Quarterly ResultJul 16, 2026, 04:33 PM
FingerMotion Q1 2027 Revenue Down 92% to $650K; Gross Profit Up 37%
AI Summary
FingerMotion, Inc. reported its financial results for the first quarter of fiscal year 2027, ending May 31, 2026. The company experienced a significant 92% decrease in quarterly revenue to $650,089, primarily due to a sharp decline in its Telecommunications Products & Services business. Despite the revenue drop, gross profit increased by 37% to $208,478, reflecting a more favorable revenue mix and better cost discipline. The company also maintained a positive working capital surplus of $4.38 million and positive shareholders' equity.
Key Highlights
- Reported quarterly revenue of $650,089, a 92% decrease compared to Q1 2026.
- Telecommunications Products and Services revenue decreased 94% to $502,672.
- Marketplace Platform revenue increased 9% to $11,939.
- Advanced Technology revenue increased 24% to $135,478.
- Gross profit increased 37% to $208,478 compared to Q1 2026.
- Reported quarterly loss of $2.00 million, a 0.4% decrease from Q1 2026.
- Basic and Diluted loss per share was $0.03, down from $0.04 in Q1 2026.
- Cash was $987,391, with a working capital surplus of $4,381,852 as of May 31, 2026.
Price Impact
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