FingerMotion Inc (FNGR) reported its Q4 2024 results on February 29, 2024, showcasing mixed financial performance amid challenging market conditions. Total revenue reached $8.20 million, representing a 33.6% sequential increase, but a year-over-year decline of 35.98%. The company continues to struggle with profitability, posting a net income loss of $413,624 and an EPS of -$0.0079, reflecting ongoing investment in technology and market expansion in the competitive telecommunications sector.
In the context of the current business environment, management emphasized the importance of scaling operations and enhancing customer engagement through innovative data-driven services. Recent efforts to leverage their proprietary platforms have started to yield insights, which management believes will drive future growth. Overall, while the immediate results signal ongoing challenges, management remains focused on strategic investments that could potentially strengthen FingerMotion's market position moving forward.