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FingerMotion Reports Q2 2025 Financial Results
FNGRFingerMotion(FNGR) Newsfile·2024-10-16 13:00

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 8.46million,adecreaseof8.46 million, a decrease of 0.82 million or 9% compared to Q2 of fiscal 2024 [2]. - Telecommunications Products & Services revenue decreased by 0.77millionor80.77 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 0inQ2offiscal2024[2].BigDatarevenuewas0 in Q2 of fiscal 2024 [2]. - Big Data revenue was 0, down from 76,746inQ2offiscal2024[2].Costofrevenueincreasedto76,746 in Q2 of fiscal 2024 [2]. - Cost of revenue increased to 8.16 million, up by 0.72millionor100.72 million or 10% compared to Q2 of fiscal 2024 [2]. - Gross profit was 0.30 million, a decrease of 1.54millionor841.54 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 1.55millionor1,1591.55 million or 1,159% compared to Q2 of fiscal 2024 [2]. - Basic and diluted loss per share was (0.03) compared to (0.00)forQ2offiscal2024[2].AsofAugust31,2024,thecompanyhad(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,andshareholdersequityof9,708,861, 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 86,320or586,320 or 5%, while marketing costs increased by 13,145 or 22% [3].