FingerMotion Q2 revenue up 86% to $9.28M; net loss narrows 91% to $134K

FingerMotion, Inc.

2024-Q2 EPS reported -$0.03 revenue$21,448,257

Gross profit rose 341% to $1.84M; gross margin improved to 19.8% from 7.8% a year ago.
Telecom Products & Services revenue surged 227% to $6.38M; Big Data revenue up 22% to $0.77M.
SMS & MMS segment revenue fell to $0 from $2.1M, down 100% YoY as business was discontinued.
Cash on hand $4.04M; working capital surplus $14.03M; shareholders' equity $14.20M.
CEO cites progress toward break-even; net loss per share improved to ($0.00) from ($0.04).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FingerMotion, Inc. reported second quarter of fiscal 2024 for the period ended August 31, 2023 results: revenue $9.28 million, net income loss of $134,081, EPS $0.00.

Period: second quarter of fiscal 2024 for the period ended August 31, 2023
Revenue: $9.28 million
Net income: loss of $134,081
EPS: $0.00
Result: reported results

Exact text from the filing

, which should be read in connection with this news release. Q2 2024 Financial Summary (results expressed in US$ unless otherwise indicated): ● Reported quarterly revenue of $9.28 million (includes SMS & MMS, Telecommunications Products & Services businesses, and Big Data) which was an increase of $4.30 million or 86% compared to Q2 of fiscal 2023; ● Reported

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Source: SEC EDGAR

accession 0001520138-23-000450

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