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AT&T Joins Forces With Gigs to Launch Embedded Phone Plans
Yahoo Financeยท 2025-09-12 13:58
Core Insights - Gigs has formed a strategic alliance with AT&T, enabling technology companies to integrate mobile connectivity into their applications, facilitating instant plan activation and in-app account management [1][2] - The partnership represents a shift in subscriber acquisition strategies for carriers, focusing on digital storefronts and integrating services into various applications, which could lower costs for carriers and enhance brand loyalty [2][3] Company Developments - Klarna is the first fintech company to launch a mobile plan through Gigs on AT&T's network, indicating the potential for more fintech companies to follow suit [1][3] - Gigs aims to innovate the telecommunications infrastructure to meet changing consumer expectations for mobile services [3] Industry Trends - The collaboration between Gigs and AT&T reflects a broader trend of integrating telecommunications services into finance, shopping, and workplace applications, which could reshape how mobile services are marketed and delivered [2][3] - AT&T's acquisition of EchoStar's spectrum licenses for $23 billion will enhance its network capacity, adding approximately 50 MHz of spectrum across over 400 markets [4]
Gigs and AT&T to Power the Convergence of Tech and Telecom
Businesswireยท 2025-09-12 07:00
Core Insights - Gigs and AT&T have partnered to revolutionize the delivery of phone plans to US consumers [1] - The collaboration allows technology brands to integrate connectivity directly into everyday apps used by customers [1] - This initiative sets a new standard for mobile services, enabling phone plans to be activated in seconds and managed within applications [1] - The service is supported by fully automated, AI-driven technology [1]
Walmart-backed fintech OnePay is adding wireless plans to its everything app
CNBCยท 2025-09-03 11:30
Core Insights - OnePay, a fintech firm majority owned by Walmart, is launching a wireless plan to enhance its offerings and become a comprehensive financial services platform [1][3] - The new OnePay Wireless plan will cost $35 per month for unlimited 5G data, talk, and text on the AT&T network, with easy in-app activation and no credit checks or activation fees [2][4] - The partnership with Gigs aims to reduce customer acquisition costs for AT&T, allowing savings to be passed on to consumers [4][5] Company Overview - OnePay was established in 2021 by Walmart in collaboration with Ribbit Capital, with the goal of becoming a super app similar to WeChat or Alipay [3] - The services offered by OnePay include credit and debit cards, high-yield savings accounts, buy now, pay later loans, and a digital wallet with peer-to-peer payments [1][3] Industry Context - The integration of wireless services into fintech platforms is a growing trend, with other companies like Klarna and Nubank also expanding their service offerings [4] - Gigs CEO Hermann Frank highlighted that the average consumer overpays for phone bills, and the new plan aims to provide a more affordable option with modern features [5]
Advanced Energy Industries (AEIS) Q2 Earnings and Revenues Top Estimates
ZACKSยท 2025-08-05 22:16
Core Viewpoint - Advanced Energy Industries (AEIS) reported quarterly earnings of $1.5 per share, exceeding the Zacks Consensus Estimate of $1.28 per share, and showing a significant increase from $0.85 per share a year ago, indicating strong performance in the power-conversion products sector [1][2]. Financial Performance - The company achieved revenues of $441.5 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.35% and up from $364.95 million year-over-year [2]. - Over the last four quarters, Advanced Energy has consistently exceeded consensus EPS estimates, achieving this four times [2]. Stock Performance - Advanced Energy shares have increased approximately 21.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.6% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $415.02 million, while for the current fiscal year, the estimate is $5.15 on revenues of $1.66 billion [7]. - The trend of earnings estimate revisions is mixed ahead of the earnings release, which may influence future stock movements [6][7]. Industry Context - Advanced Energy operates within the Semiconductor Equipment - Wafer Fabrication industry, which is currently ranked in the bottom 15% of over 250 Zacks industries, suggesting potential challenges ahead [8].
FingerMotion Reports Q1 2026 Financial Results
Newsfileยท 2025-07-16 13:00
Core Insights - FingerMotion, Inc. reported its financial results for Q1 of fiscal 2026, highlighting modest revenue growth and ongoing margin pressures due to evolving business dynamics [2][6] - The company is focusing on building higher-margin, data-driven business lines and refining operations to ensure long-term scalable growth [2] Financial Performance - Reported quarterly revenue of $8.46 million, a 1% increase compared to Q1 of fiscal 2025 [6] - Telecommunications Products & Services revenue was $8.31 million, down 1% from Q1 of fiscal 2025 [6] - DaGe Platform revenue grew to $10,938 from $463 in Q1 of fiscal 2025 [6] - Command and Communication segment contributed $109,241 in revenue, compared to $0 in Q1 of fiscal 2025 [6] - Big Data segment generated $27,310 in revenue, compared to $0 in Q1 of fiscal 2025 [6] - Cost of revenue increased to $8.31 million, resulting in a gross profit of $152,521, a 78% decrease from $681,889 in Q1 of fiscal 2025 [6] - Operating expenses were $2.14 million, a 9% decrease from $2.36 million in Q1 of fiscal 2025 [6] - Net loss attributable to shareholders was $2.01 million, a 21% increase from $1.66 million in Q1 of fiscal 2025 [6] - Basic and diluted loss per share reported at $0.04, compared to $0.03 for Q1 of fiscal 2025 [6] Company Overview - FingerMotion is a technology company specializing in mobile payment and recharge platform solutions in China [3] - The company aims to grow its user base organically and develop an ecosystem of highly engaged users utilizing its innovative applications [3] - FingerMotion's long-term vision includes serving over 1 billion users in the China market and expanding to other regional markets [3]
FingerMotion's Subsidiary JiuGe Technology and Qingling Motors Collaborate on Advancing Intelligent Vehicle Solutions
Newsfileยท 2025-06-16 13:00
Core Viewpoint - FingerMotion's subsidiary, JiuGe Technology, is collaborating with Qingling Motors to develop next-generation intelligent vehicle solutions aimed at enhancing efficiency and sustainability in commercial mobility [1][4]. Group 1: Collaboration Details - The joint effort focuses on creating smarter technologies for high-demand sectors such as logistics and emergency response, with Qingling Motors handling vehicle design and compliance, while JiuGe Technology provides system integration and software development [2][3]. - A joint technical taskforce has been established to accelerate innovation, streamline product development, and reduce time-to-market, emphasizing mutual knowledge exchange and shared intellectual property development [3]. Group 2: Market Positioning and Future Plans - This initiative positions both companies to lead in the digital transformation of the commercial vehicle sector, particularly in markets requiring connected and reliable platforms [4]. - Future efforts will include international market expansion and the creation of remote service ecosystems to support specialized logistics and emergency response applications [4]. Group 3: Company Backgrounds - FingerMotion is a technology company with a focus on mobile payment and recharge solutions in China, aiming to grow its user base and develop an ecosystem of high engagement [5]. - Qingling Motors, founded in 1985, is a leading commercial vehicle manufacturer in China, known for its expertise in chassis engineering and new energy powertrains [6].
FingerMotion Subsidiary JiuGe Technology Forms Strategic Collaboration with Zhejiang Jincheng Automotive to Co-Develop Advanced Emergency Response Vehicles
Newsfileยท 2025-06-09 13:00
Core Viewpoint - FingerMotion's subsidiary, JiuGe Technology, has formed a strategic collaboration with Zhejiang Jincheng Automotive to co-develop advanced emergency response vehicles, enhancing public safety solutions [1][2]. Group 1: Collaboration Details - The collaboration will focus on developing and marketing a new line of emergency response vehicles, including communication, command, and rescue units [2]. - Key areas of collaboration include product development, sales and promotion, customer support, and resource integration to improve operational efficiency [3]. Group 2: Strategic Alignment - This alliance aligns with JiuGe Technology's long-term growth strategy to strengthen its market position in the emergency response sector, leveraging combined technological expertise and market reach [4]. Group 3: Company Background - 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 high engagement [5]. - Zhejiang Jincheng Automotive, a subsidiary of Zhejiang Jinnong Group, specializes in vehicle development and manufacturing, with a registered capital of RMB 1 billion [6].
FingerMotion, Inc. Reports FY 2025 Financial Results
Newsfileยท 2025-05-30 12:00
Financial Performance - FingerMotion reported annual revenue of $35.61 million, a decrease of $0.18 million or 0.5% compared to FY 2024 [4] - The company experienced a year-over-year decline in Telecommunications Products & Services revenue of $5.59 million or 17% compared to FY 2024 [4] - SMS & MMS business revenue grew by $5.52 million or 206% year-over-year compared to FY 2024 [4] - Big Data revenue declined by $0.39 million or 118% year-over-year compared to FY 2024 [4] - Revenue from the DaGe Platform was $0.08 million in FY 2025, while revenue from the Command & Communication (C2 Platform) was $0.19 million [4] Expense Management - General and administrative expenses decreased by $137,710 or 2% during the year [3] - Marketing costs increased by $136,206 or 97% due to the promotion of the newly launched DaGe App platform [3] - Research and development expenses decreased by $66,792 or 10% due to savings from data access and usage fees [3] Profitability and Loss - Gross profits were reported at $2.76 million, a decrease of $1.10 million or 28% compared to FY 2024 [4] - Annual cost of revenue increased by $0.91 million or 3% compared to FY 2024, totaling $32.84 million [4] - Operating expenses rose by $1.03 million or 13% compared to FY 2024, totaling $8.71 million [4] - The company reported an annual net loss of $5.11 million, an increase of $1.30 million or 34% compared to FY 2024 [4] Financial Position - As of February 28, 2025, FingerMotion had $1.13 million in cash, a working capital surplus of $6.90 million, and positive shareholders' equity of $13.66 million [4] - Total assets were reported at $48.82 million, with total current liabilities of $35.13 million and total liabilities of $35.16 million [4] - The company had 57,141,186 common shares issued and outstanding as of February 28, 2025 [4] Strategic Outlook - The CEO expressed confidence in the performance of the SMS & MMS business and the potential growth from the DaGe and C2 platforms [3] - The company aims to expand its customer base and diversify offerings to enhance market penetration [3] - FingerMotion envisions serving over 1 billion users in the China market and expanding to other regional markets [5]
FingerMotion to Present at the LD Micro Invitational XV
Newsfileยท 2025-04-03 13:00
Company Overview - FingerMotion, Inc. is a mobile services, data, and technology company focused on mobile payment and recharge platform solutions in China [7] - The company aims to grow its user base organically and develop an ecosystem of highly engaged users, with a long-term goal of serving over 1 billion users in the China market and expanding to other regions [7] Upcoming Event - FingerMotion will participate in the 15th Annual LD Micro Invitational on April 9th and 10th, 2025, at the Westin Grand Central in New York [1][4] - The company is scheduled to present on April 10, 2025, at 8:00 a.m. ET, with CEO Martin J. Shen representing the company [2][3] Event Details - The LD Micro Invitational XV will feature over 50 companies presenting in half-hour increments and will include private meetings with interested parties [5] - Registration for the event will begin at 2:00 p.m. ET on April 9th, followed by keynotes and a happy hour [4]