FingerMotion, Inc. Files 8-K on Financials

TL;DR

FING files 8-K with financial updates. Check it out.

AI Summary

FingerMotion, Inc. filed an 8-K on October 16, 2024, reporting on its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company, incorporated in Delaware, is headquartered in Singapore.

Why It Matters

This 8-K filing provides investors with crucial updates on FingerMotion's financial performance and operational status, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for financial reporting and does not indicate any unusual risks.

Key Players & Entities

• FingerMotion, Inc. (company) — Registrant
• October 16, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• Singapore (location) — Principal Executive Offices
• 001-41187 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $8.46 million — icated): Reported quarterly revenue of $8.46 million (includes Telecommunications Products &
• $0.82 million — Command & Communication), a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024; R
• $0.77 million — Products & Services business revenue of $0.77 million or 8% compared to Q2 of fiscal 2024; R
• $3,770 — Reported SMS & MMS business revenue of $3,770 compared to $8,192 in Q2 of fiscal 2024
• $8,192 — business revenue of $3,770 compared to $8,192 in Q2 of fiscal 2024; Reported quarter
• $28,730 — erly Command & Communication revenue of $28,730 compared to $0 in Q2 of fiscal 2024: R
• $0 — nication revenue of $28,730 compared to $0 in Q2 of fiscal 2024: Reported quarter
• $76,746 — erly Big Data revenue of $0 compared to $76,746 in Q2 of fiscal 2024; Reported quarter
• $8.16 m — Reported quarterly cost of revenue of $8.16 million, an increase of $0.72 million or
• $0.72 million — evenue of $8.16 million, an increase of $0.72 million or 10% compared to Q2 of fiscal 2024;
• $0.30 m — iscal 2024; Reported a gross profit of $0.30 million, a decrease of $1.54 million or 8
• $1.54 million — profit of $0.30 million, a decrease of $1.54 million or 84% compared to Q2 of fiscal 2024;
• $1.69 m — utable to the Company's shareholders of $1.69 million, an increase of $1.55 million or
• $1.55 million — olders of $1.69 million, an increase of $1.55 million or 1,159% compared to Q2 of fiscal 2024
• $810,284 — ; At August 31, 2024, FingerMotion had $810,284 in cash and cash equivalents, a working

Filing Documents

• fngr-20241016_8k.htm (8-K) — 33KB
• fngr-20241016_8kex99z1.htm (EX-99.1) — 12KB
• image_001.jpg (GRAPHIC) — 4KB
• 0001520138-24-000362.txt ( ) — 228KB
• fngr-20241016.xsd (EX-101.SCH) — 3KB
• fngr-20241016_lab.xml (EX-101.LAB) — 33KB
• fngr-20241016_pre.xml (EX-101.PRE) — 24KB
• fngr-20241016_8k_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On October 16, 2024, FingerMotion, Inc. (the "Company") issued a news release to report its financial results for the second quarter of fiscal year 2025 for the period ended August 31, 2024. The information regarding the financial results for the second fiscal quarter ended August 31, 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

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On October 16, 2024, the Company issued a news release to report its financial results for the second quarter of fiscal year 2025 for the period ended August 31, 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. Q2 2025 Financial Summary (results expressed in US$ unless otherwise indicated): Reported quarterly revenue of $8.46 million (includes Telecommunications Products & Services, SMS & MMS Business, and Command & Communication), a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024; Reported quarterly decrease in Telecommunications Products & Services business revenue of $0.77 million or 8% compared to Q2 of fiscal 2024; Reported SMS & MMS business revenue of $3,770 compared to $8,192 in Q2 of fiscal 2024; Reported quarterly Command & Communication revenue of $28,730 compared to $0 in Q2 of fiscal 2024: Reported quarterly Big Data revenue of $0 compared to $76,746 in Q2 of fiscal 2024; Reported quarterly cost of revenue of $8.16 million, an increase of $0.72 million or 10% compared to Q2 of fiscal 2024; Reported a gross profit of $0.30 million, a decrease of $1.54 million or 84% compared to Q2 of fiscal 2024; Reported quarterly loss attributable to the Company's shareholders of $1.69 million, an increase of $1.55 million or 1,159% compared to Q2 of fiscal 2024; Reported basic and diluted loss per share of $(0.03) versus a loss per share of $(0.00) for Q2 of fiscal 2024; At August 31, 2024, FingerMotion had $810,284 in cash and cash equivalents, a working capital surplus of $9,708,861 and shareholders' equity of $9,878,372; At August 31, 2024, Total Assets were $30.19 million, Total Current Liabilities were $20.24 million and Total Liabilities were $20.31 million; 52,712,850 share

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.1 News Release dated October 16, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) -4-

SIGNATURES

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: October 16, 2024 By: /s/ Martin J. Shen Martin J. Shen CEO and Director -5-

View Full Filing

View this 8-K filing on SEC EDGAR