FingerMotion Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits
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SECTION 2 – FINANCIAL INFORMATION
| Item 2.02 | Results of Operations and Financial Condition. |
On January 15, 2025, FingerMotion, Inc. (the “Company”) issued a news release to report its financial results for the third quarter of fiscal year 2025 for the period ended November 30, 2024. The information regarding the financial results for the third fiscal quarter ended November 30, 2024 of the Company contained in Item 7.01 below is responsive to this Item 2.02 and is incorporated into this Item 2.02 by reference.
The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such a filing.
SECTION 7 – REGULATION FD
| Item 7.01 | Regulation FD Disclosure |
On January 15, 2025, the Company issued a news release to report its financial results for the third quarter of fiscal year 2025 for the period ended November 30, 2024. To review the full financial results, please view the Company's recent 10-Q filing at www.sec.gov/edgar/search or on the Company’s website at www.fingermotion.com/investor-relations/financial-information/details, which should be read in connection with this news release.
Q3 2025 Financial Summary (results expressed in US$ unless otherwise indicated):
| · | Reported quarterly revenue of $8.53 million (includes Telecommunications Products & Services, and SMS & MMS Business), an increase of $2.39 million or 39% compared to Q3 of fiscal 2024; |
| · | Reported quarterly increase in Telecommunications Products & Services business revenue of $2.36 million or 39% compared to Q3 of fiscal 2024; |
| · | Reported SMS & MMS business revenue of $44,457 compared to $7,900 in Q3 of fiscal 2024; |
| · | Reported quarterly Big Data revenue of $0 compared to $5,584 in Q3 of fiscal 2024; |
| · | Reported quarterly cost of revenue of $8.09 million, an increase of $2.59 million or 47% compared to Q3 of fiscal 2024; |
| · | Reported a gross profit of $0.44 million, a decrease of $0.19 million or 30% compared to Q3 of fiscal 2024; |
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| · | Reported quarterly loss of $1.66 million, a decrease of $0.28 million or 15% compared to Q3 of fiscal 2024; |
| · | Reported basic and diluted loss per share of $0.03 versus a loss per share of $0.04 for Q3 of fiscal 2024; |
| · | General and administrative expenses decreased by $676,566 or 30% during Q3 2025, while marketing costs increased by $99,515 or 243%. Share compensation expenses increased by $71,071 or 66%. |
| · | On November 30, 2024, FingerMotion had $164,600 in cash and cash equivalents, a working capital surplus of $9,426,608 and shareholders' equity of $9,583,495; |
| · | On November 30, 2024, Total Assets were $31.94 million, Total Current Liabilities were $22.32 million and Total Liabilities were $22.36 million; |
| · | 53,807,850 shares of common stock were issued and outstanding as of November 30, 2024. |
“We are proud to report a 39% increase in our revenue performance in Q3 2025, compared to last year, which was primarily due to substantial growth in our Telecommunications Products and Services division. Going forward, we are well-positioned to capitalize on new growth opportunities as we expand our presence in the new Command and Communications segment and accelerate the monetization of partnerships within our Big Data Business. With the successful completion of our recent financing, we believe we now have the resources needed to rollout key initiatives and drive sustained value creation for our shareholders,” stated Martin Shen, CEO of FingerMotion.
A copy of the news release is attached as Exhibit 99.1 hereto.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
|
Exhibit |
Description |
| 99.1 | News Release dated January 15, 2025 |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FINGERMOTION, INC. | ||
| DATE: January 15, 2025 | By: | /s/ Martin J. Shen |
| Martin J. Shen | ||
| CEO and Director | ||
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