Loading...
•
Nov 30, 2020
Fingermotion Q3 2021 Earnings Report
Revenue increased due to growth in telecommunications and SMS services.
Key Takeaways
FingerMotion reported an 81% increase in revenue for Q3 2021 compared to the same period last year. The company's growth is tied to the increase in prepaid deposits held in trust at the Company’s telecommunications partners.
Q3 revenues increased 81% compared to the same period last year.
Revenue growth is projected to exceed US$19.5 million for fiscal 2021.
Growth is tied to the increase in prepaid deposits held in trust at telecommunications partners.
The SMS & MMS business is strengthening, and other business arms are evolving.
Fingermotion
Fingermotion
Fingermotion Revenue by Segment
Revenue by Segment
Telecom Products & Services Revenue
CapyFin.com Forward Guidance
FingerMotion projects revenue growth to exceed US$19.5 million for fiscal year 2021. The company anticipates continued sequential quarterly sales growth.
Positive Outlook
- Revenue growth is projected to exceed US$19.5 million for fiscal 2021.
- SMS & MMS business is strengthening.
- Big Data Insights and RCS platform are evolving from R&D to beta test phase.
- New hires at the corporate and operations level.
- Company endeavors for transparency have led to OTCQX upgrade.
Challenges Ahead
- Forward-looking statements involve risks and uncertainties.
- Future results may differ materially from those discussed or implied in forward-looking statements.
- Reliance on forward-looking statements should be avoided.
- International, national and local general economic and market conditions.
- Competition and changes in the Chinese telecommunications market.