FingerMotion Inc. (FNGR): A Future Anchored in Mobile Products Research and Development

October 8, 2021

October 8, 2021 14:23:07
  • FingerMotion’s R&D expenditure has been gradually increasing quarter over quarter and year on year, representing its focus on the development of innovative mobile payment and communication products for over 1/2 million users in China
  • The company’s Big Data Insights division, Sapientus, which has accounted for most of the R&D expenditure so far, has been several years in the making
  • FingerMotion is looking to establish a collaborative lab with partners to run as a joint research and analytics hub
  • In March 2020, FNGR set aside resources dedicated to the R&D of an RCS platform
A look at several of the recent forms 10-K (annual report) and 10-Q (quarterly report) that evolving technology company FingerMotion (OTCQX: FNGR) has filed with the SEC shows interesting trends. These trends, which point to an ever-increasing focus on research and development (“R&D”), further bolster the company’s commitment to developing “must-have” applications for both consumers and businesses. In the three months ended November 30, 2020 (Q3 2021), the company’s R&D expenditure was up 29% to $124,723 from $96,627 reported in Q3 2020 (https://ibn.fm/tlNI4). The increase contributed to a year-end R&D expenditure of $552,343 for the fiscal year ended… Read More>> NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR

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