Singapore, Singapore--(Newsfile Corp. - July 16, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, is pleased to report its financial results for the first quarter of fiscal 2027 for the period ended May 31, 2026. 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 https://www.fingermotion.com/investor-relations/sec-filings/all, which should be read in connection with this news release.
Q1 2027 Financial Summary (results expressed in US$ unless otherwise indicated):
Reported quarterly revenue of $650,089 which was a decrease of $7,808,654 in revenues of 92% compared to Q1 2026. The decrease was primarily due to lower revenue in its Telecommunications Products & Services business;
Reported Telecommunications Products and Services revenue of $502,672 in Q1 2027, compared to approximately $8,311,354 in Q1 2026, which was a decrease of $7,808,582 or 94% compared to Q1 2026;
Reported Marketplace Platform and Digital Commerce Infrastructure Solutions revenue of $11,939 in Q1 2027, compared to $10,938 in Q1 2026, which was up 9% from Q1 2026;
Reported Advanced Technology and Platform Solutions revenue of $135,478 in Q1 2027, compared to $109,241 in Q1 2026, which was up 24% compared to Q1 2026;
Reported Data and Analytics Platform Solutions revenue of $0 in Q1 2027, which was a decrease of $27,310 or 100% compared to Q1 2026.
Reported quarterly cost of revenue of $441,611, which was a decrease of $7,864,611 or 95% compared to Q1 2026;
Reported gross profit of $208,478, compared to $152,521 in Q1 2026, which was an increase of $55,957 or 37% compared to Q1 2026;
Reported operating expenses of $2,1412,559 in Q1 2027, compared to $2,141,451 in Q1 2026, which was an increase of $1,108 or 0.1%;
Reported quarterly loss of $2.00 million which was a decrease of $8,229 or 0.4% compared to Q1 2026;
Basic and Diluted loss per share of $0.03 versus a loss per share of $0.04 for Q1 2026;
On May 31, 2026, FingerMotion had $987,391 in cash, a working capital surplus of $4,381,852 and a positive shareholders equity of $13,329,467;
Total Assets were $61.90 million, Total Current Liabilities were $48.55 million and Total Liabilities were $48.57 million;
61,281,308 common shares were issued and outstanding as of May 31, 2026.
"During the quarter, we were pleased to see improved profitability metrics despite a sharp decline in lower-margin transaction revenue," said CEO Martin Shen. "The Company's gross profit and gross margin both improved year over year, reflecting a more favorable revenue mix and better cost discipline. Our discipline was reflected in the balance sheet with positive working capital and shareholders' equity, which provides additional financial flexibility as management continues to execute on its platform strategy."