The latest update is out from FingerMotion (FNGR).
FingerMotion reported a positive financial performance for the fiscal year 2024, with a notable 5% increase in annual revenue reaching $35.79 million, driven by significant growth in their Telecommunications Products & Services. Despite declines in SMS & MMS and Big Data revenues, gross profits soared by 67% to $3.86 million. Operating expenses fell by 15%, contributing to a 50% reduction in net loss to $3.76 million. The company also highlighted a successful transition towards higher-margin endeavors and product diversification, with a focus on cloud-based services and lifestyle apps for future growth.
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