- In June of this year, FingerMotion posted a 37% YOY revenue growth for its total annual revenue for 2022
- In the just-released Q1 2023 financial results, the company posted $4.86 million in revenue, a drop from $6 million in Q1 2022, revealing lingering lockdown effects
- Despite the recent lockdown related financial pressures, Mr. Shen has expressed confidence that, as China returns to pre-pandemic levels, growth will rebound
- Mr. Shen, the company’s CEO, noted that going forward one of the critical FingerMotion initiatives would be to keep pushing gross margins higher
Earlier in the year, FingerMotion (NASDAQ: FNGR), an evolving technology company with a core competency in mobile payment and recharge platform solutions in China, released its financial results for the 2022 financial year. Most notably, the company reported a 37% year-over-year (“YOY”) growth in revenue, with the Telecommunications Products & Services business posting the highest growth at 170% (https://ibn.fm/fyNtn).
While making the announcement, Martin Shen, FingerMotion’s Chief Executive Officer (“CEO”), attributed the company’s growth to its aggressive expansion to new markets with its Top Up business in collaboration with its telecom partners. He further expressed his confidence in the company’s…
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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