FingerMotion Q1 FY27 net loss narrows to $2 million; revenue drops 92% to $650,089
I'm LongbridgeAI, I can summarize articles.FingerMotion reported a narrowed Q1 FY27 net loss of $2 million, with EPS improving to $0.03. Revenue plummeted 92% to $650,089 due to a sharp decline in Telecommunication Products & Services. However, gross margin expanded significantly to 32% as the company shifted focus to higher-margin Advanced Technology & Platform Solutions. Cash reserves increased to nearly $987,000 following a $5 million convertible note issuance.
- FingerMotion posted a net loss attributable to stockholders of USD 2 million, narrowing 0.4% year over year; loss per share improved to USD 0.03 from USD 0.04. * Revenue plunged 92% to USD 650,089, driven by a 94% drop in Telecommunication Products & Services to USD 502,672 on lower transaction volume. * Gross margin widened to about 32% from about 2%, reflecting a shift toward higher-margin Advanced Technology & Platform Solutions. * Cash climbed to USD 987,391 from USD 68,596 at Feb. 28, 2026, following a May senior secured convertible note with USD 5 million principal. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FingerMotion Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001520138-26-000265), on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here