Workflow
FingerMotion(FNGR)
icon
Search documents
The 7 Best Penny Stocks to Buy in June 2024
Investor Place· 2024-06-13 10:15
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 ...
FingerMotion(FNGR) - 2024 Q4 - Annual Results
2024-05-30 20:44
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 ...
FingerMotion(FNGR) - 2024 Q4 - Annual Report
2024-05-29 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: February 29, 2024 ☐ Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to _______. Commission file number: 001-41187 Securities registered under Section 12(b) of the Exchange Act: | Title of each class | Trading Symbol (s) | Name of each exc ...
FingerMotion(FNGR) - 2024 Q3 - Quarterly Report
2024-01-15 16:00
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 November 30, 2023 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 46-4 ...
FingerMotion(FNGR) - 2024 Q2 - Quarterly Report
2023-10-12 16:00
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, 2023 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 20-007 ...
FingerMotion(FNGR) - 2024 Q1 - Quarterly Report
2023-07-13 16:00
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 May 31, 2023 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 20-007715 ...
FingerMotion(FNGR) - 2023 Q4 - Annual Report
2023-05-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: February 28, 2023 ☐ Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to _______. Delaware 20-0077155 (IRS Employer Identification Number) 111 Somerset Road Level 3, Singapore 238164 (Address of principal executive offices) Registrant's tel ...
FingerMotion(FNGR) - 2023 Q3 - Quarterly Report
2023-01-16 16:00
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 November 30, 2022 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 20-0 ...
FingerMotion(FNGR) - 2023 Q2 - Quarterly Report
2022-10-16 16:00
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, 2022 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 20-007715 ...
FingerMotion(FNGR) - 2023 Q1 - Quarterly Report
2022-07-14 16:00
Financial Performance - Revenue for the three months ended May 31, 2022, was $4,855,123, a decrease of 19% compared to $5,996,489 for the same period in 2021[16] - Gross profit for the same period was $377,071, down from $619,697, resulting in a gross margin of approximately 7.8%[16] - Net loss attributable to the Company's shareholders for the three months ended May 31, 2022, was $1,444,123, compared to a net loss of $911,890 for the same period in 2021, representing an increase in loss of 58%[16] - The company reported a comprehensive loss of $1,749,404 for the three months ended May 31, 2022, compared to a comprehensive loss of $851,870 for the same period in 2021[16] - The accumulated deficit increased to $18,596,295 as of May 31, 2022, up from $17,152,172 as of February 28, 2022[60] - For the three months ended May 31, 2022, the Company reported a net loss of $1,444,668 compared to a net loss of $909,506 for the same period in 2021, representing an increase in loss of approximately 58.5%[98] Assets and Liabilities - Total assets decreased to $9,205,466 as of May 31, 2022, from $10,366,905 as of February 28, 2022, reflecting a decline of approximately 11%[13] - Current liabilities increased to $5,313,091 as of May 31, 2022, compared to $5,278,655 as of February 28, 2022, indicating a slight increase of 1%[13] - Cash and cash equivalents rose to $805,548 as of May 31, 2022, from $461,933 as of February 28, 2022, marking an increase of approximately 74%[13] - The total liabilities of the VIE were $9,513,003 as of May 31, 2022, up from $8,556,844 as of February 28, 2022, reflecting an increase of about 11.2%[34] Revenue Breakdown - Revenue from Telecommunication Products & Services was $1,516,125, down from $1,737,080, while SMS & MMS Business revenue decreased from $4,160,694 to $3,338,998[63] - The VIE's revenue for the three months ended May 31, 2022, was $1,438,367, compared to $373,151 for the same period in 2021, indicating a significant increase of approximately 285.5%[37] - The VIE subsidiary reported revenue of $3,416,755 for the three months ended May 31, 2022, down from $5,524,623 in the same period of 2021, a decrease of approximately 38.2%[38] - The Big Data segment recorded no revenue for the quarter, a decline of 100% from $98,715 in the previous year[155] Operating Expenses - The total cost of revenue for the quarter ended May 31, 2022, was $4,478,052, a decrease of $898,740 or 17% compared to $5,376,792 for the same period in 2021[156] - Operating expenses for the quarter ended May 31, 2022, were $1,812,491, an increase of $336,912 or 23% compared to $1,475,579 for the same period in 2021[167] - General and administrative expenses increased to $1,239,550 for the quarter ended May 31, 2022, an increase of $59,803 or 5% compared to $1,179,747 for the same period in 2021[158] - Research and development expenses rose to $211,647 for the quarter ended May 31, 2022, an increase of $76,218 or 56% compared to $135,429 for the same period in 2021[162] Shareholder Information - The weighted average common shares outstanding for basic and diluted calculations were 42,693,999 for the three months ended May 31, 2022[16] - The Company had a balance of 1,846,168 share purchase warrants outstanding as of May 31, 2022, with a weighted average exercise price of $2.84[92] - The Company received cash proceeds of $539,998 from the exercise of share purchase warrants during Fiscal 2022, compared to $50,000 in Fiscal 2021[91] - The Company issued 12,000,000 shares of common stock to FMCL shareholders as part of the Share Exchange Agreement[23] Business Operations - The Company has activated its insurtech business through Finger Motion Financial Company Limited, which secured its first contract and recorded revenue in the last quarter of the fiscal year[27] - The Company operates its mobile payment platform through JiuGe Technology, which secured contracts with China Unicom and China Mobile to distribute mobile data in 9 provinces[123] - The Company has shifted focus from its video game division to telecommunications, pausing game operations since June 2018[119] - The Company has entered into VIE Agreements to control JiuGe Technology, which is essential for its operations in China due to foreign investment restrictions[121] Risks and Challenges - The company is dependent on obtaining additional financing to fund operations and achieve profitability, with no assurance of success[61] - The company relies heavily on revenue from two telecommunications companies, China Unicom and China Mobile, which poses a risk to its financial condition if business with either is lost[196] - The company is currently facing risks related to the COVID-19 pandemic, which could impact operations and consumer demand[193] - The Company is subject to risks related to the VIE structure, which could significantly impact operations and share value if disallowed by the Chinese government[133] Future Outlook - The company expects revenue growth from its mobile recharge business as operations return to pre-lockdown levels in China[155] - The company plans to launch Mobile Protection programs in collaboration with China Unicom and China Mobile, expected in the second quarter of FY2023[145] - A contract was secured with Pacific Life Re to develop a multi-faceted risk rating concept, which is anticipated to generate additional revenue for the Big Data division in the future[155]