Quarterly ResultJul 15, 2026, 04:37 PM
FingerMotion Q1 Revenue Plummets 92.3%; Net Loss $2.01M
AI Summary
FingerMotion, Inc. reported a significant decline in revenue for the three months ended May 31, 2026, plummeting 92.3% to $650,089 compared to the same period last year. Despite the sharp revenue drop, the company's net loss slightly improved to $2.01 million, and basic loss per share improved to $0.03. Operating cash flow worsened, but the company secured $3.28 million from a convertible promissory note, significantly boosting its cash position.
Key Highlights
- Revenue for Q1 2026 plummeted 92.3% to $650,089 from $8,458,743 in Q1 2025.
- Net loss slightly improved to $2.01 million in Q1 2026 from $2.02 million in Q1 2025.
- Basic loss per share improved to $0.03 in Q1 2026 from $0.04 in Q1 2025.
- Gross profit increased 36.7% to $208,478 in Q1 2026 from $152,521 in Q1 2025.
- Net cash used in operating activities worsened to $2.35 million from $1.20 million.
- Cash and cash equivalents increased to $987,391 at May 31, 2026 from $68,596 at Feb 28, 2026.
- Received $3.28 million from convertible promissory note in Q1 2026.
Price Impact
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