CWNewsBreaks Archive - Page 3 of 18

FridayJan 05, 2024 12:59 pm

ChineseNewsBreaks – Linkage Global Inc. (NASDAQ: LGCB) Closes $6M IPO

Linkage Global (NASDAQ: LGCB), a cross-border e-commerce integrated service company headquartered in Japan, recently announced the closing of its initial public offering of 1,500,000 ordinary shares, each at a public offering price of $4.00, for total gross proceeds of $6,000,000. In addition, the company granted the underwriters an option, exercisable within 45 days from the closing date of the offering, to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts and commissions, to cover the over-allotment option, if any. The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol…

WednesdayDec 20, 2023 2:20 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) ‘Just Scratching the Surface of What Is Possible’ in Big Data

FingerMotion (NASDAQ: FNGR), a mobile services and data company, today provided an update on its big data subsidiary branded Sapientus. Among the highlights, the company reported on the positive positioning of big data models and Sapientus’ expectations to engage more partners for commercial applications and expanded use cases. With proprietary analytic models collaboratively tested and validated with empirical insurance data, the past year has been transformative to Sapientus. Studies have demonstrated a high degree of accuracy in their predictive value in tracking substandard cases, which is pivotal in the enhancement of the overall insurance underwriting experience. Extending beyond insurance, the…

FridayNov 17, 2023 1:13 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Update on Federal Lawsuit Filed Against Research Firm

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting an update on the federal lawsuit it filed against Capybara Research last month; 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. According to the update, the company and its litigation counsel, with cooperation from third parties, has spent weeks of work investigating the allegations. As a result, the person responsible for the malicious article has been identified, and the company is taking steps to add that…

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…

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