FingerMotion Q3 FY2024 revenue $6.14M, down 46% YoY; net loss $1.94M, EPS -$0.04

FingerMotion, Inc.

2024-Q3 EPS reported -$0.06 revenue$27,588,403

Revenue $6.14M, down 46% YoY; telecom products & services revenue dropped 41%.
Net loss $1.94M (EPS -$0.04), improved from loss of $2.52M (EPS -$0.06) in Q3 2023.
Gross margin improved to 10.4% from 7.5% despite revenue decline.
Cash and cash equivalents $1.93M; shareholders' equity $12.64M as of Nov 30, 2023.
CEO Martin Shen says new business segments underway to improve revenues and profitability.

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 0.95

FingerMotion, Inc. reported the third quarter of fiscal 2024 for the period ended November 30, 2023 results: revenue $6.14 million, net income quarterly loss of $1.94 million, EPS $0.04.

Period: the third quarter of fiscal 2024 for the period ended November 30, 2023
Revenue: $6.14 million
Net income: quarterly loss of $1.94 million
EPS: $0.04
Result: reported results

Exact text from the filing

Reported quarterly revenue of $6.14 million (includes SMS & MMS, Telecommunications Products & Services businesses, and Big Data) which was a decrease of $5.26 million or 46% compared to Q3 2023;

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FingerMotion, Inc. filing history →

Source: SEC EDGAR

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