FingerMotion Reports Fiscal 2026 Revenue Decline of 32% Amid Telecommunications Segment Challenges
FingerMotion Inc. announced fiscal 2026 revenue of $24.1 million, down 32% year-over-year, with a net loss of $7.0 million, while management focuses on strengthening its telecommunications business and advancing new initiatives.
FingerMotion Inc. (NASDAQ: FNGR) reported financial results for the fiscal year ended February 28, 2026, revealing revenue of $24.13 million, a 32% decrease from $35.61 million in fiscal 2025. The decline was primarily attributed to lower activity in the company's Telecommunications Products and Services segment. The news underscores the challenges facing the tech firm as it navigates a shifting market landscape.
The company reported a net loss of $7.0 million, or $0.12 per share, compared with a net loss of $5.11 million in the prior year. Gross profit plummeted 75% to $693,845, reflecting margin pressures in its core operations. Despite the revenue headwinds, FingerMotion managed to reduce operating expenses by 12% year over year, signaling disciplined cost management. The company ended the fiscal year with a working capital surplus of $6.09 million and shareholders’ equity of $15.15 million, providing a cushion for its strategic initiatives.
Management emphasized its commitment to strengthening the telecommunications business while advancing its marketplace, data analytics, and technology initiatives. The company is also evaluating opportunities in selected international markets. This strategic pivot is crucial as FingerMotion looks to diversify beyond its core mobile payment and recharge platform solutions in China. The company's vision includes building an ecosystem of highly engaged users, targeting over 1 billion users in China and eventually expanding to other regional markets.
The financial results highlight the importance of FingerMotion's ongoing transformation. The decline in telecommunications revenue suggests a need for the company to accelerate its value-added services to drive growth. With a solid balance sheet, the company is positioned to invest in its future, but the path to profitability remains uncertain. Investors and analysts will be watching closely to see if the company can reverse the revenue trend and achieve its long-term goals.
For more details, the full press release is available at https://ibn.fm/POdJ0. Latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR.