FingerMotion Inc. FNGR Archives - Page 5 of 15

FridayAug 19, 2022 3:09 pm

QualityStocksNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Customizing Globally Successful Business Models for Unique Needs of Chinese Market

FingerMotion (NASDAQ: FNGR), an evolving technology company, recently partnered to launch mobile device protection products through its subsidiary, Shanghai TengLian Jiujiu Information and Communication Technology Co. Ltd (“TengLian”). “The partnership will see the Chinese carriers [China Unicom and China Mobile] distribute the mobile device protection products as embedded, value-added features bundled with existing voice, device and data subscription plans. Underwritten by a NYSE-listed Fortune 500 insurance company, FingerMotion’s mobile device protection products will offer three tiers of protection: accidental damage to screens, mechanical breakdown and trade-in solutions. This is a departure from the norm in the Chinese mobile device protection…

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,…

ThursdayAug 11, 2022 9:56 am

QualityStocksNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Closes on $4M Funding Agreement

FingerMotion (NASDAQ: FNGR), a mobile data, services, and big data analytics company, announced that it has received $4 million in gross proceeds through a funding agreement with Lind Global Fund II, LP, which is an investment fund managed by New York-based institutional fund manager The Lind Partners. According to the announcement, the funds will provide transformational growth capital to scale Fingermotion’s business segments. The company noted that the funds are in the form of a securities purchase agreement that Lind Global purchased from FingerMotion, and the company has issued and sold to Lind Global a $4.8 million senior convertible note…

WednesdayAug 10, 2022 3:12 pm

QualityStocksNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Leveraging First-Mover Advantage, Relationships for Strong Footing in Chinese Market

FingerMotion (NASDAQ: FNGR) is positioned for opportunity with a first-mover status in payments processing and consumer data analysis in China. “The company’s big data product, known as Sapientus, has thus far focused on providing predictive services for the reinsurance market as insurance companies seek to establish a system for risk assessment in the country, and FingerMotion expects it to become a big revenue driver within the next couple of years,” reads a recent article. “We’ve had our actuaries, our data scientists working for about two to three years now in building up that wealth of information, so that we’re way…

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,…

MondayAug 08, 2022 9:00 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…

FridayAug 05, 2022 1:20 pm

QualityStocksNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Continues Strides to Push Gross Margins by Optimizing Product Offerings

FingerMotion (NASDAQ: FNGR) reported a 37% year-over-year growth in revenue for the financial year ended Feb. 28, 2022 (“FY2022”). “One of our key initiatives is to keep pushing gross margins higher, and we have been quite successful by optimizing our product offerings,” a recent article quotes CEO Martin Shen’s comments from the release of the FY2022 results. Regarding the results, Shen is quoted saying, “We have been able to steadily increase our margins by optimizing our product mix between Top-up and SMS. While our biggest challenge continues to be access to non-dilutive capital, we remain steadfast in our belief that…

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…

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…

MondayJul 25, 2022 1:34 pm

QualityStocksNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Leveraging Sapientus Division to Expand into Big Data Services

FingerMotion (NASDAQ: FNGR) is building a deeper channel for revenue in its services for China’s mobile phone users and big data clients. “FingerMotion’s central competencies are in mobile payment and mobile recharge platform solutions, but the company has been expanding into big data services through its Sapientus division. The data services have primarily been marketed as a tool for reinsurance companies as they look for effective measures of risk scoring and ways to simplify policy underwiring purchasing, but FingerMotion has acknowledged it could expand into other industries in the future,” a recent article reads. FingerMotion CEO Martin Shen is quoted…

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