem of highly engaged users [5][7]. Offering Details - The company has entered into a definitive securities purchase agreement for the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined public offering price of $1.50 per share [5]. - The gross proceeds from this offering are expected to be approximately $5.0 million, which will be used for general corporate purposes [3]. Market Position and Strategy - FingerMotion aims to serve over 1 billion users in the China market and plans to expand its model to other regional markets [7]. - The company is developing additional value-added technologies to market to its growing user base, with a vision to enhance user engagement through innovative applications [7]. Regulatory Compliance - The securities are being offered under a "shelf" registration statement previously filed with the SEC, and the offering will be made only by means of a prospectus [6].

Financial Performance - Reported quarterly revenue of $8.46 million, a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024[2] - Reported quarterly loss attributable to shareholders of $1.69 million, an increase of $1.55 million or 1,159% compared to Q2 of fiscal 2024[2] - Reported gross profit of $0.30 million, a decrease of $1.54 million or 84% compared to Q2 of fiscal 2024[2] - Reported basic and diluted loss per share of $(0.03) versus a loss per share of $(0.00) for Q2 of fiscal 2024[2] - The company reported a quarterly decrease in Telecommunications Products & Services business revenue of $0.77 million compared to Q2 of fiscal 2024[2] Assets and Liabilities - At August 31, 2024, total assets were $30.19 million and total current liabilities were $20.24 million[2] - At August 31, 2024, the company had $810,284 in cash and cash equivalents[2] - 52,712,850 shares of common stock were issued and outstanding as of August 31, 2024[2] Expenses - General and administrative expenses decreased by $86,320 or 5% during Q2 2025, while marketing costs increased by $13,145 or 22%[3] Future Outlook - The company expects significant revenue growth from cloud-based services and the Command & Communication segment for the remainder of the fiscal year[3]

Core Viewpoint - FingerMotion, Inc. reported a decline in revenue and increased losses for Q2 2025, but expressed optimism about growth in its Cloud services and Command & Communication segments [2][3]. Financial Performance - The company reported quarterly revenue of $8.46 million, a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024 [2]. - Telecommunications Products & Services revenue decreased by $0.77 million or 8% compared to Q2 of fiscal 2024 [2]. - SMS & MMS business revenue was $3,770, down from $8,192 in Q2 of fiscal 2024 [2]. - Command & Communication revenue was $28,730, compared to $0 in Q2 of fiscal 2024 [2]. - Big Data revenue was $0, down from $76,746 in Q2 of fiscal 2024 [2]. - Cost of revenue increased to $8.16 million, up by $0.72 million or 10% compared to Q2 of fiscal 2024 [2]. - Gross profit was $0.30 million, a decrease of $1.54 million or 84% compared to Q2 of fiscal 2024 [2]. - The company reported a loss attributable to shareholders of $1.69 million, an increase of $1.55 million or 1,159% compared to Q2 of fiscal 2024 [2]. - Basic and diluted loss per share was $(0.03) compared to $(0.00) for Q2 of fiscal 2024 [2]. - As of August 31, 2024, the company had $810,284 in cash and cash equivalents, a working capital surplus of $9,708,861, and shareholders' equity of $9,878,372 [2]. Strategic Outlook - The CEO noted a positive shift in product mix with increased revenue from higher-margin Cloud services, indicating confidence in future gross margin improvement [3]. - The company expects its cloud-based services and Command & Communication segment to drive significant revenue growth for the remainder of the fiscal year [3]. - General and administrative expenses decreased by $86,320 or 5%, while marketing costs increased by $13,145 or 22% [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2024 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 | --- | --- | --- | |-------------------------------------------------------------------- ...

● . . | --- | --- | |-----------------------------------------------------|-------| | | | | Certification from China's Ministry of Industry and | | | Information Technology | | August 19, 2024 9:15 AM EDT | Source: FingerMotion, Inc. Singapore, Singapore--(Newsfile Corp. - August 19, 2024) - FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services and data company, today announced that the Advanced Mobile Integrated C2 Platform, developed by Shanghai JiuGe Information Technolog ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 001-41187 46-4600326 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 June 28, 2024 Date of Report (Date of earliest event reported) 111 Somerset Road, Level 3 Singapore 238164 (Address of principal execut ...

FINGERMOTION, INC. Three months ended May 31, 2024 and 2023 Notes to the Condensed Consolidated Financial Statements | --- | --- | --- | |---------------------------|------------------------------|---------------------| | | May 31, 2024 \n(unaudited) | February 29, 2024 | | Current assets | $ 11,370,972 | $ 10,578,657 | | Non-current assets | 241,953 | 53,109 | | Total assets | $ 11,612,925 | $ 10,631,766 | | | | | | Current liabilities | $ 11,004,071 | $ 9,654,896 | | Non-current liabilities | 98,678 | — | ...

When bigger firms show inflated values and the S&P 500's price-to-earnings ratio is at a hefty 24.79x earnings, penny stocks offer an exciting alternative. There are rumblings about high-valued tech giants being responsible for driving index return rates up causing fears regarding overvaluation — making it plausible that money might start flowing into less capitalized businesses soon enough. It's definitely worth keeping an eye out for this possible trend! Genworth Financial (GNW) It has shown promising res ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 30, 2024 Date of Report (Date of earliest event reported) FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 001-41187 46-4600326 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 111 Somerset Road, Level 3 Singapore 238164 (Address of principal executi ...