FridaySep 09, 2022 9:45 am

Upgrades to Big Data Analysis Division Positions FingerMotion Inc. (NASDAQ: FNGR) for New Growth Era in China

U.S.-based communications technology services provider FingerMotion recently announced a number of milestones in its drive to make its Sapientus big data arm a powerful driver of analytics in China’s billion-strong consumer marketplace The company has recently focused development efforts on a ready-to-launch mobile device protection plan similar to AppleCare that the company expects to be competitive in China The announcement regarding Sapientus renews expectations that it will evolve beyond its core SMS and mobile top-up services, building on unique partnerships with China’s telecommunication giants and other global corporations The Sapientus updates include news that FingerMotion has reached a new agreement…

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WednesdaySep 07, 2022 9:00 am

FingerMotion Inc. (NASDAQ: FNGR) Benefitting From a First-Mover Advantage, and Relationships Forged in the Chinese Market

Martin Shen, FingerMotion’s CEO, noted the company’s shift in focus to pushing gross margins higher for the 2022 calendar year This has shaped the company’s initiatives that have seen the addition of the mobile device protection service for the Chinese market Since launching the service, FingerMotion has received $4 million in funding from Lind Global Fund II, LP, and is confident that this investment will yield the highest return, strengthen the company’s balance sheet, and enable it to experience transformational revenue growth over the next 12-24 months Mr. Shen has maintained that the current revenue is just “the tip of…

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MondayAug 22, 2022 9:45 am

$4M Investment Provides Capital Injection for FingerMotion Inc. (NASDAQ: FNGR) Mobile Device Protection Strategy in China

New York-based institutional fund manager The Lind Partners has reached an investment agreement with mobile device technology innovator FingerMotion Inc. to provide FingerMotion $4 million that will advance its initiatives FingerMotion is focused on varied initiatives for serving China’s massive mobile device user market, its top priority being the rollout of an AppleCare-similar device protection plan the company expects to be popular with users Company CEO Martin Shen has stated the protection plan service has the highest potential to yield returns on capital investment in the shortest amount of time China has more than 450 million 5G mobile phone users…

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MondayAug 15, 2022 9:30 am

FingerMotion Inc. (NASDAQ: FNGR), A Company Evolving With the Times

FingerMotion has evolved with the developing need for advanced telecommunications products and services, from SMS and MMS services, to big data insights, and RCS, starting with a focus on China Its latest addition, the device protection program, looks to tap into the $10.6 billion Chinese market, with over 1.2 billion mobile phone users, most of whom do not have access to a device protection plan The mobile phone insurance market is expected to hit $53.16 billion globally by 2028, and FingerMotion is targeting this growth, with eyes on expanding into other markets over time Since it was founded in 2016,…

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WednesdayAug 10, 2022 9:00 am

FingerMotion Inc. (NASDAQ: FNGR) Banking on Device Protection Program and Partnerships to Accelerate Revenue Growth Over the Next 6-12 Months

FingerMotion’s launch of the mobile device protection product in the Chinese market looks to tap into an industry valued at approximately $10.6 billion annually The company has also partnered with an NYSE-listed insurance company looking to venture into the Chinese market and is confident that this, together with the product launch, will accelerate its revenue growth over the next 6-12 months Its management is also optimistic that this latest addition will help achieve the company’s goal of pushing gross margins higher, having posted a 12% gross margin in the 2022 fiscal year, up from 9% the previous year Martin Shen,…

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MondayAug 08, 2022 10:53 am

FingerMotion Inc. (NASDAQ: FNGR) Making the Most of Massive Cell Phone Services Opportunities in Chinese Market

China has long been a telecommunications juggernaut market thanks to its nearly 1.5 billion population and the popularity of using multiple mobile devices among its people U.S.-based communications technology services provider FingerMotion has focused on delivering a variety of telecommunications services to the Chinese market, ranging from SMS texting to big data analysis  FingerMotion recently reported important quarterly revenues from its operation despite a new series of lockdowns resulting from China’s zero-tolerance policy toward the COVID pandemic The company continues to explore new growth opportunities, such as a device protection service it rolled out in July that will exceed the…

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WednesdayAug 03, 2022 9:45 am

FingerMotion Inc. (NASDAQ: FNGR) Maintaining Upward Pressure on Gross Margins Despite Slow Start to the 2023 Financial Year

In June of this year, FingerMotion posted a 37% YOY revenue growth for its total annual revenue for 2022  In the just-released Q1 2023 financial results, the company posted $4.86 million in revenue, a drop from $6 million in Q1 2022, revealing lingering lockdown effects Despite the recent lockdown related financial pressures, Mr. Shen has expressed confidence that, as China returns to pre-pandemic levels, growth will rebound Mr. Shen, the company’s CEO, noted that going forward one of the critical FingerMotion initiatives would be to keep pushing gross margins higher Earlier in the year, FingerMotion (NASDAQ: FNGR), an evolving technology…

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MondayAug 01, 2022 9:00 am

FingerMotion Inc. (NASDAQ: FNGR) Partners to Facilitate Innovation with Launch of Mobile Device Protection Products

FingerMotion is an evolving technology company that aims to improve people’s lifestyles through technology and innovative products and services The company recently launched mobile device protection products in partnership with a Fortune 500 insurance company and major Chinese telcos The products will offer three tiers of protection: accidental damage to screens, mechanical breakdown, and trade-in solutions FingerMotion has taken a strategic approach to launching the products as it targets a burgeoning market set to be valued at about $12.2 billion by 2028  Evolving technology company FingerMotion (NASDAQ: FNGR) recently demonstrated the flexibility of its business model that affords it even…

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MondayJul 18, 2022 12:00 pm

FingerMotion Inc. (NASDAQ: FNGR) CEO Sees Optimism in Company’s Revenue Growth, Plans for New Mobile Tech Services in China Market

FingerMotion, a U.S.-based communications technology services provider focused on the massive potential of China’s 1.4 billion mobile device user market, reported revenue growth of 37 percent YOY to $22.93 million in its most recent annual financial report Company CEO Martin Shen expressed “cautious optimism” that FingerMotion can maintain its momentum, in part because of a ready-to-launch mobile device protection plan similar to AppleCare that the company expects to be competitive in China Shen said he also expects the company’s nascent big data product to play a large role in revenue growth in coming years as other industries discover the value…

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WednesdayJul 13, 2022 10:30 am

FingerMotion Inc. (NASDAQ: FNGR) Optimizing its Product Mix and Exploring New Opportunities in Huge and Growing Chinese Market

FingerMotion posted a 37% YOY revenue growth for the 2021 financial year The company’s Telecommunications Products and Services category posted the highest growth at 170% The company looks to build on this performance by capitalizing on the opportunities within China and, more specifically, the mobile payment and mobile recharge platform solutions market Its successful strategy is based upon pushing gross margins by offering new products and services and improving existing ones In June 2022, FingerMotion (NASDAQ: FNGR) released its financial results for the year ended February 28, 2022. Of note in the report was the 37% year-over-year (“YOY”) growth in…

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