Singapore, Singapore--(Newsfile Corp. - July 16, 2025) - FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services, data and technology company, is pleased to report its financial results for the first quarter of fiscal 2026 for the period ended May 31, 2025. To review the full financial results, please view the Company's recent 10-Q filing at www.sec.gov/edgar/search or on the Company's website at www.fingermotion.com/investor-relations/financial-information/details, which should be read in connection with this news release.
Q1 2026 Financial Summary (results expressed in US$ unless otherwise indicated):
- Reported quarterly revenue of $8.46 million, a 1% increase compared to Q1 of fiscal 2025;
- Telecommunications Products & Services business revenue was $8.31 million, down 1% compared to Q1 of fiscal 2025;
- DaGe Platform revenue grew to $10,938 compared to $463 in Q1 of fiscal 2025;
- Command and Communication segment contributed $109,241 in revenue compared to $nil in Q1 of fiscal 2025;
- Big Data segment generated $27,310 in revenue, compared to $nil in Q1 of fiscal 2025;
- Cost of revenue increased to $8.31 million, resulting in gross profit of $152,521, a 78% decrease from $681,889 in Q1 of fiscal 2025;
- Operating expenses were $2.14 million, a 9% decrease from $2.36 million in Q1 of fiscal 2025;
- Net loss attributable to shareholders was $2.01 million, a 21% increase from $1.66 million in Q1 of fiscal 2025;
- Reported basic and diluted loss per share of $0.04, compared to $0.03 for Q1 of fiscal 2025;
- On May 31, 2025, FingerMotion had $2.86 million in cash and cash equivalents, a working capital surplus of $9.4 million and shareholders' equity of $16.2 million;
- On May 31, 2025, total assets were $55.71 million, total current liabilities were $39.49 million and total liabilities were $39.51 million;
- 59,408,429 shares of common stock were issued and outstanding as of May 31, 2025.
"While topline revenue showed modest movement, with margin pressure driven by evolving business dynamics, we are encouraged by the initial revenue contribution from our Command and Communication platform, as well as the steady buildout of the DaGe and Big Data businesses," said Martin Shen, CEO of FingerMotion. "Our focus remains on building higher-margin, data-driven business lines, refining our operations, and executing on our strategic roadmap to ensure long-term scalable growth over time to provide solid value for our shareholders."
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.
For more information on FingerMotion, visit: https://fingermotion.com/.
Company Contact:
FingerMotion, Inc.
For further information e-mail: info@fingermotion.com
Phone: 718-269-3366
Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.
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SOURCE: FingerMotion, Inc.
