FY 2024 Financial Summary (results expressed in US$ unless otherwise indicated):
- Reported annual revenue of $35.79 million which was an increase of $1.74 million or 5% compared to FY 2023 (includes Telecommunications Products & Services businesses, SMS & MMS, and Big Data);
- Reported Year over Year annual growth in Telecommunications Products & Services business revenue of $5.78 million or 21% compared to FY 2023;
- Reported Year over Year annual decline in SMS & MMS business revenue of $3.94 million or 60% compared to FY 2023;
- Reported Year over Year annual decline in Big Data revenue of $0.11 million or 25% compared to FY 2023;
- Reported gross profits of $3.86 million which was an increase of $1.54 million or 67% compared to FY 2023;
- Reported annual cost of revenue of $31.93 million which was an increase of $0.19 million or 1% compared to FY 2023;
- Reported operating expenses of $7.68 million which was a decrease of $1.31 million or 15% compared to FY 2023;
- Reported annual net loss of $3.76 million which was a decrease of $3.78 million or 50% compared to FY 2023;
- Basic and Diluted loss per share of $0.07;
- At February 29, 2024, FingerMotion had $1.52 million in cash, a working capital surplus of $11.97 million and a positive shareholders' equity of $12.06 million;
- At February 29, 2024, total assets were $18.81 million, total current liabilities and total liabilities were $6.75 million; and
- 52,545,350 common shares were issued and outstanding as of February 29, 2024.