Fingermotion Q4 2023 Earnings Report

Reported FY 2023 financial results, highlighting strong revenue growth and a strengthened balance sheet.

Key Takeaways

FingerMotion reported strong revenue growth for FY 2023, with a strengthened balance sheet and shareholder equity hitting close to a record $13 million. The company expanded cooperation in fintech and insuretech sectors and saw record revenues in its core Top-up business. Gross margins decreased to 6.8% for the year due to COVID lockdowns in China delaying the device protection initiative.

Deepened commitment to expanding cooperation with partners in the fintech and insuretech sectors.

Strengthened core Top-up business which saw record revenues in the past year.

Balance sheet strengthened by raising equity to grow the business and eradicate debt.

Shareholder equity hit close to a record $13 million.

Total Revenue

$12.8M

Previous year: $5.64M

+127.1%

EPS

-$0.04

Previous year: -$0.04

+0.0%