News Archives - Page 4 of 14

FridayOct 20, 2023 12:45 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Filing of Federal Lawsuit Against Research Firm

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has filed a federal lawsuit against Capybara Research; the lawsuit alleges that Capybara maliciously published a defamatory article in a premediated attempt to move the public market for FingerMotion's stock lower to benefit from its previously announced short position. FingerMotion filed the complaint in the United States District Court for the Southern District of New York. FingerMotion is working with Mark R. Basile, Esq, and his securities and RICO litigation firm, the Basile Law Firm P.C., to investigate recent activities surrounding the company's stock performance as well as to take necessary…

MondayOct 16, 2023 1:56 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Q2 2024 Results

FingerMotion (NASDAQ: FNGR), a mobile services and data company, today released its financial results for the second quarter of fiscal 2024 for the period ended Aug. 31, 2023. Among the highlights, the company reported quarterly revenue of $9.28 million (includes SMS & MMS, telecommunications products and services businesses, and big data), reflecting an increase of $4.30 million or 86% compared to Q2 of fiscal 2023. “As our results show, the company is making excellent progress toward our goal of profitability,” said Martin Shen, CEO of FingerMotion. “It is easy to see our trajectory towards positive earnings results and how our…

WednesdayOct 04, 2023 2:28 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Issues Response to Short Seller Report

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is responding to the Oct. 3, 2023, short seller report issued by Capybara Research, a short-selling research firm. According to the statement, FingerMotion management reviewed the report and believe that the report contains errors, unsupported speculations and inaccurate interpretations of events; management and the company’s board of directors are planning further review and examination of allegations and misinformation contained in the report. The company “will take whatever necessary and appropriate actions may be required to protect the interest of its shareholders,” the announcement stated. “The company is already in the process…

TuesdayJul 25, 2023 10:57 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) CEO Featured in C-Level Interview with BestGrowthStocks.Com

FingerMotion’s (NASDAQ: FNGR) CEO Martin J. Shen was featured in an interview with Best Growth Stocks, a leading independent equity research and corporate access firm focused on small and mid-cap growth companies. During the interview, Best Growth Stocks Senior Editor Steve Macalbry and Shen discuss an overview of the company, building shareholder value, eliminating convertible debt, recent company news, strategy details, and much more. “In our Big Data division, we have grown our partnerships with both Pacific Life Re and Munich Re, although we acknowledge that the progress is not at the speed that we would like. Operationally, we must…

FridayJul 14, 2023 11:24 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for Q1 2024

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting its financial results for the first quarter ended May 31, 2023. Highlights of the report include record quarterly revenue of $12.17 million, representing a 15% increase over Q1 2023; a quarterly increase in Telecommunications Products & Services business revenue of $10.5 million or 692% compared to Q1 2023; and quarterly Big Data revenue of $0.15 million compared to no revenue reported in Q1 2023. The report also noted a quarterly decline in SMS & MMS business revenue of $3.3 million and a 157% increase in quarterly cost of revenue…

MondayJun 05, 2023 1:22 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) to Present at LD Micro Invitational XIII

FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS and Insuretec services, today announced that its Chief Executive Officer Martin J. Shen will present at the 13th Annual LD Micro Invitational (LD Micro Invitational XIII Conference). The event is slated to take place at the Luxe Sunset Boulevard Hotel in Los Angeles, California, on June 6-8, 2023. Shen’s presentation is scheduled to begin at 3 p.m. ET on Tuesday, June 6. Interested parties should visit https://ibn.fm/S5BEO to register for the event and access the presentation. Shen will also be available for one-on-one meetings with members…

WednesdayMay 31, 2023 11:12 am

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Financial Report for FY 2023

FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS, and Insuretec services, has released its financial report for the year ended February 28, 2023. Highlights of the report include reported annual revenue of $34.05 million, up 49% over FY 2022; 212% annual year-over-year growth in the company’s telecommunications products and services business; a decline in the business revenue for the company’s SMS & MMS business revenue, which totaled $7.53 million; 233% annual year over year growth of big data, resulting in $0.31 million revenue; total gross profits of $2.32 million; annual cost of revenue of…

MondayMay 15, 2023 3:22 pm

ChineseNewsBreaks – VCI Global Limited (NASDAQ: VCIG), HFA Collaborate to Bring Global Liquidity, Cross-Border Price Discovery to Clients

VCI Global (NASDAQ: VCIG) today announced its entry into a partnership agreement with Horizon Fintex Advisors Ltd. (“HFA”), a registered sponsor advisor to Upstream, a MERJ Exchange securities market. According to the announcement, the HFA partnership works to add immense value to VCI Global’s expanding business advisory practice by offering VCI clients a streamlined path to dual list on Upstream’s next generation market and reach a digital-first investor base. “We are excited to partner with HFA to bring global liquidity and cross-border price discovery to our existing consultancy business clients and integrate Upstream’s innovative NFT strategies to the clients of…

FridayMay 12, 2023 12:30 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Strategic Cooperation Agreement with Migu Video

FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS, and Insuretec services, today announced its entry into a cooperation agreement between Migu Video Technology Co. Ltd. (“Migu Video”) and FingerMotion’s contractually controlled subsidiary, Shanghai JiuGe Information Technology Co. Ltd. The agreement seeks to start in-depth collaboration on overseas hardware and terminal business. Migu Video is a wholly owned subsidiary of China Mobile’s Migu Culture Technology Co. Ltd., which is the sole streaming content producer of Migu Culture in the video field. It is regarded the first to establish a multi-channel network (“MCN”) in China. Key…

WednesdayApr 12, 2023 2:25 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Retires All Outstanding Institutional Convertible Debt

FingerMotion (NASDAQ: FNGR), a mobile data and services company, today announced that it has recently eliminated its remaining convertible debt with the company’s primary lender, Lind Global Fund II LP. This is a result of conversions by Lind Global and payments by the company, which in aggregate totaled over $5 million. “We have retired all of our outstanding institutional convertible debt, strengthening our balance sheet while maintaining a strong cash position,” said Martin Shen, CEO of FingerMotion. “Eliminating the remaining convertible debt and related obligations to issue any additional common stock to our primary lender eradicates any further dilutive impact…

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