Mobile services co FingerMotion's Q3 revenue falls 32%
Overview
Mobile services firm's Q3 revenue fell 32% yr/yr
Net loss for Q3 increased slightly compared to last year
Company is pivoting towards higher-growth opportunities amid capital constraints
Outlook
FingerMotion focuses on Command and Communication segment for future growth
Company aims to drive higher revenues and stronger margins through operational efficiency
Result Drivers
CAPITAL CONSTRAINTS - Limited funding affected operational and promotional activities in the DaGe Platform, leading to revenue declines
SEGMENT SHIFT - Company is shifting resources towards its Command and Communication segment, which showed revenue growth
TELECOM DECLINE - Telecommunications Products & Services revenue fell 32% due to reduced funding
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| -$0.03 |
|
Q3 Net Income |
| -$1.67 mln |
|
Q3 Operating Expenses |
| $1.96 mln |
|
Press Release: ID:nNFCqLQ6s
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