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May 31, 2022
Fingermotion Q1 2023 Earnings Report
Launched mobile device protection product in China.
Key Takeaways
FingerMotion launched mobile device protection products in China via its subsidiary TengLian, distributing them through Chinese carriers as value-added features to their plans, starting with Henan province.
Launched mobile device protection products in China through subsidiary TengLian.
Distribution via Chinese carriers as embedded features in device, voice, and data plans.
Initial launch in Henan province with 90 million mobile subscribers.
Aims to redefine the market with next-generation protection offerings, including accidental damage, mechanical breakdown, and trade-in solutions.
Fingermotion
Fingermotion
Forward Guidance
Telcos anticipate strong demand for new smartphones as customers transition to 5G, potentially leading to transformative revenue and profitability for FingerMotion, possibly surpassing existing core business segments.
Positive Outlook
- Robust demand for new smartphones expected due to 5G transition.
- Device protection programs could significantly boost revenues.
- Profitability is expected to increase.
- Potential to eclipse the success of existing core business segments.
- Device protection insurance business is not subject to Chinese regulatory scrutiny.