Fingermotion Q4 2023 Earnings Report
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.
Fingermotion
Fingermotion
Forward Guidance
The Company expects to resume its upward trend in gross margins in the coming year.