FingerMotion (OTCQX: FNGR) recently released its financial results for the fiscal year ended February 28, 2021, posting “its highest revenue and year-over-year revenue growth thus far.” According to a recent article, the company’s revenue grew by 82% from the previous financial year 2020, reaching $16.68 million. FNGR’s SMS and MMS segment posted business revenue of $6.13 million for the 2021 fiscal year, an 84% growth from the year before. Its gross profit increased by 71%. The company’s overall growth for the 2021 financial year reflected $2.11 million in positive shareholders’ equity. The article continues, “The 2021 impressive fiscal performance was mainly attributed to the company’s commitment to growth in its subscribers, a factor that, Mr. Shen [FNGR’s CEO] noted, will further allow for the increase in revenue for the coming financial year. Additionally, Mr. Shen stated that the company’s resolve to expand into new regions, coupled with fostering solid relationships with other players in the telecommunications industry, is set to guarantee its platform’s reliability and spur customer loyalty.”
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About FingerMotion Inc.
FingerMotion is an evolving technology company with core competencies 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 the country’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. FingerMotion’s vision 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 China and eventually expand the model to other regional markets. For more information about the company, visit www.FingerMotion.com.
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