Fingermotion Q1 2025 Earnings Report
Key Takeaways
FingerMotion reported a decrease in revenue of $3.8 million, or 31%, compared to the same period last year. This decline was primarily due to decreases in the Telecommunication Products & Services and Big Data segments, partially offset by an increase in the SMS & MMS business. Gross profit improved by $0.02 million, or 3%, and cost of revenue decreased by $3.81 million, or 33%.
Revenue decreased by 31% due to declines in Telecommunication Products & Services and Big Data businesses.
SMS & MMS business saw a significant revenue increase due to strategic reallocation of resources.
Gross profit improved by 3%, and cost of revenue decreased by 33%.
The company is focusing on optimizing its business portfolio by prioritizing higher-margin segments.
Fingermotion
Fingermotion
Forward Guidance
FingerMotion expects increasing revenue and improved margins for the balance of fiscal 2025, driven by the Da Ge app, Insuretec partnerships, and the Sapientus big data platform.
Positive Outlook
- Arrangements that could result in significantly increased use of the Da Ge app.
- Continued investment in Insuretec partners.
- Sapientus big data platform has made additional progress on several fronts.
- Expect cloud-based services to contribute meaningful revenue later this fiscal year.
- Expect lifestyle app to contribute meaningful revenue later this fiscal year.