FingerMotion Drops 11% on Falling 1Q Revenue

Dow Jones07-02

By Victor Swezey

FingerMotion's American depository receipts dropped after its first-quarter revenue and profit fell by nearly a third.

The stock was down 11%, to $2.26, on Monday. Shares are down 43% since the beginning of the year.

The Singaporean mobile-data company's revenue fell 31%, to $8.4 million.

Its loss widened to $1.6 million, or 3 cents a share, from $1.3 million, or 2 cents a share, in the year-ago period.

"Our company again experienced a challenging market during Q1 2025," said Chief Executive Martin Shen.

Shen said the company expects revenue growth this fiscal year through various revenue streams including its Da Ge electric vehicle app, Sapientus big data platform, cloud-based services and lifestyle app.

Write to Victor Swezey at victor.swezey@wsj.com

(END) Dow Jones Newswires

July 01, 2024 12:40 ET (16:40 GMT)

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