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Nov 30, 2021
Fingermotion Q3 2022 Earnings Report
Reported strong profitability driven by revenue growth and strategic collaborations.
Key Takeaways
FingerMotion reported a strong Q3 2022 with a record gross profit of $967,075 and revenue of $5.9 million. The company focused on telecom collaborations and is developing new insurtech brands for future revenue streams.
Achieved a record gross profit of $967,075.
Revenue reached $5.9 million, driven by the top-up business.
Expanded collaboration with China Mobile in the Fujian province.
Continued discussions with Pacific Life Re regarding big data opportunities.
Fingermotion
Fingermotion
Forward Guidance
FingerMotion anticipates continued gross margin growth and increased revenue as the insurtech business develops. New mobile device protection brands are undergoing beta testing and are expected to contribute significantly to revenue in the next fiscal year.
Positive Outlook
- Continued growth in gross margins expected.
- Revenue anticipated to ramp up as insurtech business unfolds.
- New mobile device protection brands could represent a significant revenue stream.
- Beta testing underway for new brands.
- Focus on expanding user base and engagement.