FNGR) Third Quarter Financial Report Notes Record Earnings Growth, Continued Efforts to Expand SMS and Big Data Services

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  • US-based communications technology brand FingerMotion is increasing its profits by focusing on services for the world’s most connected Chinese population.
  • FingerMotion recently released its financial statements for the third quarter ending Nov. 30, noting gross profit at a record $967,075.
  • The earnings report was 56% higher than the same period a year earlier, mainly driven by the company’s Telecommunications Products and Services business.
  • Revenue from FingerMotion’s telecommunications products and services grew 580% year-on-year despite a slowing trend in SMS services as the company shifted resources to the company’s collaboration with China Mobile in Fujian Province for products SMS related to 5G.

Growing business of communications and big data technologies FingerMotion (NASDAQ: FNGR), enters 2022 with record profitability and continued growth in gross margins.

“We expect this gross margin trend to continue, and revenue should increase as the insurtech business begins to grow,” CEO Martin Shen said in conjunction with the company’s announcement on May 18. January of its financial profile for the…

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