- FingerMotion is planning to host a corporate update call on August 25 at 1 pm Eastern Time
- As part of the call, FNGR CEO Martin Shen is expected to cover recent developments, including the quarterly financial results, application to uplist to the NASDAQ, and plans for an upcoming annual meeting of shareholders
- A question-and-answer session is scheduled at the end of the call
FingerMotion (OTCQX: FNGR), an evolving technology company with core competency in mobile payment solutions in China, as well as SMS/MMS, will be hosting a corporate update call scheduled for August 25, 2021, at 1 pm Eastern Time. As part of the call, CEO Martin Shen will cover various subjects (https://ibn.fm/PEYuN).
The update is planned against the backdrop of recent positive announcements, including the company’s release of Q1 2021 results, in which it reported record quarterly revenue of $6 million. FingerMotion’s SMS & MMS and Telecommunications Products & Services (“TPS”) notched impressive double-digit and triple-digit revenue growth rates, respectively, compared to Q1 2020. Q1 2021 was also the second consecutive quarter in which the company reported revenue from its Big Data division (https://ibn.fm/zLVFV).
During the update call, these results are expected to take center stage along with the company’s recent application to have shares of its common stock listed on the Nasdaq Capital Market. While there is no guarantee that the submission will be approved, the application still marks a key milestone for the company’s evolution, according to Shen (https://ibn.fm/zyU2E). Shen is expected to talk about this application, as well as the plans for an upcoming annual meeting of shareholders in the near future.
A question-and-answer session, wherein the company will answer questions submitted via emails, is scheduled at the end of the call. More details on this will be provided closer to the day of the call.
Founded in 2016, FingerMotion has evolved over the years. It currently has three operational and revenue-generating business units – TPS, SMS & MMS, and Big Data – with plans to make a fourth division, the rich communication services (“RCS”), operational in due course.
FingerMotion is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. Additionally, earlier this year, buoyed by its big data product dubbed Sapientus, the company forayed into insurtech through its partnership with Pacific Life Re-insurance, which appears to have set the foundation for similar alliances in the insurtech sector.
Since then, FNGR has entered into an agreement with Happy Life Insurance to create an innovative, data-driven insurance business model and also expects additional contracts relating to its insurtech products by the year’s end,
To support its foray into insurtech, FingerMotion recently announced the completion of the first stage of prototyping of its insurtech model and expects completion by the end of 2021 (https://ibn.fm/5GR6B)
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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