FingerMotion CEO Details Q3 Fiscal 2024 Revenue of $6.1M, Gross Margin Drop to 10.4%, Expects Bounce Back in Q4

FingerMotion, Inc.

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

Q3 FY2024 revenue was $6.1M (mostly Top Up), up 455% from $1.1M baseline in Q2.
Cloud Services represented 88% of Q2 revenue ($8.1M of $9.2M) but minimal in Q3.
Gross margin fell from 19.8% in Q2 to 10.4% in Q3; expects recovery with Cloud Services in Q4.
Nine-month revenue through Nov 30, 2023 reached $27.6M, up 30% YoY; gross profit up 90% to $3.1M.
CEO Martin Shen highlighted long-term growth from insurtech, big data, and new lifestyle app.

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