FingerMotion, Inc. SEC 10-Q Report

FingerMotion, Inc., a mobile data and services company primarily operating in China, has released its Form 10-Q report for the third quarter. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting both stability in revenue and strategic expansions in its service offerings. Financial Highlights Revenue: $17.1 million, reflecting a slight increase from the previous year's $16.8 million, indicating stable sales performance.Gross Profit: $191,261, a decrease from $982,917 in the prior year, suggesting increased cost pressures.Net Loss from Operations: $(3.5) million, compared to $(3.4) million in the previous year, indicating a slight increase in operational losses.Net Loss: $(3.6) million, compared to $(3.3) million in the previous year, highlighting ongoing challenges in achieving profitability.Loss Per Share - Basic: $(0.06), consistent with the previous year's performance, indicating no change in per-share loss. Business Highlights Revenue Segments: The company recorded revenue from several segments, including Telecommunication Products & Services, DaGe Platform, Command & Communication, and Big Data. The Telecommunication Products & Services segment was the largest contributor, with significant sales figures.Geographical Performance: The company's operations are primarily based in China, with all revenue derived from this region. The company has established contracts with major telecom operators like China Unicom and China Mobile, focusing on key provinces such as Chengdu, Jiangxi, Jiangsu, Chongqing, Shanghai, Zhuhai, Zhejiang, Shaanxi, and Inner Mongolia.New Product Launches: The company has been involved in the development of a Device Protection program for mobile phones and new 5G phones in collaboration with China Unicom, indicating a strategic expansion into new service offerings.Operational Control: The company operates through a VIE structure, providing operational control over JiuGe Technology, which is crucial for its business operations in China. This structure allows the company to direct activities and receive economic benefits from the VIE.Future Outlook: The company plans to continue expanding its service offerings and geographical reach within China. It is also focused on enhancing its mobile payment and recharge platform, which is expected to drive future growth.SEC Filing: FingerMotion, Inc. [ FNGR ] - 10-Q - Oct. 14, 2025