Q2 2023 Financial Summary (results expressed in US$ unless otherwise indicated):
- Reported record quarterly revenue of $4.98 million (includes SMS & MMS, Telecommunications Products & Services businesses, and Big Data);
- Reported quarterly increase in Telecommunications Products & Services business revenue of $1.10 million or 64% compared to Q2 2022;
- Reported quarterly increase in Big Data revenue of $.03 million or 91% compared to Q2 2022 due to a new contract with Pacific Life Re in Asia;
- Reported quarterly decline in SMS & MMS business revenue of $1.53 million or 42% compared to Q2 2022;
- Reported quarterly cost of revenue of $4.57 million which was a decrease of $.12 million or 3% compared to Q2 2022;
- Reported quarterly loss of $1.54 million which was an increase of $.08 million or 6% compared to Q2 2022;
- Basic and Diluted loss per share of $0.04 versus a loss per share of $0.04 for Q2 2022;
- On August 31, 2022, FingerMotion had $1,984,562 in cash, a working capital surplus of $6,728,711 and positive shareholders' equity of $2,168,824;
- Total Assets were $10.46 million, Total Current Liabilities were $3.40 million and Total Liabilities were $8.29 million;
- 42,857,260 common shares were issued and outstanding as of August 31, 2022.