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Feb 28, 2023
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.
Forward Guidance
The Company expects to resume its upward trend in gross margins in the coming year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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