FingerMotion reports record Q3 revenue of $11.4M, up 93% YoY; net loss widens to $2.52M

FingerMotion, Inc.

2023-Q3 EPS reported -$0.13 vs consensus -$0.02 ▼ miss (-537.3%)

Record Q3 revenue $11.40M, up 93% YoY; Telecom Products & Services rev up 215% to $7.07M.
Net loss $2.52M, up 143% YoY; basic/diluted EPS loss $0.06 vs $0.02.
Cash $11.87M, working capital surplus $16.71M, shareholders' equity $12.19M.
Board extended expiry of 1,417,668 Jan 2021 warrants from Jan 13, 2023 to July 13, 2023.
CEO cites end of Chinese lockdowns; expects dramatic acceleration in topline growth and margin rebound.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FingerMotion, Inc. reported the third quarter ended November 30, 2022 results: revenue $11.40 million, EPS $0.06 versus a loss per share of $0.02.

Period: the third quarter ended November 30, 2022
Revenue: $11.40 million
EPS: $0.06 versus a loss per share of $0.02
Result: reported results

Exact text from the filing

should be read in connection with this news release. Q3 2023 Financial Summary (results expressed in US$ unless otherwise indicated): ● Reported record quarterly revenue of $11.40 million (includes SMS & MMS, Telecommunications Products & Services businesses, and Big Data); ● Reported a quarterly increase in revenues of 93% compared to Q3 2022; ● Reported

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FingerMotion, Inc. filing history →

Source: SEC EDGAR

accession 0001520138-23-000036

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