FingerMotion Inc. (NASDAQ: FNGR), a mobile services, data, and technology company, reported a 1% year-over-year revenue increase to $8.46 million for Q1 FY2026, highlighting growth in new revenue segments despite a 1% decline in its core Telecommunications Products & Services business. The DaGe Platform, Command and Communication segment, and Big Data segment contributed $10,938, $109,241, and $27,310 in revenue respectively, marking the company's strategic shift towards higher-margin, data-driven technologies.
However, the company faced challenges with gross profit falling 78% to $152,521 due to rising costs, while operating expenses saw a 9% decline to $2.14 million. The net loss widened to $2.01 million, or $0.04 per share. CEO Martin Shen emphasized the momentum in newer segments and reaffirmed the company's commitment to long-term, data-driven growth.
This development is significant for investors and the tech industry as it reflects FingerMotion's transition from traditional mobile services to innovative data and technology solutions, potentially setting a precedent for similar companies in the competitive tech landscape. For more details, visit https://ibn.fm/rSjXQ.
