Investor Relation

News


Q3 2023 Financial Summary (results expressed in US$ unless otherwise indicated):


  • Reported record quarterly revenue of $11.40 million (includes SMS & MMS, Telecommunications Products & Services businesses, and Big Data);
  • Reported a quarterly increase in revenues of 93% compared to Q3 2022;

  • Reported sequential quarterly growth in revenue of $6.42 million from Q2 2023 representing a 129% increase quarter over quarter.

  • Reported quarterly increase in Telecommunications Products & Services business revenue of $7.07 million or 215% compared to Q3 2022;

  • Reported quarterly Big Data revenue of $.19 million compared to nil in Q3 2022;

  • Reported quarterly decline in SMS & MMS business revenue of $1.75 million or 67% compared to Q3 2022;

  • Reported quarterly cost of revenue of $10.54 million which was an increase of $5.61 million or 114% compared to Q3 2022;

  • Reported quarterly loss of $2.52 million which was an increase of $1.49 million or 143% compared to Q3 2022;

  • Basic and Diluted loss per share of $0.06 versus a loss per share of $0.02 for Q3 2022;

  • On November 30, 2022, FingerMotion had $11,870,256 in cash, a working capital surplus of $16,713,400 and a positive shareholders' equity of $12,193,986;

  • Total Assets were $21.90 million, Total Current Liabilities were $4.87 million and Total Liabilities were $9.71 million;

  • 46,316,635 common shares were issued and outstanding as of November 30, 2022.

Source