NetworkNewsBreaks – FingerMotion Inc.’s (FNGR)
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Posted On: 11/11/2021 3:18:55 PM
NetworkNewsBreaks – FingerMotion Inc.’s (FNGR) Q2 Results Represent ‘Transition to Greater Profitability’
FingerMotion (OTCQX: FNGR), a communications and big data technology platform builder, recently released its Q2 results. “The China-focused enterprise reported quarterly revenue of $5.39 million, which included a 25% year-over-year quarterly growth in its short and multimedia messaging (‘SMS’ and ‘MMS’) business revenue of $0.73 million,” reads a recent article. According to CEO Martin Shen, the company is seeing unabated growth with SMS texting due to its optimized prepayments of bulk inventory purchases — the subscription plan and mobile phone sales contributed to this growth. FNGR is also seeing strong demand in SMS from its corporate clientele. “Despite the positive news regarding texting and multimedia services, FingerMotion remains committed to improving its bottom line through the development of its trademarked Sapientus big data platform. ‘We are pleased at the strength of our balance sheet, which hit a milestone over $5.0 million in shareholder’s equity. The quarter was more of a transition to greater profitability as more of our initiative started contributing to gross margin,’ Shen stated.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
FingerMotion (OTCQX: FNGR), a communications and big data technology platform builder, recently released its Q2 results. “The China-focused enterprise reported quarterly revenue of $5.39 million, which included a 25% year-over-year quarterly growth in its short and multimedia messaging (‘SMS’ and ‘MMS’) business revenue of $0.73 million,” reads a recent article. According to CEO Martin Shen, the company is seeing unabated growth with SMS texting due to its optimized prepayments of bulk inventory purchases — the subscription plan and mobile phone sales contributed to this growth. FNGR is also seeing strong demand in SMS from its corporate clientele. “Despite the positive news regarding texting and multimedia services, FingerMotion remains committed to improving its bottom line through the development of its trademarked Sapientus big data platform. ‘We are pleased at the strength of our balance sheet, which hit a milestone over $5.0 million in shareholder’s equity. The quarter was more of a transition to greater profitability as more of our initiative started contributing to gross margin,’ Shen stated.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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