NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: F
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Posted On: 08/05/2022 5:17:43 PM
NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Continues Strides to Push Gross Margins by Optimizing Product Offerings
FingerMotion (NASDAQ: FNGR) reported a 37% year-over-year growth in revenue for the financial year ended Feb. 28, 2022 (“FY2022”). “One of our key initiatives is to keep pushing gross margins higher, and we have been quite successful by optimizing our product offerings,” a recent article quotes CEO Martin Shen’s comments from the release of the FY2022 results. Regarding the results, Shen is quoted saying, “We have been able to steadily increase our margins by optimizing our product mix between Top-up and SMS. While our biggest challenge continues to be access to non-dilutive capital, we remain steadfast in our belief that we will reach profitability in the near future.” Founded in 2016, FingerMotion has grown to be one of China’s leading mobile payment and recharge platform solutions. Going forward, the article reads, “FingerMotion looks to capitalize on its strengths while exploring new avenues for creating shareholder value and creating new revenue streams. It looks to build performance from the previous financial year, with the goal of achieving profitability soon. The company plans to follow through with its mobile protection program, whose rollout is on schedule, while also maintaining critical collaborations with its telecom partners and Chinese subsidiaries.”
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 (NASDAQ: FNGR) reported a 37% year-over-year growth in revenue for the financial year ended Feb. 28, 2022 (“FY2022”). “One of our key initiatives is to keep pushing gross margins higher, and we have been quite successful by optimizing our product offerings,” a recent article quotes CEO Martin Shen’s comments from the release of the FY2022 results. Regarding the results, Shen is quoted saying, “We have been able to steadily increase our margins by optimizing our product mix between Top-up and SMS. While our biggest challenge continues to be access to non-dilutive capital, we remain steadfast in our belief that we will reach profitability in the near future.” Founded in 2016, FingerMotion has grown to be one of China’s leading mobile payment and recharge platform solutions. Going forward, the article reads, “FingerMotion looks to capitalize on its strengths while exploring new avenues for creating shareholder value and creating new revenue streams. It looks to build performance from the previous financial year, with the goal of achieving profitability soon. The company plans to follow through with its mobile protection program, whose rollout is on schedule, while also maintaining critical collaborations with its telecom partners and Chinese subsidiaries.”
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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