ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Q3 2023 Financial Results
Jan 18, 2023
FingerMotion (NASDAQ: FNGR), a mobile services and data company, has announced its financial results for the third quarter ended Nov. 30, 2022. Among the highlights, the company reported record quarterly revenue of $11.40 million and a quarterly increase in revenues of 93% compared to Q3 2022. “The Chinese ‘lockdowns’ are over now, but during the quarter they still had an impact on the company’s revenue mix,” said Martin Shen, CEO of FingerMotion. “The company managed the quarter by focusing available resources to the top-up business as our corporate SMS customers were not interested in driving traffic to retail establishments that were closed. Now that China has opened up again, the company expects a resumption of the upward trend and a dramatic acceleration in topline revenue growth. And while margins were temporarily depressed, they are expected to rebound substantially in the ensuing quarter. We are also encouraged to see the start of revenue from mobile phone sales and subscriptions. We are very optimistic that we will see notable growth in this area and the Big Data in the future.”
To view the full press release, visit https://ibn.fm/KpuvB
About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
About ChineseWire
ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.
To receive SMS text alerts from ChineseWire, text “China” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.chinesewire.com
Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: http://IBN.fm/Disclaimer
ChineseWire (CW)
Los Angeles, California
www.chinesewire.com
310.299.1717 Office
[email protected]
ChineseWire is part of the InvestorBrandNetwork.
More News
United Makes MileagePlus Premier 1K Status Spend-Only in 2027
Opinion: United still calls MileagePlus a frequent-flyer program, but frequency is about to matter considerably less. From 2027, spending drives status—and Premier 1K gets another $4,000 more expensive. The post United Makes MileagePlus Premier 1K Status Spend-Only in 2027 appeared first on Business Traveller.
National Dessert Day Is October 14 — Pick Cities And Celebrate By Making Something Delicious
Travel AND dessert; what could be better? View Entire Post ›
IATA and World Sustainable Hospitality Alliance to Collaborate on Sustainable Hotel Procurement
The International Air Transport Association (IATA) and the World Sustainable Hospitality Alliance (WSHA) have agreed to strengthen alignment on sustainability between the airline and hospitality sectors. The agreement, signed at the World Sustainability Symposium, will have an initial focus on the procurement of hotel services by airlines. Airlines and hotels face many similar environmental, social, and governance challenges. These include responsible procurement, environmental management, social responsibility, supply chain performance, and increasingly complex sustainability measurement and reporting expectations.
Perugia Is One Of Italy's Hidden Gems – Here's How To Make The Most Of It
The bucket-list destination you didn't know you needed. View Entire Post ›
The Best New Hotels Around the World for October 2026
The hotel doors to breeze through this month – from a spa hotel in Phoenix to a Yorkshire Dales' coaching inn. The post The Best New Hotels Around the World for October 2026 appeared first on Business Traveller.
Hotel Debüts: In diesen Ländern feiern internationale Hotelmarken Premiere
Wir stellen Ihnen neun spannende Markteintritte vor. The post Hotel Debüts: In diesen Ländern feiern internationale Hotelmarken Premiere appeared first on Business Traveller.
Attendee experience tops 2027 meetings priorities despite rising costs and geopolitical risks: Amex GBT
Attendee experience remains the top priority for meetings professionals globally in 2027, even as rising costs and geopolitical uncertainty reshape event planning, according to American Express Global Business Travel's 2027 Global Meetings and Events Forecast. The report finds that 91 per cent expect spending to increase, while 79 per cent already apply risk management practices to all or most meetings.
'Oscars of fish and chip shops' unveils 10 finalists battling to be crowned Britain's best chippy
The National Fish and Chip Awards 2027 has announced its top 10 contenders for Restaurant of the Year. Is your local favourite among the contenders for the prestigious title?
How to save thousands on a Thai beach holiday: I've visited the country hundreds of times over the years... and this is how you can get serious bang for your buck - and why you should avoid Phuket
As a backpacker, whiskey buckets, overnight buses and creaky bunk beds used to be staples of my cheap trips around Thailand.
We Know Exactly Which State You Should Live In Based On Your Personality
Next stop: somewhere new. View Entire Post ›
Virgin Limited Edition adds three African safari retreats to Heavens Portfolio India
Virgin Limited Edition has joined Heavens Portfolio India's portfolio with three African safari retreats in Kenya and South Africa. The collection includes Mahali Mzuri in the Maasai Mara, Finch Hattons in Tsavo West National Park and Ulusaba Private Game Reserve in the Sabi Sand, which is scheduled to reopen in April 2027 following a redesign. The partnership targets Indian travellers seeking luxury safari experiences.
Business Class Finally Gets Pyjamas as Singapore Airlines Unveils New Amenity Kits
Singapore Airlines’ new amenity kits bring Byredo fragrance, Sisley skincare and first-ever business class sleeper suits from November The post Business Class Finally Gets Pyjamas as Singapore Airlines Unveils New Amenity Kits appeared first on Business Traveller.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.