FingerMotion (OTCQX: FNGR) recently announced its financial results for the three months ending May 31, 2021 (“Q1 2022”). The company generated a revenue of $6 million, which included contributions from its SMS & MMS, Telecommunications Products & Services, and Big Data Businesses. “The SMS & MMS business recorded a growth in revenue of $1.81 million or 77% compared to Q1 2021; the Telecommunications Products & Services business recorded a revenue growth of $1.34 million or 341% compared to Q1 2021,” reads a recent article. The company also recorded revenues of $98,715 or 198% in quarter-over-quarter growth in its Big Data division. According to FingerMotion CEO Martin Shen, Q1 2022 marked the second quarter of Big Data revenues, and the company expects it to eventually outpace its other existing revenue streams. “The CEO of FingerMotion said that the first quarter generated $6.00 million in revenue and represented the fourth consecutive quarter of record revenue.”
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About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. It is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, visit www.FingerMotion.com.
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